I only recently just received my info in the mail regarding to rights offer and have been looking over it. Ive held the stock for over a year now (since the days when we had lithium) and things do seem to be moving along better and management seem like they have the right intentions.
But i still cant decide whether to take it up or not, although my holding is quite small (especially as the sp has dipped since i bought in) i obviously dont want to dump more money into it if its going to go bust. I personally think its getting to the stage soon where if we dont hear about a JV for the IO then the ship wont be sailing but if there is a JV then could be a HUGE earner for all of us. I dont believe that ADY have the ability to fund anything at the moment themselves without a JV.
I was wondering what everyone elses opinions on the rights offer is and whether they will be taking up their allocation
ADY Price at posting:
9.5¢ Sentiment: None Disclosure: Held
