re: time to buy
philsm, even though the market was disappointed with the delays, you have to remember that ADY is still only a 49% stakeholder in this joint venture and CMSB is the majority stakeholder. CMSB was responsible for finalizing the Huasco port and when that fell through, it left Phil Thomas with egg all over his face. The reason we were'nt updated sooner was to allow time to find a suitable alternative port and this took until November, hence the delayed announcement. Imagine if Phil announced that the JV had no port to ship from in September, the sp would have dropped to 5 cents and huge panic would have set in. Even now, ADY is the minority holder and not all things are fully within Phil Thomas's control. You will find that ADY is heavily involved in all aspects of the business, but remember that all the regulatory authorities deal with CMSB because Chile is a Spanish speaking country and ADY simply don't have the negotiating power to finalize many of the regulatory processes.
ADY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
