ADY 22.2% 0.7¢ admiralty resources nl.

123enenYou say:"Fact is we are acompany with NO DEBT and...

  1. 770 Posts.
    123enen
    You say:
    "Fact is we are acompany with NO DEBT and positive cashflow.
    We have life . there are many worse off than ADY.
    PT made a tough decision but a good one".
    I say BUNKUM!
    Fact is we are a Company currently exporting io at a loss.
    Insufficient and obsolete plant unable to lift production.
    "A$11.8m to Hawkswood , US$12m to Ya Global Investments
    and A$1.94m to Australian private investors." leaves enough to pay lawyers, one months wages, a bunch of daisies for Maria, and a goody bag for Santa (AKA PT).
    ADY has no income for next 3 months, will need more borrowings to upgrade plant and wharf facilities, pay wages and Lawyers to sue Belasco.
    GRRRRR!
 
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