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Negatively viewed news always trumps all...

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Pro-Life Member Level  Monday, 11/30/09 02:01:53 PM
Re: Pro-Life post# 14
Post # of 61 
Negatively viewed news always trumps all...

First - November 24, 2009
Adriana Announces Management and Board Changes


http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=373708
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Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI) ("Adriana" or the "Company") (ADI) announces that Michael Beley, the Company's Chairman of the Board, and Richard Barclay, the Company's Chief Financial Officer and also a director of the Company, have resigned effective immediately.

Second - November 27, 2009
Adriana Announces Update on Port Project and its Iron Ore Project in Quebec

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Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI) announces that it has received a notice from ArcelorMittal ("Arcelor") terminating the memorandum of understanding with the Company relating to Arcelor's participation in Adriana's iron ore port facility development project located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro in the State of Rio de Janeiro, Brazil. The Company recently announced that it has submitted a new permit application for a deep sea terminal port with a capacity of 45 billion tonnes per year. Adriana will continue to develop strategic working relationships with parties to maximize the potential of the deep sea terminal port.


I am left to wonder if the first had everything to do with the second... one thing is certain - THE MARKET HATED THE DOUBLE WHAMMY AND THE LONGS WILL BE HURTING, ABSOLUTELY NO DOUBT!!! Down +20% on the highest volume in months is sure to hurt alot more before getting better -










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