Last shipment was $88 US per tone ie AUD $145 x 44,000 tonnes = AUD $6.38m x 60% = AUD $3.8m
Company is owed US millions by FARKAS, at least US$20m, then theres the $US80m from Belsalco - should that succeed.
And we worry about the AUD$10.8m Hawkswood Loan.
Posters carry on about receivership etc etc.
Shipment cash will move to ADY, because without ADY there is no Fortune Holdings Ltd (Chile).
Look at currency conversions, I/O contracts are in $US. When $US / $AUD rate was 95c when I/O was at it's peak, almost dollar for dollar. At $US / $AUD at 60c, US $88 is about $145 AUD. Chileans are paid PESO's lol.
ADY Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
