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0.00% 71.5¢ adamus resources limited

re: Ann: Commercial Production Commences at N... loki..can you...

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  1. Hotfire
    17,783 Posts.
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    10/05/11
    10:46
    Post #: 8377147
    re: Ann: Commercial Production Commences at N... loki..can you believe i got a partial hit (top up order)yesterday at 0.61.

    The only thing to be mindful is 290oz hedged at US$1075

    If they were to feed this out each year at a rate of 60koz then they are missing out on approx $16mil pa assuming current gold prices.

    So more than likely they may buy out the hedge (capital raising).
    ADU Price at posting: 68.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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