Haven't been following ADN very closely, but from the little info I have - their SP had been steadily increasing up to the christmas break (they had their mining licence approved just before Christmas).
They've also got a takeover of MEP in progress which is predicated on ADN's ability to take control of 90% of MEP's shares for the takeover to go ahead). As of today I think they're at about 48% of shares.
So they've had some good news stories which have de-risked their operation and mean they are closer than ever to actually getting their product out the ground.
ADN's progress may be calming some investors nerves who didn't really believe a company could actually get a profitable operation happening for Kaol and Hallo.
LRS General Discussion, page-3871
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Last
17.0¢ |
Change
0.015(9.68%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.5¢ | 16.0¢ | $2.021M | 11.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 662574 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 419502 | 7 |
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| LRS (ASX) Chart |