there are a lot of short term punters taking profit as they...

there are a lot of short term punters taking profit as they bought in @17c, but the stock is reconsilidating above 20c level after ANZ issue is almost gone. of course, lack a capital is a headache atm, believe PT will sort it out as they always do. The new issue @21.5 is an indicator - which means they will have to put the SP above this level soon, and how to do that? of course ADY is never lack of good ann, a simple good news will push it up onto 22c level, but won't go too much higher as most of the management doesn't have enough shares yet (PT lost huge in ANZ issue and he hasn't got the money to re-enter to keep his stock level now, but he is working out with more money to buy in more shares before SP take off ) and this may take a couple of months, other management may also want to loan more money to buy in at current low stage and hope for the taking off soon. It's all about capital for the moment. So be patient - believe it is more risky to hold cash than to hold ADY shares for now as you never know when they are already with money to buy in and it will climb up when people neglected..