SB 2000 exactly , jv or bust 100% thats the risk if you hold or are thinking to invest in ady.
The global downturn has meant RIO , BHP , Fortescue have all put off plans for expansion and even some orders have been cancelled from the Chinese. South American io producers have reduced production by 40% due to the lack of demand.
Yes the io boom will get going in the future but do people honestly think ady can survive until then?
Without a jv i believe there will be no future for ady past mid to late 09 i'm sorry to say.
They couldn't find a loan for a measely 10 miilion even when they had Rll a huge future money spinner with li and potash , let alone a 40 million loan to build a port to export a mtpa of ore.
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Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 188559 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 622455 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 188559 | 0.009 |
3 | 490000 | 0.008 |
8 | 1080821 | 0.007 |
6 | 1400000 | 0.006 |
6 | 1157440 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 622455 | 2 |
0.011 | 662260 | 2 |
0.012 | 245041 | 2 |
0.014 | 200000 | 1 |
0.015 | 2000000 | 1 |
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