ADY 10.0% 1.1¢ admiralty resources nl.

are they fro real, page-25

  1. 2ic
    5,788 Posts.
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    But did he sell for best value or give it away?? Just because it pays off debt doesn't mean it was a good deal, could have done a lot better IMO.

    IO is a loss making operation with a negative cash burn. IO is a liability NOT an asset which is why ADY was trading so low. ie High vakue asset Rincon less Liability IO = low value company.
 
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