ADY 0.00% 1.2¢ admiralty resources nl.

long term hold, page-4

  1. 157 Posts.
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    recognise this company for what it is and has been for several years now and trade it:

    a vehicle for "sophisticated" investors to churn their cheaply gained shares and options on the way up and lend/short them on the way down

    all us "non-sophisticated" investors are here to provide the cream for the "sophisticated" investors as we are lulled into drooling over the chart showing past price action

    all other pretence to being a business is probably secondary (and even possibly incidental) - albeit that it is better than other similar companies in that it generates some revenue from sales

    ady was not born from a focussed business plan - ady could have just as easily been a zinc miner or supplier of medical equipment - it just so happens that the path of least resistance was through south america

    good luck to all - ady may get there but remember this may not be the primary goal - ady is not alone in this respect
 
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