ADY 16.7% 1.4¢ admiralty resources nl.

my view

  1. 547 Posts.
    I think that the following will provide impetus for a sp rise and rerating over the next six months:

    1. USA investors buying in via Depositary Notes ( early Feb)

    2.Listing or sale of Nilnav ( March). Not a core investment. Investment by ADY only due to Phillip being the ex Chief Operating Officer.

    3.Chile iron ore major upgrade ( Mar)

    4. Activity re Pyke Hill/Bulman leases ( Mar-April)

    5. Chile actual production/export ( May/Jun)

    6. Institutions get on board ( Jun/July.

    M/E price projections :

    Jan......12c
    Feb......15c
    Apr.......18c
    May......24c
    Jun........28c



 
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