ADY 9.09% 1.2¢ admiralty resources nl.

ADY has put a string of good announcements together but it's not...

  1. 1,006 Posts.
    ADY has put a string of good announcements together but it's not exactly putting a rocket under the sp. It hasn't moved out of it's recent trading range.

    Alot depends on the exact details of the latest transaction, details which we aren't privy too.

    - How reliable is the counterparty?
    - Is there any deposit?
    - When will delivery take place?
    - Are there any penalty provisions?

    etc etc.

    If the counterparty reneges it will be another serious blow to ADY's credibility. I have the funds to move from top 20 to top 10 but I'm not ready to commit them yet.
 
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