Ann: Adamus Resources Reaffirms Full Year Product, page-5

re: Ann: Adamus Resources Reaffirms Full Year... cam

I am looking for some sort of a bottom in the goldies market before I start to buy more of them. I will add to my ADU holding if they stay so cheap, or sooner if it drops to around 50 cents. Buying against the trend can prove painful so I am not game to do this at present with too many of my fingers having been burnt.

It is a very good announcement. Basically they are saying that their production and costs targets are on track, how many goldies achieve that from their start of mining operations?

At its current price ADU is a much better buy than a heap of goldie explorers on the ASX. It has a positive cashflow and the funds to do a heap of exploration on extensive tenements in Ghana and Liberia.

The downside is the hedge of 275K ounces at $USD1075/ounce, which they will probably try to clear via a capital raising if the share price gets above $1.

loki