ADN

[miner]

As it's one of those fun watching paint dry days thought would do a post on this one.

The old half an eye saw them again yesterday when they had some vol,they are due to ann dril results and someone is buying.

They have a lot of interesting ground and dosh to drill etc,they have newmount on board.

As far as I know south ausy has not been explored much by the big boys,so if they hit the good stuff could do well.

So worth the old half an eye.

Cheers
Miner

[miner]

Ok so far and no ann yet.

Cheers
Miner

[newz]

Good call Miner
Have a good weekend
Best wishes

[miner]

Ta Newz mentioned on hot tips yesterday,may be wrong but looks suss to me,given a trade so far anyway,but will wait and see what next week does,have a good W end too.

Cheers
Miner

[miner]

Keep an eye on it,ADN 11:19 AM ! Discovery of Gold at Baggy Green .

Cheers
Miner

[Packersoldkidney]

This is starting to look like a Miss Universe pageant. Optically pleasing. Which is to say, as a previous poster on this thread has stated, you should keep an eye on it.

[Packersoldkidney]

Big day today.

[davidrob]

Adelaide Resources (ADN)

Thanks Packman !! Bit a 'stuff up', with starting the last ADN thread. Oooops !! [:I][:I] [B)]

Did a search on Adelaide Resources, but not ADN, so came up with a Blank and started a new thread-- which makes me the official: Sausage for The Day !! [:o)][:o)]

Needless to say: even though ADN is up 15-18% again today, I am still Buying and rate Adelaide Resources: ADN -- as a Strong Buy. [:p]

With Illuka(ILK) committing to a Million Dollar Spend plus putting in a lot of the Buying to have a 50% Interest in this now High Qualtiy Zircon Discovery--

For all of us who now Know the Zircon Story why not take advantage of your Zircon market study and knowledge?

A summary of ADN is re printed below, but first take the time, if interested to look at latest the ASX announceement yourselves, and see this latest proven up discovery for ADN :

ADN Should rise top just shy of $1.00 -- over next 30 days; I would estimate .... -- but that is just my own view, and not advice:

Adelaide Resources NL (ADN)

Adelaide Resources NL (ADN) is a minerals exploration company, primarily focused on copper and gold projects in the Gawler Craton of South Australia.

Warramboo:
Situated 175km north of Port Lincoln and prospective for iron ore. The ore is co**** grained magnetite gneiss with high iron purity. Scoping study showed the project could have the potential to be developed into a mining operation, producing 2Mtpa of magnetite concentrates, railed to Port Lincoln. As at March 2005, AND was seeking an exploration JV partner.

Colona Joint Venture
JV formed with Iluka Resources Limited to explore heavy mineral sands in the Barton-Colona area of the Eucla Basin in the S-W of South Australia. Iluka will earn a 51% interest by expending $1m over 5 years. Once Iluka has earned its 51% interest, ADN has the option of contributing its 49% share of ongoing expenditure or alternatively reverting to a 30% interest carried to completion of a positive bankable feasibility study.

Eyre Peninsula Joint Venture:
Comprises several exploration licences prospective for copper/gold on the northern Eyre Peninsula in South Australia. In March 2005, an exploration partner Newmont Australia Limited withdraw from the project after having spent $2.2m. Drilling has intersected 13m @ 1.6g/t Au and 11m @ 2.3g/t Au.

Rover Project
The project is located 75km S-W of Tennant Creek in NT and is prospective for gold and copper. The project has been acquired from Newmont Gold Exploration Pty Ltd for $400,000 in exploration commitment. Newmont holds a 1.5-2.5% net smelter return royalty and an option to buy back 70% in the project, should a resource of at least 1.5Moz Au be discovered. Drilling is planned for the 2H05.

Other South Australian Projects:
Moonta Wallaroo(100% diluting to 30%): The JV encompasses the historic Moonta-Wallaroo copper-gold mining district. Phelps Dodge is spending $4m to earn a 70% interest in the project. Drilling in the March 2005q intersected 11m @ 1.24% Cu. Barton Nickel JV: The JV with Inco Resources is located west of Tarcoola. Through a spending of $2.3m over 4 years Inco can yearn 60% in the project. Mount Woods South (50%): the project is a JV with Perilya Limited and is located in the northern part of the Olympic copper gold province in the eastern Gawler Craton.

Kindest Regards,

Robbo :):)

[Packersoldkidney]

I think this one has a lot more in the tank as well, Robbo. Not a matter of if, but when, I reckon. The mineral sands find was always on the cards: the area is probably the richest area in the world for mineral sands, and ADN has a stake in it. The recent drilling results back this up, and there are more results ahead.

