ADN
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0.00% 1.7¢ andromeda metals limited

HIGH RISK OF TAKEOVER

  1. blake8636
    214 Posts.
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    11/05/22
    00:16
    Post #: 61329116
    Imagine adding another billion shares to the register by raising $90m at 9c a share (assuming that would be the price the sophisticated investor gets)?

    hoping the share price climbs before we get to that point.
    ADN Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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  3. newregime
    2,013 Posts.
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    11/05/22
    00:52
    Post #: 61329277
    Blake I think the question should be
    Who is going to buy a heap of ADN on market?
    I see one or two of the following mega companies buying on market for a strategic stake -
    Is it BASF, Imerys, KaMin LLC, Sibelco or one of the largest concrete companies in the world?
    Or is it the shorters buying back their 67 million shorts?
    It would be a very smart move for any of these mega companies to pick up 5% on market and become a sub holder. Would be a great investment, and force the shorters to buy back. They would make multiple returns on their investment as well as perhaps get a seat on the board.
    ADN Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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Last
1.7¢ 		Change
0.000(0.00%) 		Mkt cap ! $52.87M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $32.30K 1.854M

Buyers (Bids)

No. Vol. Price($)
56 17807705 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 720129 5
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Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
ADN (ASX) Chart
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