** buy/takeover coming??? **
With the takeover next door I am pretty confident that the majors are casting their eye on ADU.
Earlier this year I purchased TYC at bargain basement prices because I believed a takeover bid was odds on. I proved correct.
The current drilling campaign which started this month will probably make ADU even more attractive. ADU's resources are set to increase significantly from 1.2 million ounces - most measured and indicated.
There are also numerous prospects which a major, with far more funds, would be able to explore at a much faster pace than ADU.
ADU trading at a market cap of just around $40 million in a proven gold province, means it is a sitting duck, in my opinion, to receive a takeover offer - either friendly or hostile.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
