I asked the below earlier on...."Does that mean they are...

I asked the below earlier on....

"Does that mean they are planning to consolidate about 8 to 1 instead of 4 to 1, that would give 140 mill shares on issue.

Is this good or bad, or does it mean something else???

280 mill shares sounded O.K. Why the change without the reason why??

Still holding and happy (so far)."

I see that the demerger info on the website has changed as per the below.

"Q: What is the process for the Admiralty Resources demerger and how will my share holding be affected?
Step 1: Consolidation of Admiralty Resources (ADY) shares
Admiralty Resources (ADY) shares will be consolidated on the basis of 1 new ADY share for every 7.5563 existing shares held.
As an example, at the time of the demerger a shareholder has 100,000 ADY shares trading at 20 cents. After consolidation their holding would equate to approximately 13,244
shares trading at $1.51."

So it is true they are going to consolidate to 7.5 to 1.

I think that maybe the shareprice won't rise too far above 20c until the demerger (which must be very close). Then maybe they will raise more cash by selling more shares.

ADY might not go up after the demerger but Rincon should fly with only 150 000 on issue.

Comments??? Don't know if this is good or bad. Bit dissapointing I'm only getting 7.5 to 1 now though.