Herm and Imp The stock market provides minute by minute view of company value and by implication its assets . If you don't like the number you sell if you think it is undervalued you buy that is the only response. The market said ady was worth $30mio or so -so that was the value of the company -end of story. The fact that they sold one asset for a value in excess of that is an outstanding effort in the context of the market. If you don't like what the market tells you don't play it but also don't complain when it tells you something you don't want to hear. Just because you don't like what you are hearing doesn't mean people have been dishonest- maybe they were just trying to do the best they can in the circumstances, maybe your analysis was flawed. Again if you don't like it don't play you just may not be that good at it. Right now there is no-one particularly good at it. Hope you consume a lot of time at ASIC because there is nothing I can see that justifies it-but then you'll be complaining about bad umpiring. Question- WOTIF :Banking system in severe distress, total failure of cross border transactions because no-one comfortable with foreign bank counterparties, takes five years to sort out .along the way Argentina in severe economic crisis govt looks at nationalising key resource assets.What is anundeveloped Lithium deposit in Argentina worth . And none of this hypothetical is a stretch in the current world.
ADY Price at posting:
2.2¢ Sentiment: Buy Disclosure: Not Held
