My guess is that ADY is most likely benefiting from strength in the iron ore sector. Recent reports showed that China's iron ore stock pile has dropped compared to previous levels. All the pure iron ore plays on my watch list have gone up strongly. This makes ADY's processed iron ore much easier to sell, and possibly at higher prices? Pure guess of course. Nevertheless today's volume has indicated, on my opinion, that 19.5c IS THE BOTTOM. Sales/offtake contracts for either the iron ore or lithium would send us beyond 25c.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
