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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: ogi	11/15/2006 9:59:02 AM
	Read Replies (2) of 78410

A good friend Pm'd me asking about ADA. I looked at them before they got into base metals and those plays do not change my attitude but I do not dismiss the geology or economics of them just don't like the company and share structure so that is enough for me personally to seek returns elsewhere. BTW I am only 40 miles from the Felderhoff clan's home territory. Here is my reply to the question of ADA with a couple of new edits: Acadian yuucchhh! I hate it. TWO DIRECTORS, brothers or uncles of John Felderhoff, now living in the Cayman islands with his Bre-x haul. Guilt by association is unfair, I know but in this case, I practice it. Over 70% of their gold "resource" is a review of drilling going back to the 70's? Next, Nova Scotia is not a sophisticated or welcoming mining jurisdiction and there is a lot of NIMBY attitude and stupid government putting up roadblocks instead of ensuring things are done well but expediently. Face it, there are no operating gold mines here, not since the early part of the 20th century!! I don't want to bet these guys are going to do what no one else has. Did you see the last results Nov 01, Not a mine!!!! They are resurrecting a a former zinc producer, that is undeniable,and the Newfoundland properties are in good geology territory and more mining friendly. Now I dismissed ADA outright some time ago on their gold prospects which to me were a pipe dream at best and a comment on the company that was "promoting" that play. So, I have ignored them which = limited knowledge on my part. Lawrence Roulston covers them which surprised me because I like and respect his acumen. So maybe he sees something I don't in that 105 mil share float!!!!!! We all have to do our DD and chose, I just don't see enough in ADA that convinces me it is a superior pick to the numerous other opportunities out there. Cheers, Ogi

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