[Dazza]

on friday we saw a huge rise nearly 100% at one stage. today it stabilised at the 40cent mark

david, what prices did u buy in at ? are u able to disclose that?

i see from the charts it 'was' rarely traded ie under 100k daily prob

whereas in the last 2 trading days its in the millions.

is it too late for me/ is it overprised now?

*looking to buy something with my profits :D*

[davidrob]

ADN (Adelaide Resources)

Hi Dazza,

My interest in ADN has been long standing; due to my extensive previous and current Research in Zircon Investments... which of course, YOU DO know all about Dazza !!-- 'vis a vis' Matilda (MAL) (as do many other investors here at Sharetrader ! ) -- ;);) :) and in assessing the difference between illuminite and quality Grade Zircon... at above 55% and preferably 59-60% Zircon....

Dazza, I (and a colleague in this instance) -- may have invested in ADN at average of approx: # 29 cents... BUT have not sold ADN ... as a Market Cap for this potential world class (in terms of sheer Size) Zircon Resource -- of a current $30 million, in my view, is still IMO.... ridiculously low....

As is the usual, am in for the loooong haul......

This is especially the case; when one understands & takes into account, the Illuka (ILK) connection.... and the apparent Packer/Ron Walker / de Cresprigny donnections with this corporation....

This makes, IMO..... "the deal" involved in the ADN play much more favourable in my view, for Investors....

ie: In my assesssment, This sort of Potentially massive High quality Zircon Investment Play Dazza has a few rare qualities and aspects, including the potential access to serious Big Bucks of Heavy Hitter Investors,(via Illuka) and this is on many, many .... fronts....

The Instos will soon, IMO-- hopefuly, when everything begins to crystallize, in my view, really want to Eat and want to Gobble this share right up .....

My target therefore Dazza, for ADN, is around the Market Cap of $110- $120 million mark, in the first instance ...... (ie: share price say discounted a bit for whatever future risk at: # --($1.40 -$$1.50)-- is my guestimate ???

....>>> -- but of course, for those sort of prospective gains, one will have to be a tad patient (3- 4 months ?? ) -- and there is always "some" spec risk with that Dazza -- as it IS a Mining Advanced Explorer .... -- but some of the recent announcements by ADN -- in my view, and the current share price in my view, is far too low a share price.... and therefore for me, take a larger degree of the long term Risk out of the situation in my view.

There in there is 'somewhat of a "Measure of Safety"- factor-- all things considered-- for what I perceive [:p][:p]-- to be the overall risk profile... for the medium term....


-Certainly Dazza, with Zircon at US $700 - $750 a tonne.....[:p] This does not hurt a bit of course [:p], and demonstrates that global Demand and Supply is, ....by the looks, on the side of medium term Adelaide Resources (ADN) share Investors...

errrr.. ....do not also forget, the Uranium and Gold with Adelaide Resources (ADN) ( Refer to recent ASX announcements) but my Primary Interest, and valuations, is in what I have referred to above vis a vis the Zircon and Illuka 50% tie in) -- Dazza!!)

Regards,
Robbo :)

Disclaimer:
These above expressed opinions are not, ....and must not, be construed as being financial advice. It is only one possible subjective opinion and view and is only a personal opinion. These comments are expressed only on a: 'without prejudice basis' and are not warranted for there veracity. Furthermore these views and comments, ought not to be relied upon, in any way whatsoever. These comments therefore are nothing more and nothing less! Always seek independent financial advice you can verify and know, and can reliably trust, when making your own investment decisions.


Hope that may be of some help - ??-- Dazza,:)

Kindest Regards,

Robbo :):)

[davidrob]

Adelaide Resources... ADN

On 101 Core Investment Principle of: ...... " Buy when everyone else is selling, and hold until everyone else is buying " .......

Getting ready to see where the re trace bottoms out, and might Add more Adelaide Resources (ADN) .....[:p]

Kind Regards,

Robbo:)

[davidrob]

Adelaide Resources. (ADN)

--- Very interesting Price and Volume action today---

ADN -- Was down 8%, then evens, then down 2%, then up 3%, finishes just a tad down I think....

But look at those sizeds of the BUYS when they swoop in from outside the depth....

Watching ADN with Extreeeeme interest....

Need to remember, IMO.... that there are Instos in this vehicle....and also the Illuka play....

Somethings may....... be quietly Brewing ??? [?][?]

Motto:
“Buy only when everyone else is selling, and hold until everyone else is buying .”
J. Paul Getty.

Kind Regards,

Robbo :):)

[davidrob]

ADN Adelaide REsources

Here we Go Up again.....

