Re: ADY
Manipulation mate!!! The bastards play ADY like a fiddle. I try and go with them when I am in front of the puter but generally just get your hopes on for nothing. One day though, it will smash through 15-16c and then keep going as the market over-reactions al la March. Unless good news is one the way, then its probably best to wait for the inevitable re-trace. Last news was not meet by a rise suggesting management now remains very tight lipped, unlike earlier in the year when it ran very hard!
Imho, a very good share to have a piece of.
I wouldn't read much into that $1.73 valuation. A bit of a long shot and from what I have heard, it did much more damage than good. A one of their presentations the methods used where criticised for which management had no very much to say in their defence. Anyway, that’s beyond us now!
Iron Ore for between 1.5-3Mt p/a will begin ramping up to production anytime now from Sep - October. Lets hope the plant arrives tomorrow! Contract in place and Phil said he would be trying to maximise value by selling on the spot market when and where possible.
A few good sites to look at, hopefully Joe doesn't mind:
www.topstocks.com.au - Phil Thomas, MD, under 'CEO Spotlight' uncovering a lot of good information.
Some good research also done on SS.
Rincon should be producing this time next year and has contracts in place for minor products. Lithium contracts have been rumoured to be around the corner.
Hope this helps your decision. If I were in your shoes, I pick up a few at these prices just in case, but what for it to drop eventually on no news.
Cheers
James