ADN - Andromeda Metals

[barney]

Yes, ADN stuffed up earlier on the financials between PFS to DFS... CEO unloaded stocks at 7 cents

A lot of Director "action" as you point out @Miner

The chart is obviously ugly but the contrarian in me says,

It looks like the mother of all tree shakes as they come up to the next phase of operations.

If I had some spare cash I would be tempted to accumulate a handful over the next couple of months at 6 and under (if possible)

Won't be surprised to see a healthy dead cat bounce once the dust settles.

Could be totally wrong of course.

 

[Miner]

A lot of Director "action" as you point out @Miner

The chart is obviously ugly but the contrarian in me says,

It looks like the mother of all tree shakes as they come up to the next phase of operations.

If I had some spare cash I would be tempted to accumulate a handful over the next couple of months at 6 and under (if possible)

Won't be surprised to see a healthy dead cat bounce once the dust settles.

Could be totally wrong of course.

Thanks @barney
Could some one please provide or show me the tree to shake to get some money for ADN ?

Regards

 

[Captain_Chaza]

As requested, above
Can you see the trees?

 

[Miner]

As requested, above
Can you see the trees?
View attachment 146082

A real tree for a pirate like @Captain_Chaza to shake and not for a miner to shake

 

[Captain_Chaza]

A real tree for a pirate like @Captain_Chaza to shake and not for a miner to shake

I can only see the cat
Can you see the cat?

 

[barney]

I can only see the cat
Can you see the cat?

Lol .... I can see the cat.

But he is not bouncing at this stage

Therefore he is still alive.

I still think the poor pussy will likely die (and bounce accordingly) not too far down the track

Way too many people feeding that cat for him not to have at least one last feed of Whiskas

Of course, dissecting cat food is not everyone's cup of tea, lol.

 

[InsvestoBoy]

Wow.

 

[galumay]

Andrew has been warning about the fraud that is ADN for a long time. Another successful hot crapper based scam.

 

[barney]

Monthly comp pick. The chart is ugly, but you never know.

 

[barney]

Monthly comp pick. The chart is ugly, but you never know.

Lol ..... good start ... not.

I actually bought a few of these before this big drop so I have a small financial investment which is currently underwater. Nothing unusual when buying Specs of course

 

[frugal.rock]

Almost looking like it might take off...
Probably should consider above posts though...

 

[barney]

Almost looking like it might take off...

Don't remind me Rock!!

I think I am losing my "boules" as a I get older. I sold my ADN a while back (at a loss ... yet again!!, lol)

That loss would now be 50% in profit .... but I am apparently a soft-cook!!

Anyway .... Its Specland ... who knows really!.

 

[Dona Ferentes]

They say:

Andromeda is developing Australia’s first halloysite-kaolin mine.

“We are very excited to have received approval of the PEPR, as it brings Andromeda closer to becoming a globally significant producer of halloysite-kaolin products,” Andromeda managing director James Marsh said.

“With this important regulatory milestone now achieved, Andromeda is poised to progress towards construction, as we advance funding discussions which will enable a final investment decision.”

The site saw steady progress in the December quarter with the signing of a binding offtake agreement with IMCD, a global distributor of specialty chemicals and additives.

“We continued towards fulfilling our aim of becoming a halloysite-kaolin producer by progressing our flagship Great White project,” Marsh said.

But, does first mover advantage mean anything? There are lots of similar plays.

Likely to hoover more cash from all around. And just got tipped out of All Ordinaries. Three year chart ... imagine the dilution if you jumped in when the hype was happening!?

 

[Rockford66]

Andromeda announced late yesterday that it was cancelling a binding offtake. I think that what Andromeda are doing is getting rid of an unattractive contract and that the market price for kaolin products has gone up significantly over the past year, with the Ukraine war still underway and Ukraine supplies 25% global kaolin for ceramics and porcelain. A better deal likely now for Andromeda to sign up.

 

[houtman]

Wow.

That was an interesting read.

 

[frugal.rock]

Should properly rocket this week?
Check out the Friday announcement if interested.

 

[Dona Ferentes]

A4

 

[frugal.rock]

A4

 

[Dona Ferentes]

I was 9 !!

A for Andromeda is a British television science fiction drama serial first made and broadcast by the BBC in seven parts in 1961

 

[frugal.rock]

Chart update