is ady about to go under

the answer is a simple NO.

The reason why the sp has gone down in recent days is simply because a number of shareholders such as Leveraged Capital, Hawkswood and Opes Prime have called receivers and some sophisticated investors had margin call accounts that passed ownership of all their shares.

The Receivers are doing their job by selling all shares under their control. They have an expectation to maximise sales but not at former market prices.

ADY still has inground assets worth billions and pending long term contracts plus US$20m loan due to be paid by Santa Barbara. Plus cash from iron ore sales this month and next etc.

At the current 18c sp it is a bargain. Would not be surprised if someone or group is accumulating and ready to maximise from ADY value.

Unfortunately for small time investors in ADY the current sp looks grim as we have taken paper losses.

But the mood will swing to positive very soon. Hang in.