ADY - Admiralty Resources

[roland]

Looks the ANZ are still selling. I assume the huge cross-trades yesterday were linked to the ANZ as well.

Roland, who do you use to get $20 brokerage?

cheers

Comsec - below $10,000 is $19.95, above $10,000 is $29.95 or some percentage, whichever is higher. Is this cheap? - I was under the impression the brokerage was average to high ????

 

[nikki]

hmmm - i paid $33 using etrade!

good luck.. i bought more at 0.19 yesterday and am regretting it a little. to be honest i am a litte unsure about ADY and its ability to stay afloat? i hope i am wrong and that the current shareprice is not a reflection of deeper fundamentals that i am not capable of understanding or knowing about?????

this is not a downramp in anyway because i have been with ADY for a while and cannot leave the damn thing even though i have tried for the past month?????

 

[roland]

hmmm - i paid $33 using etrade!

good luck.. i bought more at 0.19 yesterday and am regretting it a little. to be honest i am a litte unsure about ADY and its ability to stay afloat? i hope i am wrong and that the current shareprice is not a reflection of deeper fundamentals that i am not capable of understanding or knowing about?????

this is not a downramp in anyway because i have been with ADY for a while and cannot leave the damn thing even though i have tried for the past month?????

nikki, you should be concerned with any investment you make. IMO the SP is going to be pretty stagnant until ANZ have sold off the rest of the 120,000, 000 shares they have. Sort of scarey thinking that they have the power to kill the SP if they wanted to - but I am sure that there are rules that prevent them doing so.

I am unsure of the amount of damage that the company has suffered with Opus/ADY Directors etc, but I am sure that it is quite negative.

In defence of ADY, they have a very low cost operation with easy access to income generating resources. They have a sizable debt which seems to be managed responsibly. So long as they can keep the shipments up and progress with the Lithium and Potash then everything should be cool

E-Trade ????, mmm I wouldn't like to be paying $33 per trade

ADY is a bit of a flat-liner today - might go and buy something else....

 

[evwatkins]

Roland,

I doubt there are 120mil shares left, as per the previous sell down these ANZ anns do not take into account T+3. So i believe the 120mil would be from trades placed on friday last week. You will notice that since monday another 195mill odd shares have been traded, do you seriously think that this is day traders producing such volumes... i dont think so.

Therefor we will see (as we did on the sell down from ANZ a few weeks ago) that they will disclose each day the amount of shares left which does not include unsettled trades (T+3).

pretty simple.

 

[roland]

Roland,

I doubt there are 120mil shares left, as per the previous sell down these ANZ anns do not take into account T+3. So i believe the 120mil would be from trades placed on friday last week. You will notice that since monday another 195mill odd shares have been traded, do you seriously think that this is day traders producing such volumes... i dont think so.

Therefor we will see (as we did on the sell down from ANZ a few weeks ago) that they will disclose each day the amount of shares left which does not include unsettled trades (T+3).

pretty simple.

Good point about T+3 - will keep that in mind

Actually I didn't say that I thought it was Day Traders producing the volume:

Day Traders? hard to know for sure, ANZ sold off another 5 million. If the stock flops backwards and forwards half a cent all day, then even if it were not day traders, it does lend itself to day trading - especially when there is a lot of volume

Good to eventually see the tail end of ANZ

 

[rub92me]

Looks like it was ANZ selling out last week. Interesting action around the close today. Just before 4.00 pm a single buy of around 3 million shares took out all the 20 cent sellers and another/same big buyer ensured close of 20.5 cents. Hope we get some follow through tomorrow so we can say goodbye to sub 20 cents for a while.

 

[nikki]

Looks like it was ANZ selling out last week. Interesting action around the close today. Just before 4.00 pm a single buy of around 3 million shares took out all the 20 cent sellers and another/same big buyer ensured close of 20.5 cents. Hope we get some follow through tomorrow so we can say goodbye to sub 20 cents for a while.

Some very confident buyers at the closing auction? I suspect we will hit resistance somewhere around 25 / 28 cents but we need a close above 29 to resume uptrend IMO!

I assume the quarterly must be due anyday! I wonder what tricks Phil has up his sleeve this time! Maybe he has discovered gold as the by-product of purifying the ore in Chile. Anything will be a positive given the recent corrections in price

 

[roland]

Some very confident buyers at the closing auction? I suspect we will hit resistance somewhere around 25 / 28 cents but we need a close above 29 to resume uptrend IMO!

I assume the quarterly must be due anyday! I wonder what tricks Phil has up his sleeve this time! Maybe he has discovered gold as the by-product of purifying the ore in Chile. Anything will be a positive given the recent corrections in price

Hi nikki - yes it was good to see the close at .205 - I guees I'll have to cancel my .17 standing buy order and set up the .215 sell order. I'm glad that you don't have to worry about your .19 parcel any longer

I have parcels seperated by 0.01 from 0.19 to 0.24 (then a lonely one sitting at .33 )

 

[nikki]

Hi nikki - yes it was good to see the close at .205 - I guees I'll have to cancel my .17 standing buy order and set up the .215 sell order. I'm glad that you don't have to worry about your .19 parcel any longer

I have parcels seperated by 0.01 from 0.19 to 0.24 (then a lonely one sitting at .33 )

hmmmm, i bought some at 19 cents but still have losses from the ones i bought @ 40 cents

i think if it holds above 20 cents i might keep my 19 cent parcels in the hope that news about that ill-fated demerger might appear one day?

