the chinese after ady, page-16

i don't think a takeover is a possibility.

it will take ady at least five years (2013) to ramp up io production to 10mtpa. it may even take as long as 10 years given the incompetence of our "management".

i think alot of you are forgetting we are in a bear market, and stocks like ady, that continually disappoint with production delays (or in ady's case no production at all), continual losses, and auditor's statements like 'uncertainty over ability to continue as a going concern', are going to trade at a huge discount.

think about it, if i can buy BNB and CGF, two fantastic companies for 8x earnings, then why would i invest in ady, that will take at least 4 years to get into lithium and io production.

sure some people say ady is trading on 2x 2012 earnings, but i'm sure bnb and cgf and so many other companies that are incredibly cheap are trading on the same forward multiples as well, and for so much less risk.

take a look at fmg and ady, they both started at about the same time (2005), and fmg will ramp up to 100mpta before ady even gets to 100k tpa.

is ady worth a market cap of $200m at present.

maybe in a bull market, certainly not now.

you're better off parking your money somewhere else for the next 3 years, and then come back to ady, i can almost guarantee you it will be trading at the same levels.