ADY 0.00% 1.1¢ admiralty resources nl.

hi, maciejs - i think it is worth noting that the revenue from...

  1. 113 Posts.
    hi, maciejs - i think it is worth noting that the revenue from the salar will not start to come through until mid next year, so we won't be seeing the 120m revenue in this financial year. the market is sometimes a little short sited, particularly with small caps that have disappointed before (ady had originally planned to have the salar up and running by mid 2006). investors who bought in two years ago north of 20 cents will naturally attach negative connotations to the stock. this is where the opportunity lies. ady really hasn't posted any new material information since the doubling of the iron ore production a number of months ago. the potential has always been there, the market just hasn't been willing to put its money on it.
 
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