This ADN is one of the Better BIG Potential High Grade Zircon Explorers --

And of course, with the Illuka particpation in Zircon and with the Copper/Gold Rover Project Factor in the Northern Territory.[:p]-- ther are now IMO --- two (2) Major Company makers at work here.

My Share price Target For ADN is: 62 cents as a Lower Level conservative Floor Price by Christmas. But it must be said, that ADN is still somewhat a Speccy....

And that High Potential will just be a 'Scratch on the Beginning of the scratch'.... IMO....

Watchlist: Adelaide Resources (ADN)

Kind Regards,

Robbo :)

Disclaimer:
These expressed opinions and comments are not, and ought not to be construed as being in any form, financial advice. They are not financial advice of any kind. These comments are only one possible subjective view and are only a personally held whimsical and subject to change and qualification, opinion. These comments are not officially sanctioned and therefore are expressed only on a: 'without prejudice basis' -- and are not, repeat NOT, warranted for there veracity or authenticity. Furthermore, these views and comments ought not to be relied upon, in any way whatsoever. These whimsical thoughts and comments therefore are, nothing more and nothing less than a contribution to “web site chat’! So remember to Always seek your own authorized independent financial advice that you can verify and can rely upon and trust… When making your own investment decisions.

Motto:
“Buy when everyone else is selling, and hold until everyone else is buying .”

Regards,

Robbo :)

[davidrob]

Adelaide Resources. (ADN)

Saw this nice strongly supportive article for Adelaide Resources (ADN) by Trevor Sykes re Adelaide Resources (ADN) in the: Australian Finanical Review ( AFR )-- this Saturday...... 18/11/05 --

Nice to be on his "good side" This time..... ;)

See lightly edited version re-printed below....


>> .... Ancient shoreline harbours a Zircon Bounty for:

Adelaide Resources (ADN)

by AFR writer, TREVOR SYKES

19 November 2005
Australian Financial Review.

“ ….Shareholders in Adelaide Resources - - Should be breaking out the bubbly this Christmas…..”

DOWNTOWN --- with Trevor Sykes.

" ..... Better still, Adelaide Resources chairman Keith Yates told his annual meeting on Wednesday that heavy minerals were also visible in parallel drill holes one kilometre to the north and south of the discovery hole, indicating this could be quite a large deposit or series of deposits.

The heavy mineral content in the discovery hole ranged from 1 to 2.9 per cent, averaging a spectacular 63 per cent zircon. This is good news for Iluka and its joint venture partner at Tripitaka, Adelaide Resources.

Shareholders in Adelaide Resources - - should be breaking out the bubbly this Christmas.

A year ago, Iluka hit two similar deposits named Jacinth and Ambrosia on its wholly owned ground 90 kilometres north-west of Tripitaka. Jacinth and Ambrosia contain an estimated 8 million tonnes of heavy minerals grading 55 per cent zircon.

Shareholders in Adelaide Resources - - should be breaking out the bubbly this Christmas. The three deposits are ……. very rich and added together amount to a whole new mineral province.

There is also good reason to suspect more mineral sands will be found.


The discoveries by Adelaide Resources (ADN) have been the result, of some fascinating geological detective work.

The companies have been following the ancient shoreline of the Great Australian Bight, which ran some 200 kilometers further north than it does today.

The Adelaide Resources (ADN) geologists have not only traced the outline of the 40 million-year-old shore, but have worked out that the long shore current ran west-east.

The drill targets are any J-shaped bays that faced westward because these are where the swirling currents would have winnowed out the heavy minerals in a very similar action to that used by a prospector in a panning dish.


By good fortune all three deposits contain abnormally high grades of zircon, which is now selling at $US600 a tonne. Zircon is mainly used in ceramics but also in refractory and foundry bricks. Demand for zircon is mainly from Asian markets and although the market growth is relatively modest at 3 per cent a year, prices are rising because of its scarcity.

All three deposits will be easy to mine.

The heavy minerals are at shallow depths in light earth. The 800-metre strike length of Tripitaka is six metres below surface at one end and 20 metres at the other.


Treatment will also be easy. Clay content is low, which means /Adelaide Resources/Illuka will avoid the heavy slimes that are the biggest plague of mineral sands deposits. Simple gravity and water separation should wash almost all the co**** sand away from the heavy minerals, so capex on plant should be low.


The other good news is that Jacinth and Ambrosia are on good sites for transport, being a mere 40 kilometres from the Indian Pacific rail line that could cart the heavy minerals to Iluka's separation plant at Hamilton in Victoria. Tripitaka is further from the rail line, but the minerals doubtless will be freighted the same way.


