Is this all Pump & Dump ?There are reasons to think ADE could finally be ready to move. Others have pointed out that GH stock has risen significantly this month and that is seen here: https://www.reuters.com/finance/stocks/chart/3683.HK That seems likely to be related to a generalized surge in world markets and the fact that GH has seemed to manage to stem it's losses. It is essentially breaking even after years of multimillion dollar losses. That does not mean there is necessarily the kind of money it would take for the Canadian holding company GH to fullfill it's obligation to ADE if they ever produced a feasibility study (which they seem to have been avoiding in order to prevent triggering their financing obligation). Importantly, there has been some recovery in metals prices in general, but most of the metals at Mt Pleasant are still trading lower than they were 5 yrs ago. This is true for Indium, Tin, Tungsten & Molybdenum. While Zinc's resent surge is positive, it still only represents < 15% of the total value of indicated + infered resources at Mt. Pleasant. This information is produced using the most recent resource information from ADE https://www.adexmining.com/fileupload/pdf/2014-09-11_Adex_PowerPoint_Presentation_final.pdf ( Note the ADE website does not appear to have been updated since 2015 and there is still no annual report for 2016) I have used the following to try to establish metal values: https://www.metalbulletin.com/Article/3775854/2017-REVIEW-Indium-prices-stage-a-surprising-recovery.html https://www.infomine.com/investment/metal-prices/tin/5-year/ https://www.infomine.com/investment/metal-prices/ferro-tungsten/ https://www.infomine.com/investment/metal-prices/molybdenum-oxide/5-year/ https://www.infomine.com/investment/metal-prices/zinc/5-year/
An additional factor which may motivate the board is that, according to the last available annual report - 2015 - they hold about 4.7 million options at .05 which expire Dec 31, 2018. They would profit by whatever the price is greater than .05. Unfortunately this has not motivated action previously as most options previously issued expired at values below the market. Of course if they got things moving and the price went to $ 1 that would leave them with almost $ 4.5 million amongst them. - I hope they are reading this !
ADE's greatest hope is surging world markets with resulting increased metals demand, improved financial health of the majority shareholders or their selling their holding to a real miner and perhaps the motivation of the board to turn their options into something of value.