liberia 3000 km2 for adamus , page-4

Thanks FeralM

Excellent research.

This is very positive for ADU. They will have the funds from cashflow to do drilling without further dilution. The only dilution is likely to be to clear the 290,000 ounce hedge at $1075/ounce (which I believe they are thinking seriously about if the share price get above $1/share).

I feel that ADU will be a slow mover and may get back well into the 60 cent range over the next 2-3 months during the usual market selloff starting April/May and the seasonal low point in goldies. Good luck with your entry point.

You may want to have a read of Hotfire's post 6503868
of 23 March about a possible takeover of ADU, as well other recent posts which cover some comments by its CEO's desire to clear the hedge, eg post 6492562 .

see
http://www.reuters.com/article/2011/03/21/us-adamus-idUSTRE72K0PZ20110321

Good luck.

loki