ADY 0.00% 0.9¢ admiralty resources nl.

ann out, page-11

  1. 11,690 Posts.
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    peter, of course we do, we have been following it closely. I am not aware of any Panopus case in the past weeks, so we can only assume PT and ANZ came to an out of court settlement. We will never know just what the cash settlement was because that's strictly confidential.

    However, as the Panopus case was different, because the opes magin loan was paid off before the collapse. So I'd say PT must have received more than the 35-50% settlement offer ANZ currently has on the table to opes clients.

    So now PT has substantial ADY shares, top 20 holder, plus he is cashed up ???. I would not be surprised if some additional RLL shares are made available to ADY directors, staff and maybe the shareholders.

    I'd say RLL is where PT really wants his money because he knows the share price will quadruple in the short term.
 
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