ADY admiralty resources nl.

All this anger won't solve anything. Just remember the Lithium...

  1. 1,163 Posts.
    All this anger won't solve anything. Just remember the Lithium plus fertiliser products were never going to be showing a return until 2010/2011 anyhow. Also we wouls have to raise a loan of $US800 million to facilitate building the plant - and who was going to give us this sort of brass in this climate. By unloading RLL we now can concentrate on purely I/O. The minimum returns of 1.3MT in YE 2009 at AUD0.65cents will return a share price of 0.20cents. We weren't going to get that return from RLL in 2009. I haven't even factored in the possibility of a JV with Wisco or the litigation returns from Farkas, Besalco etc. So stop your bloody hand wringing and hair pulling and accept we now have a different set of goalposts and new goals to achieve,
    cheers,
    Ray.

 
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