 

[roland]

hmmmm, i bought some at 19 cents but still have losses from the ones i bought @ 40 cents

i think if it holds above 20 cents i might keep my 19 cent parcels in the hope that news about that ill-fated demerger might appear one day?

Sounds like a plan!

On the other hand, you could sell your .19 and take a little profit, you can always buy them back again on a down day....

 

[lingqi]

Two announcements were released."Ceasing to be a substantial holder from ANZ","ANZ: Opes Prime Disclosure ". Now ANZ only has 8.305% of ADY shares which is around 81 million shares. It is good to see ANZ will no longer be a substantial holder. No wonder why we had such a big volume on 21st and 23rd. Now I am still suprised that the price went up on 21st with such a big volume.

 

[Trojax]

Reason for the run today.. Opes is gone, Anz cease notice so their gone and surprise surprise the March quarterly report has just been released late arvo (the day after ANZ ceased to be a substantial holder).. I believe its great, have a look..

http://www.asx.com.au/asx/research/....jsp? searchBy=asxCode&allinfo=on&asxCode=ADY

Interesting next few months for ADY holders

 

[Bushman]

Reason for the run today.. Opes is gone, Anz cease notice so their gone and surprise surprise the March quarterly report has just been released late arvo (the day after ANZ ceased to be a substantial holder).. I believe its great, have a look..

http://www.asx.com.au/asx/research/...jsp? searchBy=asxCode&allinfo=on&asxCode=ADY

Interesting next few months for ADY holders

.....and look what they are startign to highlight. Yes Rincon Salar has potash and shizen loads of it. Now they just have to get rid of the pesky debt issue.

Starting to look interesting again.

 

[wipz]

.....and look what they are startign to highlight. Yes Rincon Salar has potash and shizen loads of it. Now they just have to get rid of the pesky debt issue.

Starting to look interesting again.

..........................
They dont have that much do they?............ around 50(2p)mt?...............

 

[roland]

..........................
They dont have that much do they?............ around 50(2p)mt?...............

..bit of an odd thing to say wipz, the Potash is really just a by-product of the lithium recovery process. The over tones of belittling ADY's Potash resource shows some ignorance of the larger picture.

Like most ADY investors, we are investing in a Lithium resource. To have some Potash at the end of the process is just some extra icing on the cake

 

[Trojax]

..bit of an odd thing to say wipz, the Potash is really just a by-product of the lithium recovery process. The over tones of belittling ADY's Potash resource shows some ignorance of the larger picture.

Like most ADY investors, we are investing in a Lithium resource. To have some Potash at the end of the process is just some extra icing on the cake

Roland how did you take the March quarter report? I was very happy, I won't go into each point, but wow is all I feel, the next 8 weeks should be pretty intense on announcements. Again anyone reading please see the quarterly just out, I mean the next 8 weeks really are jam packed.

Great news re SITEC backing, ramping production, lithium coming onboard, demerger although delayed still imminent, and suprised re the lithium refinement patent imminent, don't get me started on the 500m bonds, slurry pipeline and port tender, lol!

Potash is cream, and on top of their production estimated I'd love to know now re the geologists exploration, that too was a bit of a suprise

Have to admit though I did sell out of some other stocks today and put the bucks into ADY at 2pm to add to my existing holding, the woody came on the report at 4:10pm lol, expected the news to start flowing once ANZ ceased it's opes effect which was yesterday, no suprise ADY\PT waited lol

DYOR again, read the report, make up your own minds

 

[roland]

Roland how did you take the March quarter report? I was very happy, I won't go into each point, but wow is all I feel, the next 8 weeks should be pretty intense on announcements. Again anyone reading please see the quarterly just out, I mean the next 8 weeks really are jam packed.

Hey, Trojax, the report was good - it's obvious that ADY are really concentrating on managing the debt/financing - and the report read like they are doing that well.

Some of the delays, wrong crushers, cold weather delays etc, are a little negative but, what can you do???

I sold off some today on the high to grab some profits, and as time progresses and ADY matures it becomes easier to lay more cash in on the dips without too much worry.

I'm really having fun with short term trading with a long term focus - lots of $$,s to be made in my opinion.

 

[roland]

Market is lower today, and it has dragged ADY with it. Looks like having sold some at .235 worked out well for me. I have an order in at .21 to see if I can pick up those shares I sold yesterday.

 

[lingqi]

Ronald, have you picked some shares up at .21? If so, that would be a great short-term trade. so who can comment on the cash flow released today? Investors may concern about 20M loan?

 

[roland]

Ronald, have you picked some shares up at .21? If so, that would be a great short-term trade. so who can comment on the cash flow released today? Investors may concern about 20M loan?

nahhh, haven't got them yet - I'm about middle of the pack. No hurry though, I've done a hundred or so trades since Feb 2005 - back then you would have to wait a week or more for a 0.01 movement.

If it moves away from me, then I switch to sell mode - I'm happy for ADY to move either way - great fun!!!