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Acadian Mining Corporation ADAIF



GREY:ADAIF - Post by User

Bullboard Posts
Post by maldororon Dec 19, 2005 6:46pm
352 Views
Post# 10050970

The future of ADA-record high OBV-record pric

The future of ADA-record high OBV-record pricTotal volume today surged to a new high for the year adding another accumulation day for ADA. A healthy market normally shows several strong accumulation days over a four week period and ADA qualifies in spades. Volume tells what is really happening 'under the hood' of the markets. Daily analysis of the relationship between price and volume is also important because volume typically leads price, thereby giving an early advantage of spotting trends. On Balance Volume is on of the best indicators to spot accumulation versus distribution. CUMULATIVE OBV over the last three years in ADA is NOW AT A HIGHER LEVEL than it was at 45 cents 2 1/2 years ago.This strongly indicates that ADA will reach for 45 cents sooner rather than later, then exceed it in short order and on a swing count the stock could possibly extend to 76 cents in the short term. Maldoror claims to be somewhat familiar with the surrealism of interpreting chart marks. On the fundamental side Maldoror is patiently waiting for the release of at least 26 drill hole results at Beaver Dam which should help ADA reach for record highs before year end. Now that ADA is finishing up its financing program over the next few days (closing day is December 21, 2005)the company will then be able to pursue its gold resource by drilling with gay abandon during 2006 (gay like in happy, that was what that meant during the period of our lives when aides were persons that worked for generals and Stalin was in power). Patience little grasshopper, good things will come. Maldoror, your charming confidant and penitent sinner. N.B. The intent to acquire the mill very clearly indicates the confidence of management to bring ADA into production.In order to do the financing on a project basis to acquire the mill and go into production the financiers providing the monies must have the back up of a feasability study to provide them with enough confidence in the project.
Bullboard Posts