may be a good buying opportunity, page-3

Hotfire

Well spotted, and thanks for posting it.

I take it that ADU is just a short term trade for you, or would you wait for a possible takeover? I have been in since later 2009 and have added along the way. This was meant to be a long term investment in a gold producer.

I imagine if an offer comes it will be at a lowball price, say $1 or slightly higher.

Unfortunately the 290,000 ounce hedge at $USD1075 will constrain ADU's profitability for a few years.

loki