ADY 0.00% 1.2¢ admiralty resources nl.

call me stupid

  1. 190 Posts.
    Hi all fellow ADY holders. You are the ones that have foresight and are an inspiration to us all. You should be looked up to.
    I also thank all the ADY posters for the past couple of weeks as i have been reading and waiting and absorbing all your information.

    I purchased when I saw a breakout at $0.21 - now Im no expert and I probably could not even be called a novice compared to one of you guys who have been in the market for a while. But I wanted to ask a few questions.

    Firstly, where did we get the information that the revenue for this company will be 120 million over the next 12 months?

    If we consider nothing else but this small fact the stock is the biggest bargain I have ever seen. When I purchased - the stocks market cap was 120 million. If it makes 120 million this year with a P/E ratio of 10 it should rise to $2. Most stocks on the market have a P/E ratio of 12 - 15. (stock value then goes to $2.40 - $3.00 price).

    Then someone also said last night that mine life is 127 years. 127 years multiplied by 120 million revenue is a lot! Not including price rises, inflation or new finds and excavating more of the resource per year.

    May I ask - if this is all in fact true - why would anyone sell this stock at $0.24? or even $0.50? or $1.00?

    If you can, prove me wrong?

 
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Mkt cap ! $19.55M
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Buyers (Bids)

No. Vol. Price($)
2 805438 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 490461 2
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Last trade - 16.12pm 30/07/2024 (20 minute delay) ?
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