ADU 0.00% 71.5¢ adamus resources limited

Ann: Adamus Resources Reaffirms Full Year Product, page-7

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  1. 10,469 Posts.
    lightbulb Created with Sketch. 155
    re: Ann: Adamus Resources Reaffirms Full Year... It was a really strange day.

    ADU was actually down for a considerable period during the day while other producing goldies went positive a lot earlier. For a while I thought there must be something bad going on with ADU.

    The turnaround was on strong volume. It looked like people were buying back their shares that they had sold out higher up. ADU is now a solid producer. However, another major market turndown could force ADU's share price under 60 cents unless the POG goes up a fair bit.

    There are still a few days left of tax loss selling, and the goldies generally make their major advance from late July/early August so I am not expecting a lot of upside in the short term.

    On the other hand perhaps ADU is being accummulated by big players. The share price has really gotten beaten down.

    loki
 
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