company valuation, page-2

unya

i too believe that ADN is well oversold..

as for a valuation it's very hard to say considering that there is not much info to work with considering there is no resource, only potential..

for me it's more about the potential of the tenements.. so far this has not been maximized by the Co. but it only takes one well placed drill to change all that..

your $0.22 is within what i would have thought is a fair value range of between $0.15-$0.25..

ADN believe the market has got it wrong and so do i..but ADN need to get a solid plan on the table and give the market some certainty.. either raise to proceed with Rover or tell the market that it is on ice and all resources will be allocated to SA tenements.. uncertainty is a market negative

let's see what happens after the tax loss selling subsides..things can change dramatically with ADN next batch of results from Moonta is not far off..

cheers