Two weeks ago I had some mail from Martin Place, Sydney that all will be revealed within 8 weeks, so that leaves 6 weeks from now. To play it safe add on another 4 weeks so that brings it out to 10 weeks, approx mid May 2010.
Mark Stevenson is in town and I am reliably told that announcements for ADD and RMG will be released while he is here. I have a sneaky feeling the 60/40 hasn't been finalised, the other party, which is IBD wants to commit but hasn't quite made up their mind (but that was a few weeks ago maybe they have by now), I am also told that ADD want to go this one alone because they can and it is a great acquisition, a company maker.
Regardless, the announcement/s have to be released soon, they can't sit on this forever.
There aren't many shares for sale ATM in both ADD and RMG but there aren't many buyers either. I suppose the recent selling at ADD may be due to the fact that focus has changed from u3o8 in SA to Coal in Indonesia and what appears to be a lack of progress. But they have been going flat out at Adavale.
I reckon lenzj010 might be right with an SP of about 20cents come June, providing all goes to plan. I noticed a seller sometime ago late last year, 1 million at 17 cents - it might happen, then really alot of the PKT supporters would only be square then, maybe still down.
But regardless, good luck, will happen one day hopefully soon.
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Buyers (Bids)
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0.3¢ | 4089688 | 9 |
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No. | Vol. | Price($) |
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21 | 31865100 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 21472528 | 11 |
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