ADY 0.00% 0.7¢ admiralty resources nl.

announcement out, page-8

  1. 281 Posts.
    lightbulb Created with Sketch. 6
    I like this bit.

    "Under the Admiralty/CMSB joint venture agreement CMSB is required to repay to Admiralty the 4 year cumulative debt, currently US$38.99m outstanding in February 2009, otherwise all the assets go to Admiralty
    under a security charge arrangement."

    They get cash or the whole box and dice.

 
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