It is hard to argue with your rating on past performance. However it is easy to rate something on its past performance. Looking back what would you have done differently that would have given a better rating at this stage. The prospects were there (and still are). The drilling was done on the best available information at the time. The results were encouraging even if not dramatically successful.
Remember ADI was and still is a spec stock. As such there is a possibility of failure just as there is a possibility of huge success. One has to invest or stay invested on that basis.
The big question is "how will ADI rate this time next year. The outlook looks promising. I'll stay invested on that basis.
ADI Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held