This short note is for those fore-sighted people in the forum who owned ADY when it was developing the "Rincon Salar" lithium deposit in Argentina. It was to be a large low cost operation. I did my research (on the deposit and the market, but not on the personnel involved) and bought a substantial packet of ADY shares
Remember how ADY mysteriously bought into an "iron ore" prospect but then had to sell the Rincon Salar deposit to a company of unknown background based in the Virgin Islands, to pay for rapidly mounting debts. So you guys THOUGHT you got screwed then.
I sold out at a big loss
The FMC corporation subsequently quietly acquired the Rincon Salar deposit and now has a forecast annual earning of between $90M and $110M from it.
So now that you have read this, you KNOW that you got screwed!!
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This is what happened to the Rincon Salar deposit
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Last
1.2¢ |
Change
0.004(50.0%) |
Mkt cap ! $19.55M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.2¢ | 0.8¢ | $21.79K | 2.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 196923 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 145334 | 1 |
View Market Depth
| Last trade - 14.53pm 07/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
0.004 ( 71.4 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 1.2¢ | 0.8¢ | 286500 | ||
| Last updated 14.51pm 07/05/2024 ? | |||||
| ADY (ASX) Chart |