If it dips under 1c I will be buying viciously. We're currently trading at 1.1-1.0c ex-rights - fully diluted 1.0c gives us a MC about $10m. I've been screaming the peer comparison for days! I even think ADN's ground is better than EYM's.
The main reason for ADN being held back IMO is management's relatively conservative approach. I can understand it, management is looking after the company's long-term interests rather than orchestrating a pump. When the market catches on as the Pilbara story becomes even more developed I think we can expect even higher prices than 5.6c.
That's a bullish scenario. In these markets, all boats will rise, but I see the most value in ADN.
IMO though, IPT is a different class; in the same area as KAI, I think it'll rerate sooner. These southern Pilbara plays will take a little longer to wind up (though EYM is proving that wrong).
- Forums
- ASX - By Stock
- peer comparison
If it dips under 1c I will be buying viciously. We're currently...
-
- There are more pages in this discussion • 113 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
|
|||||
Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.5¢ | $56.04K | 3.534M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 67044 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2945887 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1000 | 0.016 |
38 | 10074219 | 0.015 |
12 | 2236049 | 0.014 |
7 | 2633923 | 0.013 |
6 | 1655833 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2945887 | 9 |
0.018 | 2862774 | 9 |
0.019 | 3659762 | 9 |
0.020 | 1653444 | 13 |
0.021 | 1350000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |