The market cap on ady plays no real significance on what the company does or has done. Rll was sold for more than the market cap when the deal was done.
The amount of cash in the bank will pay the bills until the port is re-opened, after that it then comes down to spot sales or the legal action whether that will lead to anything is honestly anybodies guess.
Imo ady will sit sub 5 until we hear news that can ensure the coys future long term and not on a 6-12 month basis.
So whats the chance of a jv/lt contract?
Thats the punt from here and to me theres alot more than 2.3 on the upside if the new management can get a deal.
Happy trading
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $17.92M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $11.94K | 1.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 400000 | 2 |
View Market Depth
| Last trade - 13.26pm 19/07/2024 (20 minute delay) ? |
| ADY (ASX) Chart |