ADY 0.00% 1.1¢ admiralty resources nl.

They may have money to invest. It doesn't mean they have money...

  1. 171 Posts.
    They may have money to invest. It doesn't mean they have money to throw away. ADY really just owns the mining rights to a hill or something. Iron might be fairly hot right now, but there are mountains all around the world just waiting to be processed. Iron might be fairly valuable, but that is only because of explosive growth. Iron is everywhere. Once supply catches up to demand, I don't really think ADY's piss-ant little patch is going to be worth much. And don't tell me "low sulphur" like ADY is the only company that can produce fines with the right chemical composition. This is not a down ramp. I am a holder who just has so little left that I don't really care what happens anymore.
 
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