ADN andromeda metals limited

I understand the sense of a defensive corner stone investor, say...

  1. 1,141 Posts.
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    I understand the sense of a defensive corner stone investor, say 10 to 15 %. But im at a loss as to why we would want a 50/50 JV partner, this is a simple low capex start up, we just got rid of MEP, so why would we be entertaining JV talk, and paving the way to be taken over, unless he thinks he can squeeze them for a few Billion , otherwise I don't get it. Maybe im misundersting something here.
    This news seems very strange to me, what do others think.
 
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(20min delay)
Last
1.2¢
Change
0.001(9.09%)
Mkt cap ! $45.78M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $5.097K 454.4K

Buyers (Bids)

No. Vol. Price($)
14 6063464 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 6584527 12
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Last trade - 16.10pm 16/07/2025 (20 minute delay) ?
ADN (ASX) Chart
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