That's a possibility, but with the top 20 shareholders owning at least 47% of the company any offer would (presumably) have to be pitched at a rather tasty premium. Having said that, if the share price languishes at low levels for too long, the premium that would need to be offered for a takeover to succeed could well fall. None of us would like to see that happen especially those of us who have sat patiently waiting for this one to bear fruit. Hopefully we might hear of some new Fe contracts soon. I don't expect any Li contracts before next year but that's not so far away now either.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