South Australia has proved it's highly prospective for minerals. Shareholders in Adelaide Resources(ADN) - - should be breaking out the bubbly this Christmas.
------------------------------------------------------------------------
---------------- ends ---------------------------------------

Kind Regards,

Robbo :):)

Disclaimer:
These expressed opinions and comments are not, and ough

[Dazza]

good on ya rob, keep up the good work
im in at 43
i brought into it when it was sliding, and was horried to find it went as low as 40.5

its 44 on friday which i am very happy with, will see how the raiders play this one out.

have a stop loss at 25% loss, and will execute without remorse

[davidrob]

Adelaide Resources (ADN)

Dazza maaaate, --

I do certainly trust that you are crating up those Crisp Cold Crownies on their well earned way... here to The PUB mate !! .... [8D][8D][8D]

-- errrr... ADN up 10.5% this morn.....[:p]

Kind Regards,

Robbo :)

[Packersoldkidney]

This will go to the Reration Station at some stage, at which time holders will become the Remuneration Congregation. As to when that will be I've got no idea.

[Dazza]

aye to that robbo, good to see its in the green instead of the red now :D

but the crownies are coming from CAZO!! im up 350% wahooot

stink i sold half at 110% gain, but my tiny holding is still up 250% muhahahha, and its expected to hit $4 sources at HC says... but meh its a LT hold for me , and looking to buy more , hope to see it come off a bit tomorrow, was going to rush and buy some today but nar, i cant wait :D

regards

[davidrob]

Heah Daz,

I think from memory, we spoke about CAZO on/via, the email??-- and I mentioned it (CAZ) .... could indeed Go to The Moon...

So I reckon your feeling rather Lunar these days eh what !! [:p];)

Well Done Dazz....

Good idea IMO.... to Pyramid Down and take the Profits OFF, repeat OFF the table, like you have done Dazza , and BTW, Never Ever Ought you to Chase Profits on A rising Stock....IMO.... Too much downside exposute to Losing your Profit Gains mate ....

But that is only My Experience and the mathematical averages, Speaking...Dazza ....

ie: The Up Side if you do the former NOW (Take all your Profits) , is all a Win Win Win for Dazza.... and I do not mean just on the Caz part of ther deal .....here for you Dazz...

The %age you have now deservedly gained Dazza, (on CAZ) is Excellent and enough in 98% of the cases....But again that is only my view....

While the Deep Danger, and unnecessary Exposue for you Dazzzz, by Throwing your Just won Improved Profits position and Capital back at the Rising Stock after the rise opens the previous Good Safe " Play " of your Position; up to a reduction in your WIN size quantum..... considerably... and could undo all your good work Dazza.....

Go to cash ASAP is my view. Know how to say the Word "Sell" and know how to physically Bank CASH!! Sounds simple. But you still have to physically execute the Order, and close out your excellent positon....

And guess what Dazza...??

There is and will be .... another Caz and another SEN etc etc...another soon in the future, time in the Future .....for you to plough some of your Profits into, with a High Margin of Safety and as an Investment and not just as A Speculation..

So IMO .... Get your Profits swigtly into your Bank.

Keep you Head Dazza,Do Not and Never Chase A Stock, have a Cold shower, Enjoy and Bank your deserved Profits, do not be Greedy, and do not just think with your Balls like I am prone to do !! :);)

Well Done mate: Lock em in (your Profits) But tha is my experience and jsut my own experience and thoughts ..... and avoid Greed.

So do not Chase Dazz, and if you have done so already ..... and bought too high, IMO..... undo the boo boo quickly.... while you can ....

Take the Loooong Broad View... and you'll be very Rich Dazza...

Kind Regards,

Robbo:)

Disclaimer:
Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts, sometimes experiences, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.
Kindest Regards,
Robbo :)

[davidrob]

Adelaide Resources... (ADN)

I Liiiike The Boy !! [:p];)

Regards,

Robbo :)

[Packersoldkidney]

Mammoth close for this stock.

[davidrob]

ADN Adelaide Resources (ADN)

Agree wholeheartedly Pakman...

And those Buyers were not just all: Private Punters Today....

Do I smell:

"a furhter announcmnet re: the deal with Illuka .... or something else (announcement) in the wind...??"

Volume today for ADN was north of $600K.

