ADY - Admiralty Resources

[Rapide3]

I'm delighted to see ADY finally breaking through again, I too enjoyed taking the profits 2 years ago, jumping out at .23. I bought back in at .14 almost 20 months ago and have watched them hover around the .09 for far too long. The past few weeks have been confidence boosting and it's finally looking rosy again. Congrats to those who have stayed with them.

As an unexperienced investor what's the next move, take the profit or keep holding on for more news on Rincon Salar. Does anyone know what the timeframe is on this project and does anyone have a view on target prices ? Bel, Rub, i'd value your comments.

 

[ricm]

Im with you guys, this has put a smile on my face since it broke the 12c barrier a while back ...but i must admit chart is starting to look a bit toppy to me...with the markets running as they are... I will hold on 4 a little longer... curious to see how far it can run, and whether it hits it long term high of 25c.

Proved now that they can carry through on their deals, but the real proof of their mettle will be when they start to produce both iron ore and most lucratively, lithium.

Good luck to all holders.

 

[bvbfan]

I'm still holding some from 12c area, sold some at 20c so average is 4.5c on the rest.
I'm really only interested in the lithium so hoping it will pull back once the iron ore announcement news dies down.

Still have a few issues/concerns with management

 

[rub92me]

Short term, I wouldn't be surprised to see a retrace after having a run of 50% in two weeks. So If you want to take some money off the table now, that is fair enough. I bought this with a 5 year horizon in 2006 and am happy to keep holding. Don't know where the price will be 4 years from now, but long term prospects with Rincon Salar are looking good. Keep your eyes out for a new estimate of Lithium resources. An earlier announcement quite a while back hinted that it could be more than 3 times than originally throught. Now wouldn't that be nice?

 

[Rapide3]

Thanks for your comments and thoughts.

I've heard some negatives about the management too but as long as the prices keep going up I suppose ethics will take a back-seat.
Quote:
"Still have a few issues/concerns with management" bvbfan

Anyway, still holding and figure that Rincon Salar will make a sizable difference when it eventuates.

Good luck and keep playing the game.

 

[rub92me]

Looks like some serious selling off has finally started now, a bit later than I anticipated. A week or so will tell us where the new support is I suppose. I would be happy with consolidation at 20-22 cents.

 

[barney]

Looks like some serious selling off has finally started now, a bit later than I anticipated. A week or so will tell us where the new support is I suppose. I would be happy with consolidation at 20-22 cents.

Support ended up at 19.5 cents, but looks to be on the move again. Volume 28 million today already ................... A little bit of green in a sea of red.

 

[Lachlan6]

Just bought in at 23.5. An absolutely cracking chart pattern, will post when Big charts updates itself.

 

[rub92me]

It started to turn last week, and good to see the follow through today. ADY only tends to move up with big volumes, and sometimes the volume stops abruptly just when you think it goes for a runner. The next couple of days will be interesting to see if we get a serious attempt to bring down the 25 cents barrier.

 

[Lachlan6]

Yes the reason I bought into this one (have been watching it closely for a while) was due to one of my favourite set ups being triggered today. It has just completed a classic double bottom pattern close to the 38.2% level of support from the Sep 2006 to April of this year's range. In fact it did not even retrace this far, only around 33%, a very bullish signal that this is a very healthy trend. Also this current spurt is being very well supported by volume and the OBV is looking spot on as well, meaning the insto's are in on this one too. Looks as though a Wave 5 has begun and look for much higher levels in this stock IMO.

 

[sanish]

Been in this for a LONG time. i.e sub 3c.

True only really moves when all cards line up and the factions agree on timing.

Selldown for OPTIONS conversion appears to be complete so i guess we will see them exercised soon to supply $$$ needed for expansion.

Looking forward to the next 12 months.

 

[lioness]

Yes the reason I bought into this one (have been watching it closely for a while) was due to one of my favourite set ups being triggered today. It has just completed a classic double bottom pattern close to the 38.2% level of support from the Sep 2006 to April of this year's range. In fact it did not even retrace this far, only around 33%, a very bullish signal that this is a very healthy trend. Also this current spurt is being very well supported by volume and the OBV is looking spot on as well, meaning the insto's are in on this one too. Looks as though a Wave 5 has begun and look for much higher levels in this stock IMO.

Hi Lachlan,

Once it breaks its 25.5 previous high what price target can we put on this?

In other words I know it will be in blue sky territory but what prediction can we make???

 

[Lachlan6]

Gday Lioness. It can be a little hard to put targets on these smaller plays and when I purchase some I just trail my stop up and dont really look at a target. This in my opinion is showing a great set up on the chart's however may have a little trouble at 25-25.5 before its next leg up. May only be a few days who knows. In terms of target's looking from a wave extension point of view of the range I mentioned in the above chart, the first target may be around 28-30c, and it may show some resistance around here. Or another target may be the 100% extension of the range giving us around 38c, before it may retrace a little for its next leg up. From there, look at 44 then 49c as possible resistance points.

Exciting times ahead for (ADY). I placed my initial stop below the recent action at 19c.

 

[rub92me]

Looking at the preopen this should gap up at 25 or 25.5 cents. Hopefully plenty of volume to follow today and we'll have a real break on our hands. Wouldn't surprise me if it peters out though, it has done that before as well. Today will tell the story whether we have a real re-rating of ADY.

 

[barney]

Looking at the preopen this should gap up at 25 or 25.5 cents. Hopefully plenty of volume to follow today and we'll have a real break on our hands. Wouldn't surprise me if it peters out though, it has done that before as well. Today will tell the story whether we have a real re-rating of ADY.

Howdy Rubberman, It often does peter out, but this run is looking promising. I know you've been holding for a while, and would agree that this company has some great projects running and some serious potential. Regardless of where this leg up finishes, I think we will see ADY with some steady increases over the next few months. Long overdue imo.

 

[rub92me]

Disappointing finish on the low of the day of 25.5 cents and below the gap-up at 26 cents. A lot of volume, but hardly any gains made. Lots of daytraders jumping the gun on this today. Probably now needs to fill the gap at 25 cents before it moves any further.

 

[barney]

Disappointing finish on the low of the day of 25.5 cents and below the gap-up at 26 cents. A lot of volume, but hardly any gains made. Lots of daytraders jumping the gun on this today. Probably now needs to fill the gap at 25 cents before it moves any further.

Agree R, it was a bit disappointing, but then again, the general market pretty much finished lacklustre .................. If it consolidates above the 24.5 cent area in the short term on good volume, I think that will be a good base for the next series of leg ups ............... At the very least, ADY has out performed the market by a long way over the last couple of days, which is a good sign for the future ............... This company has a lot to offer for medium/longer term holders imo. Time will tell.

 

[lioness]

Disappointing finish on the low of the day of 25.5 cents and below the gap-up at 26 cents. A lot of volume, but hardly any gains made. Lots of daytraders jumping the gun on this today. Probably now needs to fill the gap at 25 cents before it moves any further.

Yes, spot on rubberdog, it needs to touch 25 to close the gap. It will do this tomorrow and then consolidate for a few days before moving again.

 

[rub92me]

Great price action today for ADY - closing near the high of the day at an all time high close price on decent volume. Next week will be interesting: this should attract some more 'breakout traders' now to give it a further boost.

 

[lioness]

Great price action today for ADY - closing near the high of the day at an all time high close price on decent volume. Next week will be interesting: this should attract some more 'breakout traders' now to give it a further boost.

Rub me

I have a breakout next target of 32.5 before it takes a breather.

Do you think it will retrace back to 26 support??

It is is extreme overbought position on the RSI which may contain it.