ADY 14.3% 0.8¢ admiralty resources nl.

I believe ADY is selling Iron Ore in spot market and will use...

  1. 839 Posts.
    lightbulb Created with Sketch. 16
    I believe ADY is selling Iron Ore in spot market and will use the proceeds to payoff the debt. ADY always makes few annoucements in row, so there should be couple more on the way. Hope DOW goes up tonight and a good announcement can take ADY 20+ cents and once the deal is signed with Shougang we can see 30+ cents and NAB providing finance will take to 35+ cents. Once Lithium tenders are announced then we can see 40+ cents. So, give it a month to get 100% return!!
 
watchlist Created with Sketch. Add ADY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.