ADU 0.00% 71.5¢ adamus resources limited

NGImpatient? Looks like it. The drop into the 50 cents range was...

  1. 10,469 Posts.
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    NG

    Impatient? Looks like it. The drop into the 50 cents range was a time to pick some cheap ADU up for a trade or to add. Sell around 80-90 perhaps, but not around 60 cents unless you are sure of something better or think the market is going to tank badly and take ADU down a lot. I agree the upside seems a bit limited beyond around $1 because of the hedge and the threat of further dilution to pay it off. However there is plenty of further upside though drilling and mining the sulphide-complexed gold, in addition to a higher POG.

    My views on NMG are on the relevant thread, and I have recently bought into them.

    Good luck with your new investment/s. This has been a very frustrating period with pretty much all goldies giving up 30-40% of their recent gains. Ihope we do not have GFC2 around the corner.

    loki
 
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