Hello. In this topic, I will make my personal investment case for ADN (for the purpose of also seeking feedback from knowledge posters with substantiated/informed commercial views). I am new to ADN and I am not intimate with its history; apart from being aware in the past ADN was significantly overvalued & the subject of a lot of unproven speculative hype. Currently the ADN market cap is a tiny $22M (at 0.6 cents per share with 3,513,832,214 shares and employee/performance rights on issue) for a company that has what appears to be a valuable commercial resource and a relatively low CAPEX proposition.
Please kindly do not reply to this topic until i complete my first 3 posts.
DISCLAIMER ABOUT RISK. IT APPEARS ADN PROPOSES TO PRODUCE & SELL VARIOUS KAOLIN PRODUCTS, WHICH ARE SUBJECT TO OPAQUE/NON-TRANSPARENT MARKETS & PRICING. IN OTHER WORDS, WE APPEAR UNABLE TO FIND MARKET PRICES FOR THE PROPOSED PRODUCTS THEREFORE WE MUST TRUST WHAT ADN IS INFORMING THE MARKET. THIS IS AN INHERENT & PRIMARY RISK.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.96M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $72.07K | 6.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3959491 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6776671 | 13 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| ADN (ASX) Chart |