ADN 2.00% 5.1¢ andromeda metals limited

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  1. 1,289 Posts.
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    Hello Gatorbait, good to hear from you. And thanks, I am here because of you.

    Etrade allows me to compare graphs and what concerns me about ADN is that it has outperformed many companies on the ASX. That would great except that ADN has nothing to justify this except one drill hole drilled on the boundary of someone elses deposit and is possibly recalcitrant at releasing data. It might come good, but to me its a nice short married hedged against WGR as a buy. ADN has the potential to become another ENT in terms of SP but without the projects.

    As you know, credit is tight right now and I think that about 90% of Australian juniors with mineral resources will not be able to develop them in the near future and its worse for exploration companies. Decent resources will be seized by cash rich majors like BHP, China, Brazil.

    Many Australian resource stocks are currently overpriced on an international level. If you like copper, look at NOM (TSX-V).

    Just keeping in touch. Good luck to you with your investments.

    Please do your own research.

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Mkt cap ! $78.25M
Open High Low Value Volume
5.1¢ 5.2¢ 5.0¢ $101.1K 2.003M

Buyers (Bids)

No. Vol. Price($)
28 1787324 5.0¢

Sellers (Offers)

Price($) Vol. No.
5.1¢ 156288 3
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Last trade - 15.01pm 08/07/2020 (20 minute delay) ?
0.001 ( 2.00 %)
Open High Low Volume
5.1¢ 5.2¢ 5.0¢ 396667
Last updated 15.51pm 08/07/2020 (live) ?
ADN (ASX) Chart
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