SPI suggested to your previous post that ADU was a buy, but you...

SP

I suggested to your previous post that ADU was a buy, but you did not see this company as good enough for you. Well ADU's share price has doubled since you posted.

There is still more upside in ADU in the medium term, but on a percentage basis it is less so then in March 2010.

The market understands the cost of the hedge. It will constrain profits over several years, but ADU can increase production and it will eventually have no hedge. It is also becoming more valuable through exploration which it will be able to fund from its cashflow.

ADU is a good long term investment for those seeking exposure to the longer term growth in the price of gold.

I would only sell if I saw GFC2 coming and thought the gold price was going to fall below $1100 for an extended period.

loki