fiduciary duties, page-15

Again, it smells very fishy. Same with that Opes Deal, Bloomberg and others. This company is just a scam. I got out after the Opes disaster, on a big loss, still no regrets.

I think I know why the demerger never happened. They knew they would have to sell Rincon. Then they sell it to a private company (which coincidencently was created just 10 days before) for a fire sale price (mind you still almost market cap), but the lithium was the main thing for ADY.

Anyway, it was sickening to see all the empty promises:
-Lithium offtake
-Shougang contract
-Wisco contract
-Production increase
-demerger

and this could probably go on and on. One thing I have learned, if you are in for the long-term, is to measure management against their set objectives. And PT is a joke with all his posts on and emails.

A big con which will go down the drain. I would say get out at the next spike this one is gone