I have read the report several times and for what my thoughts are worth:
They say there is a further 3 shipments booked for July/August (including the one just left). They only need a further one to complete stage 2 of the WISCO06 contract, so hoping that the 3rd is a spot price shipment.
They are talking up the Rincon/demerger as if it is a done deal, so sound very promising. Lets hope they haven't wasted money on something that won't eventuate. Have they heard from the ATO or not?
However I am a bit annoyed that they can't stick to timelines. I don't think a single promise has come to fruition on time.
They have plenty of ore left at the port and no doubt with the trucks sitting around at the port for 3 days doing nothing waiting for the ship to come in, I would say that the mine is full of stockpiling as well.
Lets see how long before the trucks get going again replenishing the port stockpile. They really packed it in last time, ran out of room literally.
I'm still bullish on ADY, both Lithium (the main game) and secondary the Ore.
Just hope they can piece the puzzle together and really make something of this company. Either as a single or 2 separate entities.
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- read the qtr carefully b4 jump to conclusions
read the qtr carefully b4 jump to conclusions, page-5
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