08/10/2007
ELK fools the day traders, while ADY seems strong
ELK continue rises after in the morning, up to 0.785 from yesterday close 0.42, but it falls to 0.49 near closing time. It fools so many day traders who following ELK this morning.
ADY has 40M$ value traded near closed. Maybe some good news will come out soon. ADY is a good stock like SDL,but I don't like ADY cause it already rise 20 times from the history lowest point 2 years ago.
other STOCK keeps silent.
Kenneth CHEN report 08/10/2007
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http://aspect.comsec.com.au/asxdata/20071005/pdf/00767029.pdf
ADY.ax news
Admiralty Appoints New Managing Directors
Robert Michael Clarke – Admiralty Resources NL
Phillip Thomas – Rincon Lithium Limited
Highlights:
• Admiralty Resources is embarking on a demerger of its core projects, the Cia
Minera Santa Barbara iron ore operations in Chile and the ADY Resources Ltd
Rincon Salar lithium project into separate Australian listings, which will be ratified
at an extraordinary meeting of Admiralty Resources shareholders in February or
March 2008;
• Robert Michael Clarke has been appointed Managing Director of Admiralty
Resources NL and commenced his duties on 5 October 2007. He is responsible for
the Australian listed entity and its interests in the Cia Minera Santa Barbara
project.
• Phillip Thomas has been appointed Managing Director of Rincon Lithium Limited,
and will remain as a Director on the Admiralty Board and will be appointed
Chairman of the Board of Cia Minera Santa Barbara shortly. He is also
responsible for the Bulman and Pyke Hill projects.
• Anthony Blumberg currently a director of Admiralty Resources will also continue
as a Director of the Rincon Lithium Ltd business when it lists. It is currently a
100% owned subsidiary of Admiralty Resources NL. Two other directors will be
sought closer to the time of listing, expected to be March 2008.
• Admiralty will announce the cut off date to shareholders for entitlement to the new
Rincon Lithium Limited shares. Demerge details are posted on the website
www.ady.com.au under news, commentary.
history links
- MSC Minerals Corporation Limited-Green Cement Products
- Halcyon Group Ltd (ASX:HCY) announce results of metallurgical testing of its Canegrass Nickel Cobalt Project
- MINERALS CORPORATION(MSC.ax) TO EMERGE AS ONE OF THE WORLD’S LEADING CHINA CLAY COMPANIES
- HCY-SOLID NICKEL & COBALT DRILL RESULTS AT CANEGRASS
- New Cold War over oil written by William
related links
- 6 PRE-ALERT Indicators -- traders' useful tools
- Daryl Guppy-one of Australia’s most well know and respected traders
December 12th, 2007 at 3:19 pm
[...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here's a quick excerptMinera Santa Barbara iron ore operations in Chile and the ADY Resources Ltd Rincon Salar lithium project into separate Australian listings, which will be ratified at an extraordinary meeting of Admiralty Resources shareholders in ... [...]