ADS - ADV Group

Correction,

there is currently an active thread for CGA Mining buried several pages back, I recommend you check it out.

Cheers!
jman2007

9 million shares turned over today

5 million shares crossed at 27c

Closed at 28.5c

It would appear a seller has been removed and someone had $1.35m+ to spend on an emerging copper/gold play

We have another 'believer' it appears...

Yes I saw the trade volumes myself, although did not check the order status during the day, obviously some massive orders were going through though. Conceivable that this might strike some resistance at 30c however.

Have just printed out their Annual report so will head home now and digest it tonight, if there are any juicy tit-bits I'll be sure to share them on this thread!

jman2007

BSD said:

9 million shares turned over today

5 million shares crossed at 27c

Closed at 28.5c

It would appear a seller has been removed and someone had $1.35m+ to spend on an emerging copper/gold play

We have another 'believer' it appears...

Click to expand...

A couple of points re the upcoming extraordinary GM...

Basically this will be focussing on trying to get shareholder approval over the acquisistion of Vertex Group Middle East and the issue of another 382M shares and 40M options under the acquistion agreement.

Given that ADV Group already have 309M ordinary shares on issue, wouldn't the issue of another 382M seriously diliute the capital structure of the company (as raised by BDO Kendalls, the independent experts overseeing the acquisition)? Also, Kendalls commented that since Vertex are solely responsible for funding Bariq, this could place additional strain on ADV during the development phase.

Thoughts?....