ADY admiralty resources nl.

how it was

  1. 221 Posts.
    As I said in another place
    Suspending the company will get you zilch
    Today was the day the 3mill was due no payment no company.The debt was getting out of control
    Ya global loan was due to kick in as well 1mill up front and interest at 800000 per month
    With no production the company was doomed
    We now have breathing space 4 months of mining then Farkus has to pay 18mill or lose 40%
    Wisco is waiting for ADY to get 100% then jv. With their capital to upgrade production and help with ports things will start to move
    In the current situation any money goes to paying off interest and Rll was sucking away any extra .
    RLL needed 100mill for commercial production it was miles away

    This is the reality check we had to have, who knows by the time the lithium floats ADY might have some spare cash.
 
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