ADY 0.00% 1.2¢ admiralty resources nl.

Ann: Chairman's Address to Shareholders , page-54

  1. 1,362 Posts.
    Kacy,

    you are well off the mark on a number of points.

    1. RLL will be sold this week. No details of price raised. If no sale which is highly unlikely as there are 3 buyers now, ADY will go into receivership.

    2. Besalco contract terminates Dec 2008.

    3. Wisco JV depends on 100% of Vallenar which is also an unknown. Board would not discuss ant court cases.

    4. Lithium patent goes with the RLL sale. GONE!

    Its a sad ending with only iron ore asset remaining at this stage.Congratulations to the Board ?????
 
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