Admiralty resources management knew damn well the value of the rincon salar was more than $22m. its a disgrace what their director at the time did and that lithium project is now worth many multiples of what they sold it for. its now in the hands of the venture capital group Sentient. Sorentino was the chief consultant via Ekekos Research (separate to Ekekos SA)
In 2005 Sorentino did a “Preliminary Report on an Independent Technical Review and Valuation of the Salar del Rincón
asset and opinion on the Market Value of Admiralty Resources NL”.
Admiralty SP skyrocketed after this from around 20c to a high at one stage of above $3.
When the GFC happened the directors sold off rincon salar project for peanuts to "pay the debts" of the company. Admiralty never recovered.
This is what i have found anyway. None of it has anything to do with AGY.
AGY Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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