Hi GK Have followed this stock since the Adelaide Resources days starting in 1996. Have dipped in and out over the years as a s/holder.
Unfortunately there is no investment case for ADN for the average punter - it either works and the SP goes up 5x, or it doesn't, and the SP slowly unwinds further.
The DFS and the uDFS are now reasonably old and probably can't be relied upon on (they had a couple of major problems even when new). My best guess is that Great White / Chairlift will be developed eventually..........in one form or another...
Meanwhile it's a stock for patient bottom drawer punters and noisy pip traders.
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