ADY admiralty resources nl.

Ann: June Quarterly Appendix 5B, page-3

  1. 394 Posts.
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    Completely agree, but I have full confidence the revenue next year will address it.

    I expect ADYs running costs to be fairly low seeing the mine operation costs were picked up by our partner. So technically, most revenue should shovel straight into our debt.

    Additionally, progress in paying that off will lead to confidence for further date extensions on the loan facility, so we may funnel funds into developing our other sites simultaneously.

    my gut though, says the directors will surely be keen on a dividend in the medium term, noting how many shares they hold and the desire to profit from this. This will be a phenomenal outcome.

    It would be nice to hear the directors direction, goals and/or ambition for the future. It all seems to be in "care taker" mode until the revenue generation kicks in (in less than three months time hopefully!)


 
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