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2.0¢ andromeda metals limited

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Stemonator2000

62 Posts.

7

10/04/24

06:23

Post #: 73267387
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Originally posted by SSPPMM: ↑

Just my opinion.

In addition to the decline in shorts to 10 mil, JP Morgan Custodians no longer appear in the March T20.

My guess is an investor who participated in the CR has decided to sell. However, they were unable to do so until the shares were returned to the Custodian who had loaned them to short sellers. This would explain the rise to 3 cents as the shorts bought back on market then the decline back to 2 cents as the investor sold off.

What is interesting though, is despite the lack of any news on funding, someone is happily buying up large volumes of shares at 2 cents.

Why??

Are they buying as many as they can without pushing up the SP to build a substantial position prior to making an offer to take a majority position or even a takeover???

The question I have is, what do you value ADN at, and remember the $190 Mill Tax Loss is as good as cash.

Cheers.

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if it’s as good as cash start producing pmsl
what a load of bs , it’s not hard to see why 85 percent or retail go under read this dribble

ADN Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

1 Great analysis

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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $62.20M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$1.717K	85.84K

Buyers (Bids)

No.	Vol.	Price($)
8	2222568	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	504462	5

View Market Depth

No.	Vol.	Price($)
8	2222568	0.019
14	2558974	0.018
10	4569549	0.017
21	4340741	0.016
26	5133420	0.015

Price($)	Vol.	No.
0.020	504462	5
0.021	580469	11
0.022	2736835	7
0.023	503017	6
0.024	1211838	11

Last trade - 12.18pm 29/07/2024 (20 minute delay)

ADN (ASX) Chart