Now that Iron Road (IRD) has listed, its possible to firm up a value for ADN. Currently trading at 15-16c.
83 million shares on issue, $4.55 mill in bank. Market cap ~12 mill
1 for 4 IRD shares to be distributed soon. At 30c thats 7.5c per ADN share. If IRD spikes to 60c (like EFE did a few weeks did after listing), thats 15c per share, or the full current share price! Not unlikely either given the strong support IRD has enjoyed since listing, especially in a soggy market.
Currently drilling the Rover copper gold discovery, near where WGR recently had a stellar discovery and doubled in price.
Pre-feasibility results awaited from Iluka on mineral sands at Tripitaka where ADN's share is 185,000 tonnes of Zircon. Great parner at a great project.
Uranium assets are also top class.
ADN is poised to have a great run, for any one of a number of reasons. Sooner rather than later!
Good luck....
- Forums
- ASX - By Stock
- ADN
- massively undervalued......
massively undervalued......
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 3260835 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2248671 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 3260835 | 0.016 |
24 | 9252053 | 0.015 |
14 | 2642477 | 0.014 |
6 | 2433923 | 0.013 |
4 | 1541667 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2248671 | 9 |
0.018 | 2682628 | 8 |
0.019 | 3659762 | 9 |
0.020 | 1693444 | 14 |
0.021 | 1350000 | 2 |
Last trade - 10.50am 09/07/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |
Day chart unavailable