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pakkham

13,126 Posts.

681

26/08/24

12:40

Post #: 75373813
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Originally posted by pstrickland: ↑

Agree with the above. You'd need to have rocks in your head to own more than a couple of million shares and make any decisions influenced by the nonsense posted here. Transactions of this volume are not driven by the guff on Hot Copper. And while I'm sure 'paid down/up rampers' exist, they are likely pretty rare.

As to salaries, the problem seems to me that ADN is now paying people production-level salaries when really they are still frozen in explorer mode. There is no need for highly paid operational staff if all the regulatory approvals have been finalised and they are just waiting (or hoping) to negotiate funding. Ranford in particular looks overpaid and questionable in the role. The pilot plant was constructed on his watch then had to be rebuilt, and now they are apparently raising to improve plant engineering designs.

I also agree there will be a pump of some sort in the next week or two. Otherwise, they will struggle to fill the placement. Personally I think only three things can save this mob now: takeover, JV or government handout, all of which look pretty unlikely. The fact the main cheerleaders have all but disappeared suggests they think so too.

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takeover .. no.. coz they got peanuts..
merger
to wipe the dirty of the board.
same sh#t
maybe a tick to wash the
placement

ADN Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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General comments/chat, page-44535

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General comments/chat, page-44535

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