ADD 25.0% 0.3¢ adavale resources limited

nice announcement, page-31

  1. 9,976 Posts.
    lightbulb Created with Sketch. 59
    Hi waynecat - the Q wasn't very detailed but they seem to be going OK.

    Still a long way to go but at least this coal acquisition is moving forward.

    I suspect when this 60/40 JV becomes clear to the market and other things (size of resource, offtakes etc) this SP might start to head north.

    This could be great buying right now at 4 cents with only 186,000,000 shares on issue & approx 50% held by Top 20.

    Might be worth picking up 100,000 waynecat.

    Looks like Adavale want to establish themselves in Indonesia as a major coal player, excellent.

    PS - enjoy your cruise !
 
watchlist Created with Sketch. Add ADD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.