from recent posts all i can conclude is that:1. The Board and...

from recent posts all i can conclude is that:

1. The Board and some HC members "conned" us into the suggesting that a JV may have been imminent.

2. There is no chance of any mining in the for over one year.

3. ADY cannot go it alone under any circumstances as shareholders will be reluctant to provide more funding.

4. Mining the resource ,due to its complexities, is a massive task based upon feedback from the Board back in Aug 2008.Refer recent post by Andrew A.

5. Having 15 "interested parties" in a JV means nothing until one signs on the dotted line. None signed the Rincon deal!!! Now that the Rights Issue has been successful we hear that this could be one year away if at all. Risk was not shared prior to the Rights notice.

6. Since ADY has only two staff ( John A and Maria) in Melb the money collected besides clearing debt will go to pay directors, ASX listing and security guards ( if required)in Chile.In other words it will not generate any cashflow.Its just a company shell.

A very sorry state indeed. Had i known about the delay in a JV partnership I would not have wasted additional funds on the stock as mining is most likely two years away. I repeat why hasn't Anderson purchased one share since joining in 2006. He sees no need to outlay cash.

My speculation.... Vallenar ( 100%) will be sold next year.