ADY 0.00% 1.1¢ admiralty resources nl.

re: boring

  1. 37,691 Posts.
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    Its more a gut feeling Sirtrade ... I was completely drawn to the Rincon Salar project, it seems to be a potentially wonderful asset. The side trade with a d!cky iron ore venture seems too clever and too trendy and distracts from Rincon imo.

    It feels to me like the directors thought they could get some easy share price action with iron ore, given all the China hype. It seems the market doesnt value the iron ore venture as the sp steadfastly refuses to move ... I mean its deader than polly's parrot from Monty Python.

    Imo, ADY needs a capital injection and accelerated development of Rincon Salar ... I would pin my ears back buying the shares if this was to happen.

    Regards
    Poyndexter
 
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