I'm still fuming over PT's decision to offload RLL.
As it stands right now based on today's SP, ADY is a 10 bagger provided Vallenar can ramp to 1.3mt per annum in FY09, and ore trades around USD$70 or higher, and the $AUD stays about the same. This also assumes 100% production to ADY after Leonardo loses the court case (which he will) Q1 CY09. Otherwise ADY still gets $18 mill out of him, that he owes us anyway.
At present this company is owed nearly as much as it's market cap. It's astonishing, but it's a fact.
The ballgame is now whether a JV with Wisco becomes a reality, or project finance finally becomes available early next year.
future?, page-10
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Last
0.7¢ |
Change
-0.002(22.2%) |
Mkt cap ! $11.40M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $4.984K | 642.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1320820 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1210000 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ADY (ASX) Chart |