Best stay away for a month or so until all the shares from the capital raising have been sold off.
ADN will linger at 0.006 for the next little while, looking deeper at the company, I really can’t see much happening for the rest of the year with their low cash balance anncoument wise to pump the share price.
Also, mining stocks in general are very bearish right now, towards the end of this year / early next year I see a lot of the bigger lithium miners KDR & PLS bottoming out before the next phase of the up trend.
Take at look at;
- IMA, mineral sands operation with an IRR of 135% and a payback period of 13 months.
- G1A, long life and high margin lead and silver operation, CAPEX $153 million and a payback period of 18 months. - this company’s world class project is adjecent to Sandfire’s Degrussa mine. Also because the lead grade is so high, virtually all the silver mined is 100 % profit.
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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) ? |
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ADN (ASX) Chart |