Australian (ASX) Stock Market Forum

ADD - Adavale Resources

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very interesting. into new ground and friday close to come......

anyone got something theyd like to ad to this one??

hold a small parcel for now. bought @ 0.053.
 

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Re: pkt

out today @ 0.059. may regret this i feel! still....stick to the plan. no volume confirmation + weak close = profit target
 
Re: PKT - PocketMail Group

New ground? Blue skies? You see my point, still a long way to go.

Cheers,
 

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Re: PKT - PocketMail Group

wow nasty downside on that chart canak :) course i see your point to which i have already explained in the other thread. pls tell me you have risk management in your trading now that would have got you out before that giant candle...? the signs were there on a technical basis, and no fundamental analysis would have suggested a holding position (in most of the tech stocks at the time for that matter!)

somethin bringin on a change though...? these guys really did not interest me for anything more than a quick buck around the hype back on recent breakout. yes i admit not all time high but high for years still pretty bullish. anyway i was out long ago. prefer commods

thanks for your comment canak. sometimes we get lazy and i did not look back. will maybe save me some dollars in the future :):)
 
Re: PKT - PocketMail Group

Thier business activities as listed on the ASX supposedly are
Delivery of a number of mobile communications across a number of products including mobile e-mail devices and GSM mobile phones.

However, they picked up Adavale Minerals/Resources recently and have some uranuim interests
 
Re: PKT - PocketMail Group

New info on PKT, my source tells me they are keenly chasing U deposits a short distance from Olympic Dam, SA, they have acquired the necessary drilling equipment, and is just underway. Interestingly Macquarie Bank have just come on board with this one, and i think directors family have increased holding, so must have something going for it. Maybe a sleeper due to the fact Pocketmail doesnt exactly scream Uranium, but rebranding is assured in which time it may come more into the spotlight. Currently trading at 8 cents
 
Re: PKT - PocketMail Group

Big moves on this today. Results out in 4 weeks. People getting in early by the looks. Touched .097 before finishing at .091, up 18.5%.
 
Re: PKT - PocketMail Group

Big moves on this today. Results out in 4 weeks. People getting in early by the looks. Touched .097 before finishing at .091, up 18.5%.

Call me cynical, but they obviously don't waste their cash on info for shareholders on their website
 
Re: PKT - PocketMail Group

It's worth an in depth look greeny. There are some big names behind this. Holloman are Texans and they are no smallfry. They seem to be moving into aus in a major way.
 
Re: PKT - PocketMail Group

try www.adavaleresources.com.au this site will give you more info about the company.good luck to all holders.D.Y.O.R

Doesn't seem to be much info on the directors of the company apart from their names. I would have liked to read what experience they have in this new area.

I'm new to this, but going from a portable e-mail services and devices company to uranium exploration seems a little bit ridiculous? Have they hired new directors who are experienced in the area? What is going on?

:confused:
 
Re: PKT - PocketMail Group

pocketmail(adavale resources) today announced a share placement of 50 mill shares @7.5 cents pre consolidation by crosby corporate finance.we should finally see some action coming our way.current price 5.6 cents
good luck to all holders d.y.o.r
 
Re: PKT - PocketMail Group

Thats a 30% premium on todays price.
Why would Crosby And Diawa pay that ?
Obviously they know more than we do at the moment.
Could be an interesting few weeks ahead of us.
 
Re: PKT - PocketMail Group

Now changed to ADD (Adavale Resources) and consolidated 3:1.

It's the first day back on the market and it's not getting much attention at all. Unlucky day to come back online and be shadowed by the AORD up 3.5%+ (at 2pm)

Crosby and Daiwa also threw in an extra million during the capital raising above what they said they were going to.
 
Any one know anything new about Adavale? They seem to be quiet on their previous uranium announcements and now talking copper... :confused:
 
Nothing of any great significance has happened with Adavale for a while, considering the last post on ASF was 2008!

But I think the recent Ann announcing ADD’s application for Kabanga North and Kabanga North East has woken her up.

The whole board got replaced last month and Peter actually lives over in Tanzania so lets see what happens. $5m market cap at present, lets see what the MC is once they start identifying targets.
 
Yes are are right this has definitely attracted some interest.

I notice that the last 2 days of volume are very close which I found curious.

9/01 = 1,962,334
10/01 = 1,958,820
Has anyone else taken a punt on this one. Pretty risky but rising sharply on very low volume.
 
Used to keep a lazy eye on this little battler.

Lots of fun and games being played recently.

They had $131,000 left in the kitty, post cap raise in April:eek:

Major Shareholder putting pressure on the Board. Directors resigning left right and centre.

Company tries to issue shares at a giveaway price to stop the Major S/H getting his wishes

Takeovers Panel gets involved and the proposed share issue has now been withdrawn.

So in a nutshell .... Bugger all money. Unhappy Shareholders. Unhappy B/O Directors.

And the share price spikes over 90% today:rolleyes:o_O

Who said trading specs is hard:eek::D
 
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