Risky Picks Newest Addition - ADM
Last minute addition today, I finally decided to take a position in ADM - Andina Minerals. With an indicated resource of 9.8 million ozs of gold and 768 000 ozs of inferred gold resources in the ground on their Volcan Gold Project makes this pick a no-brainer. ADM has recently raised $25 million in a bought deal offering at a price of $2.00 per share. It has approx. $44 million in its coffers allowing them to continue ongoing exploration and development work. I believe that ADM has good upside potential with limited down side at these levels. ADM is a BUY. As always, do your own DD to make sure ADM is right for you. Have a great weekend.