Regards,
robbo:)

[Dazza]

regarding ur post be4 robbo,

thanks for yet another valuable share investing lesson :D

i have calmed my nerves after reading ur posts and also shopping today currently in hk on holiday :D

my spec strategy remains, to sell half at 100% to lock in my initial capital, and leave the remaining half to grow and prosper.

i can sleep much better, knowing that i have my initial investment and fees locked back into the piggy bank *or should i say ADN :D*
and still have some exposure in CAZ at my initial purchase price.

regarding ADN, what happened to todays 25% odd move? i see no announcements or anything.

im guessing, that its just slowly rising to the 60cent mark, afta the retracement from last times GIGANTIC leap :D

im glad i boarded at 43cents :D

[davidrob]

ADN Adelaide resources

Comment here is thte Sheer Strength of the institutional and Larger Sized Buying.....

Adelaide Resources (ADN) Touched 60 cents today -- with 5 trades and $44, 000 going through--- at the Big Six Oh (60) ... and ....

also $ 187, 000 steamed through, at only half a cents under that, at 59.5 cents, which was also the Strong Strong Close for ADN today .....

All of that might Beg the question: What do some of The Big Boy Buyers know and why are they so so confident??

-- .... coz this is not jsut Day traders operating and Buying ADN in large swathes as they wade in with The Cheque Book....... but rather larger Money taking a Longer View to Hold at least for another period , at least from what...... I think .....we
can see ..... ??? --- ;)[?];):)

Regards,

Robbo :)

[Dazza]

i agree that the big boys are moving IMO aswell, point is,... no announcements? so whats happening?

obviously postive news
im up 40%, and is an easy 50% for those that brought at 40-2cents

looking for maybe another strong day tomorrow, as it closed near its high today

regards

[Packersoldkidney]

Another towering performance today: this one will keep on going if general market conditions allow and the next drilling results back up what has been found already.

Keep an eye on the Eucla: it is the best new mineral sands spot on planet Earth. ADN will always outperform the Bemax's of this world for reasons that mineral sands aint always mineral sands. ADN's mineral sands most definitely IS mineral sands. Congrats to Robbo and Dazza on this one as well, ADN is flying up with a bullet.

[Volcano]

ADN looking very bullish. The only problem I see for ADN is H2O.

Check out GUN as well, it has 3rd largest Zircon mine in the world, and could be approved in the next few weeks, could move even more then ADN and be a t/o target from ILU or BMX?

[davidrob]

Adelaide Resources (ADN)

Adelaide Resources ... ADN

Such an obvious lot of Sillies, IMO, hitting the Stop Loss Orders, and Giving the Institutions their Hard Earned ...

So unnecssary too. Wow.

After Instos….... flush out the Day Traders who are forced short presumably -- ??-- ,IMO -- then ADN will resume its steady trajectory to north of 85 cents minimum IMO ....

Ought to just sit tight, relax, and See Full significant greater Value come to fruition over the next few days IMO...

Adelaide is Pure Quality and Panicking is really most unnecessary and silly, IMO......

Classic small retraceemnt, from where I sit.

Will Go up again either this arvo, or tommorrow and have another Good run next week, is my best guess.:):) Very very relaxed personally with this Solid Share.

Kind Regards,

Robbo
Motto:
“ Buy when……. everyone else is selling , and ….. hold until everyone else is buying.
This is more, than just a catchy slogan. It is the very essence of successful Investment….”
J. Paul Getty’
Disclaimer:
Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts, sometimes experiences, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.

Kindest Regards,

Robbo :)

[Packersoldkidney]

This will bounce at some stage; I produced a first the other day when I actually sold some of my holding at the top, I'll be looking to bring my holding back to par at some stage.

[davidrob]

ADN

Hi Packman,

When do you reckon we'll see THE SURGE again with Adelaide Resources ADN....

My Prediciton is starting quite strongly on Monday -- but real Strength by Tuesday....

As you know Packman, we hit mid 60's on the previous High... but think we'll get to mid seventies - to early eighties, for ADN this time....

Kind Regards,

Robbo:)

[Packersoldkidney]

Yes, I think this will bounce this week, Robbo: the next drilling results aren't too far away, and providing general market conditions stay relatively strong and the drilling results are good these will be a steal under 90 cents, let alone what they are at the moment.

[hero]

Robbo and packers. Hope you guys are correct. Got a bundle of these last Thursday at 61-62c and Friday at 55c - having missed the earlier run-up. Looking for a bit of Z excitement while waiting for MAL to awake from the EIS doldrums (which it most certainly will - bu maybe not until next April or May)

hero

[Packersoldkidney]

quote:Originally posted by hero

Robbo and packers. Hope you guys are correct. Got a bundle of these last Thursday at 61-62c and Friday at 55c - having missed the earlier run-up. Looking for a bit of Z excitement while waiting for MAL to awake from the EIS doldrums (which it most certainly will - bu maybe not until next April or May)

hero


I think the bigger buyers are now waiting for the next set of drilling results, Hero. It does sound like a risky ploy to be relying on the next set of results, but the Eucla is the best unexplored zircon/mineral sands deposit on mother Earth, so most people (including myself) are merely waiting for results confirming what we think is already there.

