charge resources, page-19

Quote from Kacy above: "I dont know anything about Charge Resources except that it was setup on the ANZ Opes settlement date. Maybe things did not go PT's way. Opes did more damage to ADY than we can calculate."

Not comments aimed at you Kacy (your the one that has pointed out the connection), but what does Opes Prime Settlement have to do with ADY's cash position? The Opes Prime settlement is simple a matter between the ANZ Bank and some of ADY's shareholders, one who happened to be PT. Is this plan B for PT?

Lets not forget that many people made their investment in ADY when the share price was much higher and don't have funds to increase their holdings at the current share price. Consequently, the fact that now, at the current market price, that each share may now be predominantly back by cash is not going to get those investors their money back.

ADY has been left with the Iron Ore mines. These are the mines that have been running at a loss for the last 12 months when we had record iron ore prices. How long will the cash last if WISCO doesn't buy in or we loose the litigation case.

Also lets not forget that all ADY had to do to pay off these debts in June this year was to issue about 150M shares (i.e 15% dilution) when the share price was in the 20 to 30 cent range.

Don't know. I think shareholders are been ripped off. Still think there may have been other options. Couldn't ADY sell its total interest in the iron ore mines, including loans due, litigation rights currently been persued and including the right to go to 100% in Feb to WISCO for a good price. In my opinion this would be a preferable option than selling the Lithium mine as the Lithium mine.

I see we have also sold the patient fort the processing technology. Wasn't this developed by PT. Does this mean that PT will be taking up employment with the new company due to his expertisee on this technology?

Not happy

SP