Lets say ADY is correctly valued with a current market capitalisation of $59mil vs. Net assets of $58mil...so can't see it falling too much further. Good sign, as it can only go up from here...just need to scrape past Dec08 and have sufficient cash to pay off that debt. It is a risk, but we all knew this, and just need to manage appropriately. Revenue for Rincon should come in before June2009, just need to be patient...risky times of tight credit, but someone still wants the Iron Ore and Lithium.
Lets say ADY is correctly valued with a current market...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
