jv, page-7

I totally agree Indian Ocean.

Heard that YA Global made them ( current Board)a loan offer last year before the AGM which would have meant that Rincon did not have to be sold.

Why was it not accepted? Why weren't the two loans ($20m) stated in last years Annual Report accepted? We all know those answers!!!

Some posters make it sound as if large iron reserves have only just been discovered this year. Remember that Wisco also expressed a desire for a JV last year. Only problem was the Wyndham Exp mess with Leonardo plus insufficient ore was being produced , bills not paid even though directors stated their multi million production targets.


Hopefully they will clean their own mess. BUT shares on issue are now doubled at 2 BILLION!!!

ADY could have had a sp of $2 same as Galaxy by now.You will not see 10c until 2013 in my opinion.