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Bought some more ADD today at what seems like a good...

  1. 212 Posts.
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    Bought some more ADD today at what seems like a good price.
    Market cap of 5 mil seems very good considering cash in bank.
    I think this sell off is due to people getting impatient as ADD have been very slow in developing there projects. They were supposed to have define a JORC coal resource by now.
    I wonder what has held them up, the indonesians? or maybe there 60/40 partner. I think maybe both.
    If there partner is ib daiwa then that could explain it as they have been in a bit of financial trouble lately and dont seem to have much cash.
 
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