ADN - Andromeda Metals

[Garpal Gumnut]

Funny you should bring this up
Small punt working out
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Well done.

I lost patience with it and sold out at 0.19 yesterday.

gg

 

[tinhat]

Well, the giggles arrived today.

A Friday P & D special, or signs of what's to come.
If you had to put a short to medium term target guess on this one Tinhat, might I ask what it would be? Cheers.
View attachment 114593

Mate in my ideal world, nothing is short-term. I bought this at $0.05. I'm not smart. I get my info from others. In this case I believe it was the share cafe hidden gems webinar.

The only wisdom I can offer is what I have learnt from others who have posted here over many years. Take a calculated punt but bail out of your losers early and let your winners run. Trust me, I've made a lot of money lately and I want to see koala habitat protected before anything else quite frankly.

 

[Garpal Gumnut]

In a trading halt.

 

[Jack Aubrey]

In a trading halt.

This halt related to a legacy gold project where the managing partner (LSE listed Cobra Resources) announced some encouraging assay results for a project on the western side of the Eyre Peninsula. In the bigger scheme of things, this meant little for the ADN SP, which continues to hover around the .24/,25 level on declining volumes. Further announcements are not expected before Feb/March (DFS and/or lodgement of mining application) but if there are binding offtakes for ceramic or cement grade HK OR positive news about the Carbon Capture and Storage HNT Pilot Plant, the share price could make new highs before then. Current MC is around $500M which pretty much reflects the (appropriately discounted) NPV revealed in the PFS.

I'm holding tight to my ADN.

 

[bux2000]

ADN doing a bit of a breakout today

bux

 

[Dona Ferentes]

ADN doing a bit of a breakout today

nice ... 5c to 37c in half a year

 

[charlsie]

i would love to know why the breakout occurred, in lockstep with MEP that owns 25% of their jv. There's been no announcements and the largest volume day since November. Maybe the drilling at Mt Hope has found something. I hold

 

[Dona Ferentes]

My watchlist

going to be a winner or 2 amongst them

(edit: added Zeotech ZEO this week)

 

[Jack Aubrey]

i would love to know why the breakout occurred, in lockstep with MEP that owns 25% of their jv. There's been no announcements and the largest volume day since November. Maybe the drilling at Mt Hope has found something. I hold

A bit of a mystery as to why today, but bots capping the price seemed to disappear after lunch and lines just got wiped. ASX300 is re-balanced tomorrow and ADN is close (but not guaranteed). Company has promised announcements on BOAs and patents very soon - possibly next week. I also hold ADN.

 

[charlsie]

My watchlist

going to be a winner or 2 amongst them

i really hope so dona, as i hold 3 of those in your watchlist, and as they say 2 out of three aint bad. though LRS could do with some help atm

 

[Sean K]

Looks like a decent breakout. Not sure if it'd be based on Mount Hope drilling as it only started a few days ago.

What's the current resource look like compared to any others out there?

Well done to anyone who had this at 5c. Impressive six months.

 

[Sean K]

Had a few good days leading to a trading halt for this ann. Sounds pretty positive for ADN.

 

[Sean K]

ADN broke up pretty well a few days ago and then sellers took over. Will be interesting to see if it holds this support line. No idea of the fundamentals on this, it's a mystery to me.

 

[Jack Aubrey]

I hold ADN.

It entered the All Ords this week and there was huge volume last friday at around .40 - also an announcement of ADN's first Binding Offtake Agreement (for ceramics-grade kaolin to a Japanese manufacturer) which seemed to excite both the up- and down-rampers on social media and forums.

That may help explain the fall this week and there have been lots of apparent bot trades for the past three days. Profit-taking and shorters may also be driving the SP down.

On the fundamentals side, there are several more announcements likely before the DFS for the "Great White" project is released next quarter. Lots of speculation around and some (very) silly commentary on company valuations based on the one project and the one announced offtake. I'm in this for the longer haul - at least until mining starts next year.

 

[rnr]

ADN broke up pretty well a few days ago and then sellers took over. Will be interesting to see if it holds this support line. No idea of the fundamentals on this, it's a mystery to me.

View attachment 121811

The low of 33¢ was rejected today so a push higher tomorrow is certainly a possibility.

I do not hold ADN, Cheers Rob

 

[Dona Ferentes]

Minotaur Exploration (MEP) and Andromeda Metals (joint owners of Natural Nanotech Pty Ltd) have signed a $4 million research partnership with the University of Newcastle's Global Innovative Centre for Advanced Nanomaterials (GICAN).

The partnership will advance research into carbon dioxide capture through the use of halloysite nanotubes as novel adsorbent systems and catalysts for CO2 capture and conversion processes.

Further details can be found at: newcastle.edu.au/newsroom/featured/4-million-partnership-carbon

Also, a 2,300 metre aircore drilling program has commenced at the Great White Deposit, located on the Eyre Peninsula of South Australia.

both MEP and ADN are up about 10% (but still well off March highs, by about 50%)

 

[Sean K]

These guys halved in price the past few months. Looked pretty dire. Might have shaken a lot of punters out.

Broken up this am on the back of this off-take agreement.

 

[Jack Aubrey]

Nice announcement - more than 50% of predicted Y1 production now committed through two BOAs (70kt+5kt sold of 116kt projected total). This is before DFS is released this month and finance for CAPEX announced/raised. They start scraping dirt on 2/2/22 if mining licence is granted (expected in October and low risk of not getting it).

Despite the recent drop (shorters?), this remains by far my biggest and most successful buy.

 

[charlsie]

These guys halved in price the past few months. Looked pretty dire. Might have shaken a lot of punters out.

it's all in the eye of the beholder kennas. it certainly doesn't look dire to me. At 40cents the price looked unsustainable. a pull back was always on the cards and i was selling into it. It will take a bit more to shake Jack and I out of this tree. I'm guessing the only punters that are out are the ones who jumped on the bandwagon last november

 

[finicky]

Hope ADN fans have also given MEP a look over since it has 25% of the Kaolin project. MEP haven't inflated share issuance to the multiple that ADN has and MEP has support of OZL for other project(s).
I hold neither.

12 month Dly comparative