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....
massively undervalued......
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $48.20M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.5¢ | $19.51K | 1.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 9935016 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 294672 | 4 |
View Market Depth
| Last trade - 14.37pm 11/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |