I've been holding this stock since it was PKT as well. The early...

I've been holding this stock since it was PKT as well. The early announcements during that time were very promising for uranium (which was a hot commodity at that point in time). Actually, this played a big part in getting all the big investors to cough up the millions to find and mine the resource. Unfortunately, the management could see the uranium on top of the ground in many places but they couldn't find exactly where the main resource could be found, hence they were burning too much cash every time they drilled and came up empty handed. The uranium is there somewhere but you need the CASH and TIME to find exactly where it is.

In the end, management made a decision to pull back the drilling and use the cash left in the bank to ride out the Global Financial Crisis. During this long painful period the Management had no news to share with the market and the SP got hammered due to loss of confidence.

More recently the Indonesian opportunity has given ADD renewed hope and a new plan - earn some money faster through this Indo coal mine and then use this cash to go after the uranium in the existing Aus tenements. Either that or get some new supporters to buy in to the new vision and possibly inject some new cash and/or partnership to speed up the process.

Lets hope either of the above plans work because the shareholders have suffered long enough.