ADD 0.00% 0.4¢ adavale resources limited

Gday fellow ADD ersLets not turn this stock into a typical hot...

  1. 66 Posts.
    Gday fellow ADD ers

    Lets not turn this stock into a typical hot copper stock where a whole pile of emotion is built into the price so we see massive up and downswings on trivial stuff. JR told me a similar story to whats being splashed around. Ann out this week hopefully. No outstanding readings but rather more of the same lower grade, shallow, massive ore body results. Remember that the company is still looking for the motherload which they believe is close by. These interim results are great but not what the company are focusing on. A point to note though, is that even if they never found the mother load, this massive lower grade orebody is very economic due to its shallow nature and hence cheap extraction costs. Also dont forget that they have cash for another three years of exploration and they own their own drill rigs. Lots of upside here.
    Also Anouncements are nice but its also reassuring that the company are focussing all of their energy on a grueling drilling schedule.
    Time will see this one develop into a beautiful swan.
    Cheers
 
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