Lawrence Roulston
Acadian Mining Corp.
ADA-X
BUY
Jul 02, 2008
Spinning off their gold as a separate company. Think both companies are going to be winners and he can't understand why this stock is being beaten down so badly. Operating a lead/zinc mine in Nova Scotia and are struggling a bit and ramping up but actually made some profit last quarter. The spin off will have in the order of 1 million ounces of gold, some of it at a fairly advanced stage.
Recently purchased a zinc mill and with zinc prices coming back up, they will put the mill back online in the next couple of months. Will be very profitable. With the profits, they will be able to develop their advanced stage gold projects.
Tough deposits to drill out. They are trying to bulk it up into one low-grade zone. These are tough ones to make money on. There are probably better places to put your money.
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