ADY
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0.00% 1.2¢ admiralty resources nl.

sale of vic

  1. ricar3
    7 Posts.
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    02/10/10
    14:47
    Post #: 7272927
    I am a holder, seems to me we are selling it for nothing. 4M payable over 4 years plus royalty- no projected royalty payment/expected was provided. If u read carefully- 13M Vic liability to Admiralty to be extinguished/writtn off on completion. Another 29M to b forgiven on completion. Total 42M for zero consideration.What is th book value of the Mineral resources/concession being sold?
    Are we shareholders being robbed. Please vote no to the
    proposal.
    Ricar3
    ADY Price at posting: 3.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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1.1¢ 1.2¢ 1.1¢ $87 7.848K

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1.2¢ 490461 2
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