ADY 0.00% 0.9¢ admiralty resources nl.

Does anyone really think ADY has just doubled with 126mil shares...

  1. 107 Posts.
    Does anyone really think ADY has just doubled with 126mil shares traded on the back of day traders wanting to pump and dump? That would seem quite risky to me considering ADY's SP has been 1c for about a month or more.

    ADY now have cash and the value of the IO is about 70 mil (according to the book value, apparently). Just on assets, ADY should be at least 6c.

    Throw in recent issues though and the global economy.....who really knows?
 
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