ADY - Admiralty Resources

[roland]

Unusually large volume spike today. Maybe a rub off of the euphoria of the Chilean rescue in that part of the world???

 

[Anmar]

Unusually large volume spike today. Maybe a rub off of the euphoria of the Chilean rescue in that part of the world???

ADY has certainly put on some upward trend in the last few days.

View attachment Minerals Daily.xls

 

[greggles]

After crashing spectacularly in 2008, Admiralty Resources largely fell off the radar of traders and continued its slide towards oblivion. However, very recently it has been showing some signs of life.

For the last 18 months the company has been working its way through the approvals process on the Mariposa iron ore project in Chile. On 11 April ADY announced that it has now completed the full approvals process, putting the company in a position to commence mining works on the site.

Any ADY followers from a decade ago think there is any hope of a resurrection here?

 

[barney]

LOL …. funny should ask that question @greggles whether there are any ex-ADY-ers still around as I mentioned in the Risers thread that I used to own a few …. Lost a bit and won a bit trading them

Anyway, they came up on the radar again today so I thought I should check ….

Now I don't want to appear cynical or god forbid, racist, … but Ive lost quite a few dollars on stocks which are infiltrated with foreign directors

ADY have very little cash left in the coffers but have managed a 38% SP rise today …

We all know Specs often follow no rules so there may be something in the pipeline that we aren't aware of …… however, as they say on Shark Tank … "I'm out"

 

[greggles]

ADY coming up on my radar again. Volume and share price creeping up slowly after months of trading sideways. Something afoot?

 

[debtfree]

I've picked ADY for the April Monthly Comp. It's certainly moving in the right direction of late as @greggles has pointed out above, up over 90% this year and over 50% last month.

A reasonable target if it continues on it's way is it's previous high of 0.033 (43%) or my wish target, top of the bar back in Sept 20 of 0.075 (226%) I'll settle for anything in between.