ADY 0.00% 1.2¢ admiralty resources nl.

better offer

  1. 337 Posts.
    there could be a better offer.
    BHP have recently bought out anglo potash in canada
    last time i looked at rio tinto have invested $900 in a potash plant in argentina.
    i don't know all the numbers but if you crunched them you might come up with some glaring disparities but if the asset was really that valuable why haven't we already seen takeover activity?....probably something to do with the credit crunch....mind you BG just paid an 80% premium this week for QGC...forward lithium demand is speculative to a certain extent. markets are very efficient...its gone a bit haywire this year but its generally pretty Darwinian....I doubt an asset that is really worth, for example $360 million, is going to sell for $36 million but if they get a better offer they can't knoock it back. remember....the market is efficient. i switched to ORE today as I have lost a piddle but if I was holding a packet I'd be crunching numbers...particularly historic corporate activity in the K and Li plays
 
watchlist Created with Sketch. Add ADY (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $19.55M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $18 1.478K

Buyers (Bids)

No. Vol. Price($)
2 812971 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 498309 3
View Market Depth
Last trade - 15.38pm 26/07/2024 (20 minute delay) ?
ADY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.