Clotski.........sorry, was referring to UK (not US) Moneyweek newsletter - article posted on this forum by Nobby at 7am on 02 Aug in which writer talks about SQM then mentions ADY......haven't got anything new though am scouring for more info & am sure US would be looking at ADY after Phil went to New York to see some car manufacturers.
Even though he also recently visited Japan & China for the same reason (to spread the word) I also have to think that Phil being the astute person he is may also not want to sign a lithium deal too quickly just yet because as the need gets more urgent (& I'm convinced it will when oil shortages kick in at some time) then prices will rise & he could get much better deals if many nations were vying for it at once......doesn't ADY have 40% of the worlds lithium so maybe deals could be on the backburner for awhile waiting for demand to heat up - it's not as if ADY needs the money to develop it either as the iron ore money will help self fund the project & so he's not going to be held over a barrel with people wanting a big % of the project in exchange for financing which is a real bonus....this is the way I see it but we'll see what occurs down the track as I could be wrong.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
