Hi BurnettAfter speaking to JA, he said they need about 8-12...

Hi Burnett
After speaking to JA, he said they need about 8-12 mill u.s in order to get production underway and proving up additional resources. This would tie in with the local cabbies talkn bout 20 mill aussie. Only 3 mines out of 10 have a measured and indicated resource. So I guess he was referring to the other mines. IMHO a j.v for the port is distinctly possible based on the power plants proximity to vallaner and it being coal fired. This would tie in with the cab rank where the local cabbies are talking about 20 mill aussie to get proceedings under way. In terms of the pay out to wyndham well that really does clear the way forward for better days ahead. JA has made no secret he is in talks with other parties in relation to financing. The key for us shareholders is to get the BEST financing possible. I will be the first to admit ya global have been bleeding ady but with them out of the picture as well as wyndham, ady can now stand alone. A lot of ppl are upset about the sale of rincon but lets look forward. Get the io up and running, cashflow coming in and then diversify (they already have mines in oz), All this is imho and I hope it helps.
Happy sailing
PGamble