ADY admiralty resources nl.
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  1. stillthefoxhat
    4,334 Posts.
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    19/03/09
    10:26
    Post #: 4920363
    Supply and demand will dictate everything. We have a large supply and dwindling demand.
    IMO companies like ADY will not survive the next year or 2. Even many Juniors with good deposits will not survive the next round of price reductions.
    China demands a 50% reduction in Ion Ore price.

    http://www.miningweekly.com/article/china-mills-demand-2007-iron-ore-prices-shougang-2009-03-11

    IMO this will kill off many juniors especially ADY who couldn't make it work in the good times,
    they will have no show now.
    18 months or so ago I suggested we should sell our Iron Ore business and concentrate on the Lithium but I got bashed.
    Turns out that would be a good thing IMO.
    ADY Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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