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ADY - Admiralty Resources

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roland said:
Hi nikki, actually I got some more yesterday at $0.17 - holding a sell order now for that lot at $0.21
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Hey Roland, once again, you are braver than me. I thought about buying today @ 17 but my intuitions told me to hold off! Your timing for a quick trade has always been good. Good luck.

I read an announcement by BMN telling shareholders that they have no clue re how many shares of theirs are being sold and that it is likely that all those held in the ANZ Nominee Accounts might be sold off. I have tried really hard but I cannot even guess how many of the 247 million in that account potentially belong to the ANZ might get sold!!

The trading volume does not really tell you much because i think there are lots of 1/2 cent traders in there who buy @ 17 and sell quickly at 17.5. I am going to risk catching the wave back up rather than get crushed by those millions of shares on the sell side - what's with the 6 -7 million sells at . 185

Good luck to all those interested in ADY from a while back. Testing times for those who still have faith in the company's assets????
 
Actually, I was quite surprised we didn't recover today - so much for my 0.21 order...

I'm prepared to follow ADY a little lower if necessary as I a have confidence for the long term, but will have no hesitation in taking profits where I can.

Any mention of Opus Prime sends everyone scurrying, BMN and another I was in before RFE who are now suspended - around 10% of the company caught.

I'm still seeing all this as a good buying op for ADY and a couple of others that I am into - I was happy to buy at 0.23, so I am even happier getting stock at 0.17
 

absolutely Roland. i have no problem buying in @ 17, 18, 19, 20 - i was happy buying in @ .48

see you at .14 where i assume we will both try and catch the lithium batteries and all the greed/fear we can get our hands on. .
 
nikki said:
absolutely Roland. i have no problem buying in @ 17, 18, 19, 20 - i was happy buying in @ .48

see you at .14 where i assume we will both try and catch the lithium batteries and all the greed/fear we can get our hands on. .
Click to expand...

I won't even consider buying a rechargeable battery that wasn't Lithium based.

We haven't sold any Lithium yet - have we? Maybe when we do we can learn who bought it and we can change our buying preferences to assist.
 
I reckon there is a bit more selling to come for ADY.
Check out what happened to the 175 million options that were issued in december 2004 and were converted until november 2007. These were converted by entities that later morphed in to Opes. Add to this the holdings of Phil Thomas with Opes (probably about 15 million shares). Given the close relationship between Opes related entities and ADY I wouldn't be at all surprised if there are more individuals/entities that held ADY shares through Opes. So a conservative estimate would be around 200 million ADY shares tied up in this. I guess only about 100 million or so of these were sold over the last 4 days, with the rest of the volume daytraders and other churn. Significant shareholdings are masked by transfering ownership to the banks and ANZ and Merrill hold/held a significant chunk of ADY.
 

Now that the most interesting point I have read on any forum rub92me. Thanks for sharing your views.

Do you know who owned the options that were converted in november 2007. I have not kept my list of substantial holdings from november to see if things changed in any of those accounts after the conversions!

Interesting to note phil being quoted in the paper as saying that his company's shares do not need a book build because of the high liquidity. . . .

The people selling are amazing at maintaining the SP at reasonable levels. They clear half a row @ .165 and then immediately buy 10 or 15 thousand at .17 to show buying interest!!! It is fantastic watching them at work. 4 days into selling they are starting to be a little predictable.
 
So I guess the question on everyones lips is how low can she go? What chance is there that ADY will die because of this?
 
skating101 said:
So I guess the question on everyones lips is how low can she go? What chance is there that ADY will die because of this?
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The market will decide how low it will go. Short term it looks to have found some support, but if there is another bucket load of Opes waste dumped at great speed into the market then it will go lower. Imo ADY management should have taken a trading halt seeing that 20% of shares could be impacted. E.g. CQT took a trading halt for about 10% of shares affected and are doing an orderly book build to protect the price. No way is there ever enough liqiduity to absorb a 20% dump of stock without severely affecting the price.
ADY's activities or fate will not be directly impacted by this, although it must obviously be distracting for management.
 
checking the announcement,
this couple of days merill lynch just dunmped 31 million shares...
so close to around 22 million will be left for disposal....
oh dear2.....
 
After that announcement from ANZ I'm really confused. The way I read it they are saying that at the end of 4 April they were still holding 222 million ADY shares from Opes (which is about what I thought), but they haven't sold anything yet! If so, where did all the volume come from last week?? And does this mean they are about to dump these shares on the market soon?
 
hello rug92 me,

it seems that volume comes from Merill LYNCH , if i have not mistaken.
It seems that they hve been unloaded bits by bits...
 
My guess also is with ML selling so far...

There is an updated April top 20 shareholders list on the ADY website:

http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

ANZ now holds a massive 24.58% of the stock Can do what they like with it.. could sell their total holding to another player off market if they wished.

They may have to do this (to another co) to realise a reasonable price, simply hold until the price recovers, or worst case, dump.

If they dumped in large numbers, they would have to realise prices close to 10c without buyers.. it almost doesn't seem like an option.
 
j4mesa said:
hello rug92 me,

it seems that volume comes from Merill LYNCH , if i have not mistaken.
It seems that they hve been unloaded bits by bits...
Click to expand...
ML only had 35 million shares and sold all of that within 2 days so that hardly explains the volume we saw after that. Looks like a lot of people jumped ship in anticipation of what was happening.
 
yeah it is such a worry looking at the fact that ANZ holds such a big portion of it.

Fundamentally, this is is really undervalued at the moment.
i see a big support @ 16.5 cents......not sure if ANZ dumped such a big amount....
 
only around 112million to go should be all over soon. hopefully we get a re rating the buy side looking very strong imo..
 
evwatkins said:
only around 112million to go should be all over soon. hopefully we get a re rating the buy side looking very strong imo..
Click to expand...
According to the latest ANZ update it is still about 200 million to go. Good to see that they're not swamping the market and only selling about 20 million a day. At this rate it will take another 10 days or so.
 
it does not include T+3 trades

so for instance the announcement on friday did no account for shares sold on wed thur and fri of last week, and so on and so forth for the other ann on monday and yesterday etc etc.
 
buy on the dips - ADY have a ton of resources, cash is starting to roll in - been here since 2004, never made a loss yet - utilise the Opes/ANZ dump as a good opportunity to get stock at a bargain price.

just my opinion, I'm still buying (and selling when I get to my target) - nowhere to go but up

have fun
 
bought some more of these bad boys today
not a bad day bit of a jump - is there any news to come out soon
 
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