ADY admiralty resources nl.
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Good morning passengersAll the pieces of the puzzle are coming...

  1. pgamble76
    4,287 Posts.
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    23/09/09
    11:42
    Post #: 5681245
    Good morning passengers
    All the pieces of the puzzle are coming together. I saw Macleod you ponder the sale of vallenar due to the resignation of Mike Clark. I rang the company this morning and asked why no names were put forward in relation to the offer and acceptance of the i/o. The response was nothing has been signed it is a verbal agreement. I then asked why they are selling off mining equipment. Let me be very clear folks. THEY ARE NOT. The PIECES of equipment they are selling off used to belong to Belsalco and are isolated parts only. For example, amongst the pieces of equipment were 2 1/2 inch drums that are not suitable for large scale crushing. As for the Mike Clarke resignation, imho he is still part of ady but the future jv may be much bigger than vallaner and he may have been given a cushy job with the new entity when it forms of course my opinion only.
    Happy sailing
    PGamble
    ADY Price at posting: 1.9¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.7¢ 		Change
0.002(40.0%) 		Mkt cap ! $18.40M
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