ADN 6.25% 1.7¢ andromeda metals limited

Thanks newregime - thats a good report/ summation.So I read the...

  1. 57 Posts.
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    Thanks newregime - thats a good report/ summation.
    So I read the report as a positive report to shareholders and also a notice that shares will rise.
    Shows that the company will not initiate a share price consolidation - which benefits share holders and investors.
    At 0.16 the company value will be around $560 million.
    Likely that share price dilution for plant build investment at 0.045 will be an additional 1 Billion shares. At 0.16 will be an additional 250 million shares.
    My take on this is wether its an additional 250 million or 1 billion shares - it doesnt really matter.
    Momentum with cash in the bank to build a plant is what matters.
    It looks likely that further Offtake agreements will come.
    Onwards.
 
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