"I hope somebody can inject some more sense here ..."
jermaynew,
If what you were saying were true, Phil and co would be working around the clock to demerge RLL immediately and jettison ADY. That would put the sp up alright! RLL alone is worth twice the current market cap in resource value alone. Add to that RLL's projected revenue in 12mths time when the full scale LiCO production commences and you can at least double the value again.
But the iron ore mine is valuable in terms of resources and projected revenue too. They have an off-take agreement with shougang and wisco which are done deals.
The 10m hawkswood loan is nothing compared to the assets involved here. I don't believe you when you say the $40m loan conditions are unfavorable to ady. How could that be when ADY can pay it off with just one panamax or cape size shipment once production gets ramped up?.
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"I hope somebody can inject some more sense here ..."jermaynew,...
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.40M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $280 | 40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1280820 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2539287 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1280820 | 0.007 |
6 | 1400000 | 0.006 |
8 | 1457440 | 0.005 |
5 | 2150120 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2539287 | 2 |
0.010 | 965195 | 4 |
0.011 | 55003 | 1 |
0.012 | 201360 | 1 |
0.014 | 200000 | 1 |
Last trade - 11.44am 09/10/2024 (20 minute delay) ? |
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