Tuesday, June 24, 2008

Stock Pick - ADY

My Current Stock Pick is Admirality (ADY.AX) current price 0.255

Admiralty Resources - Extracts lithium chloride and potash from a salt brine lake in Argentina.
- Operates 10 iron ore mines in Chile.
- Exploring for Nickel in Western Australia (Pyke Hill tenement) and lead and Zinc in the Northern Territory (Bulman Tenement).

Notable Events - Bulman Drilling Program to Commence 25 June 2008
- Admiralty Resources joins S and P ASX 300 Index 10 June 2008

Upcoming Announcements.... Shougang $40m deal, Lithium $50m tender and demerger getting closer?? Increased interest with Government funding hybrid Car Production due to high oil prices....

The chart below indicates a trend reversal with high volume.

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