ADY admiralty resources nl.
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iron ore production

  1. patpat
    679 Posts.
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    16/01/10
    12:55
    Post #: 6210634
    The company no longer has debt, and approx $1 million on hand. The company did have a successful share placement that was oversubscribed. It could raise capital again if needed. It is more likely to obtain a JV that will now sure up an accurate resource for mining purposes and once again establish production of iron ore.
    ADY now owns 100% interest in SCM Vellanar Company with a greater resource of iron ore than before.

    Extremely good value at 1.7 cents per share.



    ADY Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.7¢ 		Change
0.000(0.00%) 		Mkt cap ! $18.40M
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0.7¢ 0.7¢ 0.7¢ $1 167

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