ADY 0.00% 0.7¢ admiralty resources nl.

guys, if you actually read the announcement you would realise...

  1. 884 Posts.

    guys, if you actually read the announcement you would realise that merrill lynch has not purchased an 8.5 per cent stake in ady, they have received 59.8 million shares as collateral for a loan they have made to some other person/company.

    and if this person/company defaults, then merrill could dump 59.8 million shares on the market.

    false alarm imo
 
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