As a past ADY holder (when they had the Rincon Salah lithium...

As a past ADY holder (when they had the Rincon Salah lithium deposit), I was wondering today about who ended up with the lithium.

I read on a site that the lithium assets were sold to "Charge Resources" based in Victoria with one director..... anyone know if this is the case?

I copied some commentary from this site (pasted below*), but then lost the site I got it from (Doh!)

*
"Rincon Lithium was the jewel of the company. The mine sat on a significant share of the global lithium supply and ADY sold it off for a meager USD$22MM? (2.2 US cents per share)

.................

To put matters into perspective, in FY 2008, the consolidated company LOST $46MM before taxes. In this time, Phillip Thomas was paid $511,825 in salary & fees with an additional $2.77 million in options (with no strings attached) that he exercised immediately!

That's right, Phillip Thomas, Managing Director of Admiralty Resources, was payed nearly $3.3M in FY 2008 for the fine work he did for us all. Imagine, $3.3M would have repaid 1/3 of the Hawkswood debt."


So, after PT rode off into the sunset with bulging saddlebags, where did he end up?