ADY 0.00% 0.9¢ admiralty resources nl.

zvon, i will try to explain this to you in simple terms.Ady...

  1. 1,059 Posts.
    zvon, i will try to explain this to you in simple terms.
    Ady won't go broke and if you believe this fear mungering you definately shouldn't be in specie stocks or shares for that matter. The chance of ady actually going under would be the same as if your house suddenly went down in value by 50% or more , there is a chance but you could also be dead tomorrow. IF ady went broke this is what would happen , all of ady's assets would be sold , all money owed would be recovered and all of ady's debts would then be paid. After that the remaining money would be divided up and every single share would receive a certain amount, considering the current market cap is under 60 million and the assets and money owed to ady is in excess of 60 million you would actually end up with more than 5 cents a share. Don't stress put them way and just be patient , i'm going to fly to Melbourne for the agm and i suggest that you should also attend to get a clearer picture and to ask a question directly to management yourself.
 
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