It's funny how ill-informed some posters are with their posts about current market fluctuations and posting it on the ADN threads.
These short term fluctuations whether up/down/large/small will bear no impact for those looking to lend monies to ADN, especially private credit.
The whole purpose of binding offtake agreements is to forward look and show lenders/investors guaranteed revenue. At this stage that is about 6 years, 1 year or so to set the mine up and 5 years for BoA's. So really who cares about a market drop when it comes to looking at ADN.
Also, ADN has about 2 quarters of cash left, so plenty of time to announce debt etc.
General comments/chat, page-44261
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $113.4K | 7.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 7933368 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1617182 | 13 |
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| Last trade - 13.57pm 08/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |