ADY admiralty resources nl.

They ownly have money in the kitty because they did not payout...

  1. 113 Posts.
    They ownly have money in the kitty because they did not payout YA Global. The is a convertible facility too. the YA global debt is $17 million.

    we have cash 9.5 mill in the bank. They are waiting for 100% of Vallenar.

    Obviously they used more money than we expoected to payout belsaco invoice in arrears and other costs ??? must have been some $10 mill extra.

    we should have only been left with 3mill in the bank.
 
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