[hero]

quote:Originally posted by Packersoldkidney

I think the bigger buyers are now waiting for the next set of drilling results, Hero. It does sound like a risky ploy to be relying on the next set of results, but the Eucla is the best unexplored zircon/mineral sands deposit on mother Earth, so most people (including myself) are merely waiting for results confirming what we think is already there.


Thanks for your response POK. I've had a good look at the announcements and other material on the ADN and ILU web sites - and yes, the geography and further prospects look outstanding. Happy to take on the risk. Cheers and kind regards

hero

[davidrob]

Adelaide Resources. (ADN)

Spot on, IMO, with your excellent remarks, thoughts and comments here guys.

Spoke to Chairman of ADN,and the ADN Miing Mger, and the Results for Tripitaka will be out by next week at the latest.

Back of envelope Valuation calcs for ADN will then be able to proceed.

Already done some rough sketches, and so far I have put 85 cents on a conservative basis, with a new Floor Price for ADN at 75-77 cents.

But much of the smart Money, IMO, will probably sit and Hold, coz they'll go JORC by March/April with a sequence of anouncements through Jan/Feb and March.

If the Resource is Confirmed, then north of $2.00 is,IMO.... the Big Eeeese .... easy a Go,that is, IMO...

Positive extensive article focussed on the world class of ADN, by Trevor Sykes, in the AFR, probably did not at all hurt allay any concerns either....;).:):) ie: Everything looks very very postive indeed.

Regards,

Robbo :)

Robbo's Motto: “ Buy only quality when .... everyone else is selling , and.... hold until everyone else is buying.
This is more, than just a catchy slogan. It is the very essence of successful Investment...... ”
J. Paul Getty’

Disclaimer:
Views expressed above are unwarranted. These views are not to be read as warranted, either expressed or implied, for their accuracy or veracity.
Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts, sometimes experiences, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.

Kindest Regards,

Robbo :)

[hero]

Robbo - are you still expecting a drilling results update this week 'at the latest'?

Waiting patiently for the next run.

Here is an interesting and positive article on ADN courtesy of a HC poster.



Feature Story Date: December 08, 2005

Adelaide Resources Answer The Sceptics With Tripitaka Zircon Discovery In Eucla Basin

By Our Man In Oz

Five months ago, Minesite irreverently suggested that investors were uncertain how to treat Adelaide Resources, a try-hard explorer which had done little to attract attention during its nine-years on the Australian Stock Exchange. It was an observation that Adelaide’s chief executive, Keith Yates, delighted in referring back to when pointing out last week that nine years in the wilderness are over. “We’re really confident that we are sitting on a company-maker,” Yates said of the Tripitaka zircon discovery in the South Australian section of the sprawling Eucla Basin. “We need to do more drilling, and there’s a lot of assay work yet to be carried out, but there’s every chance that this is a world-class discovery.”

The market, as guilty as Minesite of ignoring Adelaide, is voting with its wallet. The first report of assays from Tripitaka on November 11 saw the stock more than double in price, from a lacklustre A28.5 cents, to A60 cents, which is about where it sits today. What was even more interesting than the sharp share price move was the fact that the discovery passed almost unreported in the Australian media. Zircon, it seems, is not sexy, especially when there are fortunes being made in iron ore and coal, and with gold starting to generate a head of steam.

The next few months should see a substantial re-education of the media and the market because the rule book governing the zircon industry, and its sister minerals of ilmenite and rutile, is on the verge of being re-written. Tripitaka is the third significant discovery of what used to be called beach sands, or mineral sands, along what was once the southern shore of Australia, a place where near-perpetual westerly winds have built up deposits of heavy minerals eroded into the sea from the ancient Australian landmass. “What we’re looking at is Australia’s southern shore of 40 million years ago,” says Yates. “It’s a place that has received very little attention, but as we unravel the geology it holds the promise of being one of the world’s great mineral provinces in the 21st century.”

