This in an absolute rort. Even in this market a share isssue will raise $36 million. ADY is basically insolvent and will out of business this time next year. The IO boom finished when the first FMG boat left Port Headland in May.
They could do a rights issue of 1 billion shares at 0.036 and close the IO mines.
This is a scam and it should have been put to share holders.
