Nothing good ever happens it seems, just funds and assets drained off at questionable values to shareholders' detriment. ADY is a real ASX horror story.
The only option for holders I feel is to sell out and reinvest what little is left of your capital in high-growth stocks with good management like AVB, PEK, MHM and others yet to explode upwards in value. Even then, it's a long way back to recover even half your capital. But what is the alternative? Ultimately oblivion I feel. I really dislike ADY and everything to do with it especially that Phil Thomas. I bought in for the lithium, not the stupid iron-ore debacle. And we all know what happened to the lithium asset that had so much promise, it really did.
Top management is number one!!! For a start top proven management is not usually associated with dodgy companies and dud projects.
I will now sell my holding which is almost worthless and reinvest in the above mentioned companies. My capital will be returned by 5 compounded doublings which is achievable in a couple of years or less. There's very little chance ADY will do that well.
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ADY
admiralty resources nl.
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$50 million royalties to bpaid 2ady over 5 yrs, page-13
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.40M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2481393 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 563474 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2481393 | 0.006 |
8 | 3209003 | 0.005 |
7 | 1883753 | 0.004 |
5 | 5365001 | 0.003 |
3 | 2600000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 563474 | 1 |
0.008 | 2855000 | 4 |
0.009 | 356360 | 2 |
0.010 | 616666 | 3 |
0.012 | 500000 | 1 |
Last trade - 09.59am 13/08/2025 (20 minute delay) ? |
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ADY (ASX) Chart |
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