ADY 12.5% 0.7¢ admiralty resources nl.

is the capitalisation too high

  1. 5,172 Posts.
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    ADY has 991 million shares including options that are yet to be exercised this year in Nov and next year.

    What is its revenue and what are its profits?

    This stock maybe fully valued given that a considerable expense will have to be incurred to get the lithium production up and running. Furthermore this is to happen 3 years down the track.

    I have called for serious profit and loss both current and forecasts in the past but nobody has responded. Most people here are pulling out share price projects based on dreams but there is no way of verifying this.

    Are there any serious fundamentalist who can help? Gamblers and dreamers stay at bay.

    Cheers
 
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