Adelaide’s involvement in the Eucla Basin is largely attributed to the dogged determination of Yates to make a big discovery in his home state of South Australia. He has tried to do that with gold, nickel, iron ore and copper. He’s come close, but never quite close enough. His run of near-misses changed when he struck a deal with the world’s biggest titanium minerals miner, Iluka Resources, in what is called the Colona Joint Venture with 51 per cent of the equity going to Iluka and 49 per cent to Adelaide. On November 11 the JV reported the results from their first line of drilling into the soft sands that cover the surface of the Eucla Basin, including 15 metres assaying 2.9 per cent heavy minerals starting 6metres from surface with 63 per cent of the heavy material being the most valuable, zircon. More assays are due soon, and more drilling will follow in a series of so-called “fence lines” across the structure, starting early next year.

Yates acknowledges that some investors struggle to get excited about zircon, that is until you consider some of the numbers. Over the past two years, as demand has risen in the ceramics industry, and supplies have fallen, the price has risen by 50 per cent from around US$400 a tonne to US$600 a tonne. Better still, it’s continuing to rise because ceramics, if not zircon, is definitely a sexy subject. “It’s still early days, but if this had been a gold discovery there’s no doubt that we would be talking about something pretty major,” Yates said. He declines to put comparisons on Tripitaka but a back-of-the-envelope estimate is that it is at least as big as two earlier Iluka-only discove

[hero]

Hi there Robbo, POK and Dazza!

Great day for ADN :D:D

Further drilling results must be close. Let's hope its a 'company maker' as alluded to by Keith Yates

Hero

[davidrob]

quote:Originally posted by hero

Hi there Robbo, POK and Dazza!

Great day for ADN :D:D

Further drilling results must be close. Let's hope its a 'company maker' as alluded to by Keith Yates

Hero

[davidrob]

Adelaide REsources (ADN))

Looks like, good 'Ol 'Supply and Demand' --- for Global Zircon Supply did the Good Job today.

With Illuka's Minderal Sands in Georgia, and some other Mineral Sandy Sands Swamp in the USA for Illuka; turning to worthless Clay ....

ie: [B)][}:)] -- (big Loss Write Down in ILU's USA mineral sands projects; that were located in USA, AND which was reported in todays ...... Australian Bizzz Press: - of Illuka's now downgraded and no good, USA Mineral Sands Deposits ---).... damn.... ;)[:p]

Logic would IMO, dictate now, IMO, therefore...>>>>....that ADN becomes an even Higher Must Do Priority....

So then, IMO.... now, that the Murray Basin/ADN deposit-- now has even more Priority; for ILU and ADN....

And that it be expedient to get ADN Project .... into Full Commercial operation ASAP...

-Also .... it is now more reasible perhaps; that Illuka's
paritalitity to do a Full Buy Out propositon on ADN at some point; would logicaly be enhanced ???!!??

Whichever way you cut and slice and dice the Cracker Bareel Extra Tasty Cheese; ,.... IMO, now all augers very well for Adelaide Resources...

And here at The PUB ..... thought may have heard, from one of Uncle Maxie's celubrious drinking pals; whilst he was about to snaffle and win, the Tray of Fresh Lamb Meat Cuts, in the Crownie Pub darts comp .....

errrrr..... That there probably....So . was the rumour; will be another 'nice set'-- of hopefully,.... Goodie Up Graded Mineral Sands results, confirming the increased likelihood and viability of ADN's said Mineral Sands Murray Basin project, --- now shhhhhhh.... it is just a third hand whisper..... but ought to be 'to hand' so this
dart champ guy reckons, --.... errrrr...

.....did someone hear, "Pre Christmas....." ;) --??-- ;)

Could not quite really hear clearly.... or tell....

Just too much Christmas Good Cheer; and everyone being a bit tipsy and boisterous..... oh well, we;ll just have to see, what 'pans out....'

Regards,

Robbo :)

Disclaimer:
Views expressed above are unwarranted. These views ought not be read as warranted, either expressed or implied, for their accuracy or veracity. Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts, sometimes experiences, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.

Kindest Regards,

Robbo :)

[Dazza]

hero
it was great to c ADN's share rise :D

on HC, sandune is very bullish on this stock..

ADN gives me some zirconium exposure, i have a feeling that illuka will take over it some day soon... once they have found some good grades

or u neva know... whats those buggers, robert something? the group that has a 8% holding in illuke... they mite want a blocking stack if it comes down to that :D

always good to be holding shares that go up :D

[TerryA]

David et al,

Do you have any current information on this company that could be shared ?

SP seems to be on a gentle downwards slope with no news to keep the interest alive.

I am happy hold for the longer term but the short/medium term growth looks as if it has expired.

Thanks,

[TerryA]

Rupert,

Thanks again.

Will keep an eye on this one and have tightened the stop loss a bit. In theory there should be support at 54.5 but I am not sure that the theory works for ADN.

