adu up on a down day and no news!, page-3

SaberX

I do not know when there is supposed to be a reserve upgrade. I think the rains in Ghana lasted longer than normal so drilling has only restared in the last few weeks.

Besides the merger I have no idea what is brewing. Can you see a takeover of the combined ADU/EDV once the merger has been effected? What I see happening is that with the proposed merger bigger institutions are taking an interest in the larger company with a long term view of being exposed to gold. The combined ADU/EDV will have a cash backing of almost $1.00 per share (before paying back any loans or reducing the hedge) and this puts them in a very strong position to pick up some cheap assets if GFC2 comes along in the near future.

Why do you hold if you have a long term sell sentiment for ADU? Did you buy at a higher price and are waiting to exit ADU when you can get you money back? ADU may be a ST Sell if you believe that GFC2 is coming soon or believe the merger is bad for shareholders.

loki