Market action indicates this stock is still "on the nose" with plenty of gold investors.
Oh well, guess there are plenty of disgruntled shareholders who paid 70c. to 88c in February/March this year (even as high as $1.59 in January last year.)
Gues that's why ADU's price will never recover. After all, we know the price of gold is really US$364 now, not US$464.
We must also think that ADU's measured and indicated gold reserves are a figment of someone's imagination.
Not only that, the takeover next door to ADU obviously didn't happen.
What about ADU's current drilling to further increase reserves? Well, if ADU's measured and indicated gold reserves are a figment of someone's imagination then so too must be the drilling.
I guess that's also how smart investors pick up bargains. For them someone's trash becomes their treasure and they sell out at much higher prices when it becomes everyone else's treasure and what was so blatantly obvious to them is now believed and being pushed by every Tom, Richard and Harry.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held