[Packersoldkidney]

Time to look back at this one.....mineral sands news expected round Marchish. Dropping through the floor because of impatience and no news. I spy a good reentry ahead....

[arco]

A nice EW pattern appears to be taking place here.

IMO watch for a reversal once the a,b,c correction completes.

The box area I have marked is the possible turn-a-round zone
based on Fib calcs.

GTA - arco

http://www.khalsaspad.com/files/020106_adn_508.gif

[Packersoldkidney]

Nice Arco....thanks for the input. Hope your holidays were good.

[Dazza]

so who else is sitting on this pearler..

i should have sold at 70cents ,following arco's advice... man he da man..

so what do we do ppl?

its certainly quite. have u guys all sold without telling me?

im still in this company.. abeit at a slight profit..

[hero]

Its been a long wait on this one, but seems to be building some momentum now in anticipation of the Tripitaka drilling results next month. Could be some uranium play in the wings as well

[aussie joe]

Lost in the wilderness......[:0][:0][:0]

I am really getting very excited about ADN's Uranium prospects. I just wish ADN would hurry along this f**k'n Uranium desktop study. This desktop study better be worth the 15+ month wait or I am dumping this f**ker and never looking back.

Initially I did throw a little money at it because of the Zircon hype (that almost took a year to eventuate) but the underlying reason I took a punt on this one was because of our friend our energy savior - Uranium.

The following is just my brain working the way it does, but maybe the zircon find is a little bigger then what has been released to the general public. To tell ya the truth I have not even read that announcement too hard or really done a thorough investigation on it. Can some1 let me know if there is a possibility of an upgrade?

My conspiracy theory is maybe this result was deliberately low to allow for the big boys to get set and thus allow the dump by the impatient. Once these gorillas are set then the real news comes out firstly about the wonderful potential for Uranium on their tenements and then of the increased / overlooked / extended zircon deposit size. And finally the ILU / ADN JV go ahead.

But who knows by holding I will probably cop it up the a*se and be sore for a week and a little lighter in the pocket for the rest of my life.

I just hope I am right and this report is an absolute pearler and here is some of my logic to back up what I believe.

I was doing some research on sau - southern gold (looking to buy but just found out that they have a JV with Mega Uranium which I now own through my ex RPT shares) and came across the announcement. I wish I copy and paste from it but unfortunately the pdf file does not allow it. Here’s the reference, find it and read it for yourselves.

http://www.tradingroom.com.au/news_research/index.jsp?section=news_search&page=http%3A%2F%2Fnewsstore.com.au%2Fapps%2FviewDo cument.ac%3Fsy%3Dtpl_nws%26ss%3DTPL%26docID%3DGCA0 0648023SAU%26backTo%3Dhttp%3A%2F%2Fwww.tradingroom .com.au%2Fapps%2Fqt%2Fquote.ac%3Fsection%3Dca%26co de%3DSAU

Now I make reference to http://www.adelaideresources.com.au/Home.htm and the following quote from their homepage. "Adelaide Resources is one of the more substantial landholders on the Gawler Craton of South Australia. Its tenements in this province total more than 12,500 sq km on the northern Eyre Peninsula, at Moonta-Wallaroo, in the general Prominent Hill-Olympic Dam area and at Barton/Colona in the south-western sector of the Craton."

Let’s not forget ADN’s own announcement:

• R E L E A S E •
Tuesday, 26 July 2005
ADELAIDE RESOURCES IDENTIFIES PROMISING
URANIUM POTENTIAL ON LARGE S.A. TENEMENTS
Adelaide Resources (ASX : “ADN”) today announced it was well advanced towards
completing a review of the uranium potential on the Company’s vast tenements
across South Australia.
“Already, this review has highlighted the potential for the presence of sedimentary
uranium deposits in our large Eyre Peninsula Project area,” the Company says in its
latest June quarterly report.
Directors said previous exploration programs on the project area came to an abrupt
halt following changes in government uranium policy in the 1980s and had not been
followed up since.
“In contrast to that environment, the current positive long-term outlook for the
uranium market presents the opportunity and confidence to focus attention on the
hunt for new deposits,” they said.
“Our evaluation of all previous drilling indicates that segments of at least three
discrete palaeochannel drainage systems are present in our large wholly-owned Eyre
Peninsula project area near Wudinna.”
Directors said drill holes from exploration completed over 20 years ago on the
Company-held segments of both the Narlaby and Yaninee palaeochannels exhibited
gamma responses that were similar to those at other uranium prospects in South
Australia.
“The presence of the Yarrana uranium prospects downstream from the Company’s
tenement holding indicates sufficient uranium has been