ADY admiralty resources nl.

status quo

  1. 4,863 Posts.
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    The Feb 11th 2009 ASX Announcement states that the Loan to YA Global is US$7.4m with monthly repayment of US$1.25 commencing on May 1st.

    If ADY only has just over $1m in the bank the question is.... How can they repay the loan since no ore production is underway?

    Why isn't ADY producing ore instead of just reviewing reserves? Their past JORC said that they had a shi.load.

    Can ADY survive?

    Why is the sp still at low 2cents

    Maybe they are preparing to sell Vallenar back to their partner Wyndham?
 
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