ADY 0.00% 1.2¢ admiralty resources nl.

announcement out, page-25

  1. 988 Posts.
    This is a better thread heading,

    "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.



    Page 4

    CMSB will be ours, 100% of it.
 
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