The second part of the rationale @Sk1nman is what I have written about extensively over at MEP and that is the incomprehensible (IMHO) valuation gap between ADN & MEP and my conviction that ADN will make a bid for MEP at some point in the future. I could very well be wrong!
Like many others here I held both ADN & MEP but when it came time to sell the 50% ownership of NNPL compelled me to exit ADN & buy more MEP. I have said that I would invest a lot of money in NNPL if it was a separately listed company so I don't think anyone can question my bullishness on HNT/NNPL.
Everyone has to work out their own investment strategy. I have consistently outlined mine for everyone to see.
The second part of the rationale @Sk1nman is what I have written...
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $59.09M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 1.9¢ | $139.0K | 6.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2162625 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 644284 | 3 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
-0.002 ( 9.52 %) |
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| Open | High | Low | Volume | ||
| 2.1¢ | 2.2¢ | 1.9¢ | 6292491 | ||
| Last updated 15.58pm 06/06/2024 ? | |||||
| ADN (ASX) Chart |