Hi fellow happy ADT investors,
I haven't made many comments about ADT, why I got involved or how I see things playing out; as the market hasn't been great so far in 2018 & I've had other things I've been busy with.
For those that don't know, I met with the LM that put the deal together earlier this year. I was doing a number of other deals at the time (as I thought it a good time to buy into a few seed ventures) & I was running short on cash when ADT was presented to me.
It was strongly recommended I consider this deal. I'm not sure if any of you have found yourself in this situation (I have a few times) so I dedicated some time & resources to DD. What I found was compelling, they were excited about this deal & genuinely thought it was the best deal they had ever put together.
When I looked at the historical drill results at Rupice, I saw this was a no brainer & as you do, I found the cash.
I guess that takes me to now. Currently only 2 holes have been drilled, both with sensational results.
The LM's have deep routed connections to mining funds, in fact I've just completed a deal in Canada & that business has connections with just about every Canadian mine through it's venture.
They were excited about the site visit & from what I heard, there will be more no brainer drill results to follow (that is me reading between the lines).
The number 1 requirement for an exploration stock to stay relevant is news flow:
As you can see, ADT will have news flow from the 2 sites that potentially have monster grades to announce for the coming months. The spec market has also been off for the past 6 months & with tax selling nearly over, I expect to see the whole sector start to come back in the near future. I suspect ADT could be a market leader in that space, similar to AL8 in 2017.
Management hold 34% of the company, escrowed for 24 months so they certainly believe in the project long term. There is plenty to like about the ADT story & for me, this train ride is only beginning..... There isn't much hype around the story just yet.
Good luck to all here, will be a fund ride!!!
- Forums
- ASX - By Stock
- Updated Resource Estimate (based on current results)
Hi fellow happy ADT investors, I haven't made many comments...
- There are more pages in this discussion • 576 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.50 |
Change
-0.010(0.22%) |
Mkt cap ! $1.159B |
Open | High | Low | Value | Volume |
$4.54 | $4.60 | $4.41 | $2.253M | 503.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 370 | $4.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.50 | 28571 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 367 | 4.860 |
1 | 2 | 4.540 |
1 | 50000 | 4.530 |
1 | 4500 | 4.520 |
1 | 283 | 4.500 |
Price($) | Vol. | No. |
---|---|---|
4.440 | 1019 | 1 |
4.490 | 779 | 1 |
4.500 | 225 | 2 |
4.510 | 870 | 2 |
4.520 | 370 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
$4.50 |
  |
Change
-0.010 ( 0.24 %) |
|||
Open | High | Low | Volume | ||
$4.55 | $4.59 | $4.41 | 123566 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
ADT (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online