Looks like the daytraders have come back:. Maybe they've finally tweaked to the fact that ADY also has truckloads of potash, which seems to be the market's favourite flavour at the moment.
Date: 1/4/2008
Author: Jamie Freed
Source: The Sydney Morning Herald --- Page: 22
Executives may have been caught out by a special loan scheme offered by collapsed stockbroker Opes Prime. According to Admiralty Resources director, Phil Thomas, Opes offered attractive interest rates and higher loan-to-value ratios than other lenders to executives, as well as loans on non-blue chip stock options. Thomas claims to have been aware that he was signing up to an unusual margin loan with Opes, although he said he was not aware that he had handed full security over to the stockbroker.
Hi ADY has Potash? Do you know where it says that? Also how much Postash (compared to the other resources it has)
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -1.4 -0.1 1.0 8.9
DPS 0.0 0.0 0.0 0.0
thx
MS
JORC Estimate of 70,000 tonnes of lithium equivalent metal and 2.48million tonnes of potash
Here is the link:
http://www.ady.com.au/pdf/pdf7_050727_rincon_salar_JORC_estimate.pdf
I think though, you may need to read between the lines regarding Potash, since ADY has Potassium Chloride, whereas Potassium Oxide is considered to be the fertiliser variety.
The link here to Wiki's definitions may help: http://en.wikipedia.org/wiki/Potash
Also from Wikipedia is the following:JORC Estimate of 70,000 tonnes of lithium equivalent metal and 2.48million tonnes of potash
Here is the link:
http://www.ady.com.au/pdf/pdf7_050727_rincon_salar_JORC_estimate.pdf
I think though, you may need to read between the lines regarding Potash, since ADY has Potassium Chloride, whereas Potassium Oxide is considered to be the fertiliser variety.
The link here to Wiki's definitions may help: http://en.wikipedia.org/wiki/Potash
Any fertilizer experts in da house?The majority of the potassium chloride produced is used for making fertilizer, since the growth of many plants is limited by their potassium intake. As a chemical feedstock it is used for the manufacture of potassium hydroxide and potassium metal. It is also used in medicine, scientific applications, food processing, as a sodium-free substitute for table salt (sodium chloride), and in judicial execution through lethal injection. It is sometimes used in water as a completion fluid in oil and gas operations. Also, as an alternative to sodium chloride in household water softener units.
Anyone notice something odd about the trading in ADY today?
Huge volumes but did not go anywhere? Did i miss something! Chart does not look particularly good as a result - indecision followed by failed attempt at a break of strong support @ .2
potash!!! all this time i have been investing in ADY thinking it is an iron ore company?
did u not notice the ANZ ann this arvo @ 3:41 switching to 'major holder, then the 20 million cross trade at 3:58pm, then the off trades from to 4:00 - 4:10 @ around 30 mill shares all at .19, IMO we either have a big new player who wants in and did a deal on the SP @.19, an unknown player positioning themselves or PT is possibly getting his holdings back, news is imminent IMO
hi Roland,
what sort of volumes do you play with to make the trade worthwhile once you take out the cost of brokerage. who do you use if the brokerage is cheap!!!
agree with you that at this price the downside risks are small and so your strategy is smart!
cheers
hi Roland,
what sort of volumes do you play with to make the trade worthwhile once you take out the cost of brokerage. who do you use if the brokerage is cheap!!!
agree with you that at this price the downside risks are small and so your strategy is smart!
cheers
.. and none of my holdings are geared, so I can wait if things go south
That must be nice to know. I don't have that much available cash so basically i gotta take a more conservative angle.
78mil shares traded yesterday and price held firm at 19c, daytraders you think?
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