ADY - Admiralty Resources

[rwkni1]

I'm pretty sure the capex for Rincon Salar (around $110m) is going to be entirely financed through debt. Although some cash may be needed for the Chile port construction which could be an excuse for a raising.

 

[GOSAFAS]

I have bought quite a few more of these and MY PURCHASE ASIDE I truly believe that this is dirt cheap at 50c a share. While I dont advise or want to be seen to advise anybody to buy this stock, for me this is a huge opportunity.

 

[kerosam]

i m keeping an eye on this one. probably after the 'market noise' clears.

who knows? i might miss the boat...

 

[EZZA]

hey guys,

i know the market has been pulling back lately but not sure why ady pulling back so much just after announcemnt of increasing stake of cia minera barbara. if anything would of thought this would have made the stock out up a little more not so much pullback 10%.

is 0.50 mark a good entry point, think i'll be trying to pick it up around this level.

 

[Sean K]

hey guys,

i know the market has been pulling back lately but not sure why ady pulling back so much just after announcemnt of increasing stake of cia minera barbara. if anything would of thought this would have made the stock out up a little more not so much pullback 10%.

is 0.50 mark a good entry point, think i'll be trying to pick it up around this level.

Hi EZZA, welcome aboard.

I'm not sure about the last ann but I was surprised by the pullback after the Rincon Lithium upgrade. $44b in the ground! What the? Must be some skepticism in it perhaps.

As far as TA goes, this was a good breakout in late June, on vol, and powered on. Some healthy consolidation in mid Jul before woosh! I now have support between 40 and 45, if it does pull back that far. The DOW is off about a million points at the moment, so wouldn't be surprised to see everything take a break tomorrow.

 

[Caliente]

Hi excuse my ignorance, but how much is each mtpa per annum production of iron worth?

ADY as I see it have this 60% controlling stake in SantaBarbara to 1.2mtpa and moving up to 3.9mtpa and then towards 7.2mtpa if I've read the announcements correctly.


edit - from the annoucnement... The environmental permits have been issued to mine iron ore from the
tenements Japonesita, Mirador & Primavera and Mariposa areas increasing permitted
production to 3.9m tonnes per annum. In revenue terms at an FOB price of $43 per tonne,
this means the Santa Barbara mines will be capable of producing revenues of $167m per
annum.

Questions... what does FOB mean? and is the revenue a profit of 167m/annum or total gross revenue?

Cheers
-Cali

 

[macca]

FOB usually means the buyer pays the shipping freight, so that price is what the producer get paid at the wharf.

Macca

 

[Lachlan6]

Whole market obviously down quite a bit today. However ADY not performing too badly. Some real value starting to lure investors back. I have posted a chart in what I think may eventuate. We have possible (and in this current market I stress Possible) support starting now at these levels. If not may refill the gap formed earlier this month. Albeit, my stop is placed currently underneath the recent low at $0.36. Notice volume on these down days not as much as when it was marked up a great deal recently. A good sign.

 

[kerosam]

got hit today at 43.5cts... so i'm in the game, boys! but still not confident with the massive sell last three days. hope its just a correction... fingers cross.

 

[EZZA]

Hi EZZA, welcome aboard.

I'm not sure about the last ann but I was surprised by the pullback after the Rincon Lithium upgrade. $44b in the ground! What the? Must be some skepticism in it perhaps.

As far as TA goes, this was a good breakout in late June, on vol, and powered on. Some healthy consolidation in mid Jul before woosh! I now have support between 40 and 45, if it does pull back that far. The DOW is off about a million points at the moment, so wouldn't be surprised to see everything take a break tomorrow.

Thanks Kennas for your input, saw them dip to 43.5 c and picked them up at 44c today. bought 4k worth today, already have a fair bit in small caps would've ideally liked to have bought more though.

would be expecting this one to ramp up again, once market sentiment picks up again. rest of my portfolio got smashed today though, still up overall so no probs here. how long you intending to hold this one, or you looking to trade this one.

