ADY
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10.0% 1.1¢ admiralty resources nl.

So much for that announcement.In current environment, I can see...

  1. slavetonet
    780 Posts.
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    31/10/08
    10:40
    Post #: 4452151
    So much for that announcement.

    In current environment, I can see why they did it.
    If everything was all rosey financial market like before, then we might not have seen the sale of lithium asset.

    Oh well - at least they are debt free and have cash for now.
    How long before they will burn that cash being injected from the sale of Lithium asset?

    I will put my money it will not last long - 1 year maybe.
    Didn't they want to buy more equipment for the IO project?

    Disappointing to say the least.
    Glad I got out way early in the 24 cents mark.

    Fight another day.
    Cheers,
    ADY
    ADY Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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