I have had to start a new thread as HC search etc. does not appear to be working.
Technically speaking a close above 53c. is bullish.
Next chart targets become 70c, 90c and $1.00.
Let's not forget that ADU ran from mid 60s in November 2003 to over $1.50 two months later.
The company has continued to focus on what it is doing well - proving up measured and indicated ounces of gold. It was just overvalued back in early 2004.
Now with a much stronger gold price and a more bullish outlook for gold than back in early 2004 ADU has reached the other market extreme - of being massively undervalued.
This stock can move fast.
Selling depth is also currently very thin.
With a very exciting drilling programme commencing in the first week of this month I expect big things from ADU in coming months.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