 

[vvguru]

http://crazyjimsmith.blogspot.com/2007/07/admiralty-resources-ady-keeps-falling.html

here is the link to explain the massive sellout. make sense to me. hold your faith.

 

[countryboy]

put an order in at 44c late friday that i am going to pull after the sell off on the Dow last night...at this rate i may buy back in below 40c what a bargain !

 

[u235]

my frist post
any ideas on when will ady recover ? i jumped on after it fall back on 0.545 the day before the halt , thought i'd be sitting on a nice profit by now, oh well lesson learned. but my biggest problem is my cash is tied up some where else
hence that i'm late for the settlement with commsec,im no day trader, other wise i would have paniced and sold my parcel on thursday.it just someting came up and my cash is tid up .i've got to sell it soon or commsec will do it for me anyway ,still not panicing yet ? or should i ? :confused

 

[gfresh]

I'd expect some further reasonable falls before it picks up. Will be at 30 "something" next week I am guesstimating.

While there was some brief support at $0.45, I don't think it will hold monday due to the yesterday's further US drop.. which means the next one is around $0.37. Not sure how strong that one is either really, with lack of volume there.

My is it'll settle somewhere 30-35c next week, going on current conditions.

 

[AussiePaul72]

my frist post
any ideas on when will ady recover ? i jumped on after it fall back on 0.545 the day before the halt , thought i'd be sitting on a nice profit by now, oh well lesson learned. but my biggest problem is my cash is tied up some where else
hence that i'm late for the settlement with commsec,im no day trader, other wise i would have paniced and sold my parcel on thursday.it just someting came up and my cash is tid up .i've got to sell it soon or commsec will do it for me anyway ,still not panicing yet ? or should i ? :confused

I know exactly what you are going through U235! I bought in at 0.545 aswell. Not sure what your timeline is but don't panic too much. I think this has got the makings of a great long term stock (fundamentals are very promising), its just giving us some grey hairs while it sorts itself out!! I'm hanging in there for a very simple season .... a company with these fundamentals has to turn around soon and reflect it in the SP

 

[Sean K]

how long you intending to hold this one, or you looking to trade this one.

EZZA, not holding and not planning to buy anything till the dust settles. I have been selling and shorted some stocks on Friday. Will probably put a couple more on your Monday, although I wouldn't be surprised with a dead cat in the US on Monday night and then our Tuesday. Just a pluck though, depends on what other scarey news comes out between now and then.

 

[nizar]

EZZA, not holding and not planning to buy anything till the dust settles. I have been selling and shorted some stocks on Friday. Will probably put a couple more on your Monday, although I wouldn't be surprised with a dead cat in the US on Monday night and then our Tuesday. Just a pluck though, depends on what other scarey news comes out between now and then.

In all honesty i (and several others) expected the dead cat bounce on friday night, which also explains why many of our speccies were bought up before fridays ASX close. Many of my stocks closed well above their lows and most on white candles.

 

[EZZA]

i reckon ady might of seen the worst of it, hovering in the 50 c mark. some consolidation would be nice.

although a lot of volatility is expected over the coming month. up 6 cents so far since friday.

didn't realise that lithium would be a hot commodity, i knew iron ore was but lithium? interesting though.

cheers for now.

 

[GTBC]

i reckon ady might of seen the worst of it, hovering in the 50 c mark. some consolidation would be nice.

although a lot of volatility is expected over the coming month. up 6 cents so far since friday.

didn't realise that lithium would be a hot commodity, i knew iron ore was but lithium? interesting though.

cheers for now.

I believe the potash is the hot stuff aswell. As potash will be in high demand
later on the year or next year as agriculture will be the next popular topic with the demand of bio-fuels and wheet. Thats my thoughts.

 

[Knobby22]

Lithium is not rare. China are making it from sea water.
However the mine will produce it cheaply enough to make a nice profit.