brisvegas said:ADY is at an interesting level now with the downside trend appearing to have ended . couple good announcements this month have been met with selling into the buyers , i suspect this is due to overhang from recent placement to financiers to meet interest obligations , unfortunately ADY issued the shares at a substansial discount to market price . once this overhang is through we could see advance to recent highs . i'm thinking maybe half through so far . chart looks better in recent weeks with the downtrend breached . small gap to fill at 10.5c . nice support confirmed at april lows 9cents ish .
brisvegas said:seems listing in US wont hurt either
That's some expensive broker you have!bvbfan said:Certainly that sort of purchase on the market would have not been possible under 10c and brokerage costs too
rub92me said:Looks like it will gap up again today at 11 cents. Still enormous resistance in the 10-12 cent zone, so will probably need > 50 million shares traded today to get it through there. 3 positive announcements in a row; if it doesn't happen now, it ain't gonna happen in the foreseeable future
rub92me said:Thanks barney. The short-term concern (sufficient cash flow) now seems to be addressed. I'm still not 100% convinced about management; e.g. the timing of the last announcement seemed a bit 'staged' to me, as it was something they knew 3 weeks ago. I bought this with a 3-5 year horizon as I do like the potential of Rincon Salar. Short-term it finally cracked the 12 cent resistance with good volume, so here's hoping it can consolidate above that for a while...
johnno261 said:
johnno261 said:Here I am getting excited about the Rincon Lithium project, when having just read thru yesterdays article in the financial review about ADY's Iron Ore JV, really that could be a huge play in itself. The JV with Sth American based Cia Minera Sanata Barbara in itself may have all 9 Iron Ore mines up and running by mid this year which could be shipping up to 5mtpa once the new port that the companys has just secured the rights to build from the Chile governement is in operation. The Iron Ore fines are also extremely high qualitys at about 64%, pretty much the same quality as on Koolan Isl.
PT stated that by building the port, it will increase profits by US $46.8 million a year based on the lower assumption of 3.6mtpa.
johnno261 said:now in my opinion give credibilty to my assumption of PT and I know short term, a revaluation on ADY is imminent. My current valuation based on 3.6mtpa as stated in todays financial review article would conservatively value the SP at roughly 35 cents and that is being conservative. QUOTE]
Hi Johnno,
the 35c you mentioned, was that the FR prediction or your calculated value? in both cases, could you pls briefly tell us how did you come up with that value? I tried many times but couldn't come up with anything near that value.
I hold small parcel & even that current levels seem to attract many buyer but also its attracting many big sellers, so I'm really trying to re-evaluate my position.
cheers,
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