Real bummer. ADT is going to get spanked today and not just for the miss down dip, but also because of sloppy handling by mgmt. The halt to address "HC speculation" was embarrassing.
I had some bids sitting in the mid-high 40s but have yanked those. I do think they will get down plunge extensions but there's several reasons here to pump the brakes. Keep in mind that they have re-sequenced holes due to heavy rain and will also batch cores so we're not likely to see stepouts down plunge from hole 5 for several weeks.
In speaking with people who have a good handle on the matter, I am also hearing they are fence-lining the JB anomaly, which in layman's terms means they likely haven't hit significant mineralization as of yet. Think this possibly dips to $0.30-$0.27, where I would be happy to buy more.
ADT Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
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