More likely is that Merillls is acting as custodian/prime broker for some other institution or fund manger.
Is Merrill Lynch (recent buyer became a substantial shareholder 8.5%) also on behalf of other investors? I am bit confused as I am new.
From Sept 10 to Oct 26, Merrill Lynch bought total 78,900,000 shares for a total of A$41,248,000 (average price was $0.52 per share). Today's close price was at $0.48 which was at recent support level. From this analysis, my opinion is that ADY is a good buy. Merrill Lynch must be confident in ADY.
Anyone give any suggestions, please? I am learning.
Retreat yesterday was on relatively low volume, but generally I agree with you. Look what happened in August, with ADY diving with the rest of the market. I got lucky and managed to get some more at 20 cents, but even if you would have bought at 30-35 cents you would be sitting pretty now. If prices were to get hammered that low again then I would consider buying a bit more if I have the cash.Todays price is in response to the DOW which is to be expected as ADY is heavily traded by day traders. More bad news from the US may mean ADY is an even better buy some time later this month
Guidance provided by ADY was that the valuation would be a complex exercise and would be completed after Christmas. Demerger is planned for February/March next year. So unlikely to hear anything more on this this year I'm afraid, unless they give us an unexpected Christmas present by completing it earlier than plannedso much for finding strength at 50c its back at 45c. When will there be more news about the demerger such as expected price for new entity again?
Anyone think there is any particular reason for the continuous drop in the share price of ADY recently it just seems to lose a few percent everyday
Sorry, but that theory doesn't make any logical sense to me. Why would you be selling in a thin market, therefore bringing down the share price if you have options to convert that will be worth less as a result of that??i have noticed that some people on another forum have been suggesting that it seems like someone is selling big to fund their option buying that is due by today!!
Sorry, but that theory doesn't make any logical sense to me. Why would you be selling in a thin market, therefore bringing down the share price if you have options to convert that will be worth less as a result of that??
Sorry to see you go as a holder roland; I think it is worth holding to at least the demerger details are clear. Personally I'll hold beyond that, but may sell some of the post merger iron ore ADY shares to convert to the Lithium shares. All depends on how they split it.
Sorry, but that theory doesn't make any logical sense to me. Why would you be selling in a thin market, therefore bringing down the share price if you have options to convert that will be worth less as a result of that??
Sorry to see you go as a holder roland; I think it is worth holding to at least the demerger details are clear. Personally I'll hold beyond that, but may sell some of the post merger iron ore ADY shares to convert to the Lithium shares. All depends on how they split it.
what was today about? can anyone tell me what happened?
ADY put out the best announcement i have read for a while and the SP drops by 4% after having gone up to .52
Hmmmmm, they have EIA for the life of the life of the project; confidence in the long-term nature of the project to go out to tender; the plant is operating ahead of schedule, etc., etc.,
Roland - here comes your 0.41 to come back in? See you down there if you still care about ADY after today.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?