it is over

Well , the financial year is over. Last year the sp was at 27.5c. Today we closed at 22c.

What a year it has been. A high of 67c and a low of 16c all in the same year.

We had the Opes crew hold over 38% or 350m shares of ADY back in July 2007. Now they hold bankrupcy notices from what we gather. What a turnaround in a year!

The number of local and overseas shareholders has increased dramatically from 5,400 local to 10,700 and 198 overseas to 500.

Still no signature on contracts.

Production of iron ore may reach 400,000 tonnes with promises of 10m tonnes pa into the future.

Production of lithium at a few tonnes with promises of 17,000 tonnes pa in 2010.

Demerger promised for first quater of 2008 but delayed until maybe the 3rd quater of 2008.

All I can say is thank heavens that F2008 is dead and buried. I look forward with anticipation that July 2008 will be the start of something SPECIAl.... Jorc; iron ore contracts;demerger date; lithium contract; new ports etc.

Mr Phil... please return fresh from vacation and start to deliver the goods in order that we may grant you new options in reward.