re: ady huge ann rumored for today or tommorrow MARKET TALK:...

re: ady huge ann rumored for today or tommorrow MARKET TALK: Heavy Trading In Admiralty; Cash Low 03/02/05 11:09:00

1109 [Dow Jones] Admiralty (ADY.AU) jumps to fresh high of 11.0 cents, then
slips to 10.5 cents, still up 0.9 cent on heavy trading of 25.1 million shares.
Investors like ADY exposure to Rincon Salar brine project, Argentina, plus ADY
interest in two iron ore projects, one in Philippines, another in Chile. ADY
reported A$15,000 in bank at Dec. 31, so no doubt keen to finalize placement of
planned A$50 million 2-year converting note. (RCB)