re: Ann: Commercial Production Commences at N...
Congratulation Hotfire
My main concern is the hedge and the likelihood of a significant dilution to shareholders to clear it. Clearing the hedge could turn out positive for ADU in the long run, but who knows.
When talking to ADU ealier this year I was told that they would be accessing their higher grade ore later this year after thy have relocated some village. The mining operation seems to be going pretty smoothly.
I may buy a few more ADU later this year, but mainly to trade them rather than for a buy and hold. I am uncomfortable being overweight any company and ADU now represents almost 10% of my portfolio/cash.
loki
ADU Price at posting:
67.0¢ Sentiment: LT Buy Disclosure: Held