Imo the Charge sale will more than likely happen and then ady will trade another day , I expect the only reason ady has been around this level is due to fear of receivership which is still on the cards. Once the immediate future is ensured I would expect a rally to maybe 1.5 or even 2.
You need to remember this stock has traded in the low 2's before the sale of RLL was announced and when the only immediate problem was with a small debt to Hawkeswood. Since then io prices and demand has taken a hit and ady probably won't be at all involved in the li/potash business.
If your a punter go for it , if you can't afford to lose straight up i'd hang off for the announcement that the sale is finalised and the cash is in the bank.
Just my opinion so DYOR
ADY Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
