Hi Kacy,
I agree that ADY must have been able to somehow reassure YA Global that it would not go under. However $11.5m is a small outlay/risk. If ADY goes into administration then YA Global would still be in line to recover its loan from the sale of Vallenar which is worth a lot more.
I read that only US$1m was converted to shares at this stage. Again a small amount at risk.
It is interesting that Rincon was sold to repay all debts BUT $11.5m debt still exists??????
Iron ore production start date not announced as yet.Will be interesting to see what monthly production is anticipated by new contractor.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.51M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 885580 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1162089 | 3 |
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| Last trade - 09.59am 26/06/2025 (20 minute delay) ? |
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