this reply is late because I don't spend much time in this thread anymore. I've moved on after being disappointed. Watching GXY doing well with their lithium prospect thinking it could have been ADY. FYI, there are 2 trading accounts. First has 115496 ADY shares with cost basis 0.225 cents. Other has 193912 ADY shares cost basis 0.295 cents. Some (not all) of the purchases were at 0.60 cents plus.
I've done my calculations. If I was to double my ADY holdings for both of these trading accounts averaging down my cost basis by buying further shares at the present price of 0.019 cents then I would get my money back on the first account if sp hits 0.12 and on the second account if sp hits 0.156. My cost to average down in this way is $2194 for account1 and $3684 for account2 ie. total $5878
What are the chances of ADY share price hitting 0.12 to 0.16 cents ? I have lost confidence in this company and see such an outlay as a gamble only and a massive one at that. I would rather put new money into something that I can see has some possibility of return. If ADY was to come good then existing holdings would still be there to give me something back at least. Just continue to hold the baby I got left with.
Appreciated your kind thoughts just the same. Best Wishes.
ADY Price at posting:
1.7¢ Sentiment: None Disclosure: Held
