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....
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Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $12.99K | 1.649M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
76 | 29063902 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 16535467 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
76 | 29063902 | 0.007 |
56 | 24730155 | 0.006 |
27 | 15930122 | 0.005 |
8 | 10525000 | 0.004 |
6 | 19278333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 16535467 | 29 |
0.009 | 14828752 | 13 |
0.010 | 7769819 | 10 |
0.011 | 14346522 | 7 |
0.012 | 13445921 | 6 |
Last trade - 12.30pm 30/09/2024 (20 minute delay) ? |
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