ADY admiralty resources nl.

message from phil..., page-5

  1. 107 Posts.
    I like the way Phil does business. He could sign contracts for a cheaper price, but is being patient. I can see how this might be frustrating for people wanting a quick buck, but for long termers that want to ride the company a bit longer for a more substantial gain like me, well I appreciate the larger profit margin that he is looking for.
    He also stated reduced production costs. I am looking forward to the AGM.
    If the full scale production date is now Mar-Jun 09, then they should be signing contracts in Mar next year at the latest. Not too long to wait when you consider the price swing that a 3-5 year contract will create.
    Iron ore contracts between then and now should also have us moving a bit higher in the not too distant future.
    I hold and wait for enough gain to buy a house in cash. Just hope we dont get a Bear market before it happens
 
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