Traders may lose on the day to day stuff, but long termers will win on this one.
As far I am concerned this maybe the last buying opportunity, before the tightened share register post consolidation.
Then demerger prior to the Li pilot plant producing it's first batch, then filling those evaporation ponds to produce 17,000 tonnes Lithium / 70,000 Tonnes of Potash each year.
The IO ramp up to 7 million tonnes in 2010, with the IO $$$ price increases, port upgrade at Candelaria to accept panamax ships.
At the moment, I estimate that ADY is currently running at a P.E of 1.82, based on forecast earinings. SQM(US) trades at a PE between 15 - 23.
Nothing has changed... time for a break.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
