I have been impressed by the way the company has kept its focus.
I don't mind when a company has numerous negative posts here when I think the company is doing the right thing.
It means its shares are probably at bargain basement levels. That's the ADU share price right now. Its indicated and measured gold in the ground is valued at peanuts. This is currently 1.2 million ounces and in my opinion likely to be easily increased to well over 2 million ounces.
But true to form HC will be filled with numerous posts about a company like SBM which has already risen over 200% in the last few months.
(That's not saying that SBM is overvalued. It's basically the way of HC. It's much easier to trade SBM)
There are plenty of pure specs out there with basically nothing more than hope capitalised at more than ADU.
It's absolutely ridiculous - ADU's near surface gold - most of it is the measured and indicated status, NOT inferred, is currently worth about AUD 800 million.
In view of the takeover next door ADU is also a standout for a takeover, possibly in the next six months.
This prospective takeover would have to value ADU's 1.2 million ounces of gold plus huge exploration upside several times ADU's current market cap of around just AUD 45 million to have any chance of succeeding.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
