RE: Interesting Discussion(s) - ADEX Update [S] The following could be possible reasons for recent accumulation of ADE shares. This list was extracted from a recent communication from ADE's PR company. Of course, the best PR is always when a company gets a request from the TSX to make a news release ....."the company knows of no deveplopments that would explain the recent activity in the trading of ADE's shares"
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1. The company’s most recent news announcement relates to senior management changes. A search for a President and Chief Operating Officer is underway.
2. Adex’s ultimate goal is to reach production as quickly and efficiently as possible to maximize shareholder value. The initial focus is to move forward with developing the Fire Tower Zone.
3. The metallurgical feasibility testing required to advance the Fire Tower Zone is still underway.
4. Adex hopes to make a potential production decision sometime in 2013 followed by full production within two years thereafter.
5. With regards to water management, as stated in the news release dated October 3, 2012, Adex is required by March 31, 2013, to submit to the New Brunswick Department of Environment & Local Government a mine water management plan including a cost report on the plan, a tailings flood plan and contingency plan, and an updated sludge cell project proposal and timeline to complete. The approval also sets parameters for the operation of the new mine water treatment facility to be approved and constructed. The company is working diligently on the plan to meet the deadline, and an update will be provided as warranted.
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BWDIK? Recent accumulation could also be related to references by proximal companies whose companies (Wolfden & Geodex) indicate in their "business plan" a requirement for ADE's infrastructure (specifically mill & TMA).
Sale or JV of the company.
What else could it be?
Cheers
Stanley