I tend to agree with both selmax and Go Hard. This may not be...

I tend to agree with both selmax and Go Hard. This may not be the doom and gloom that most of us initially felt.

It is a concern that Anderson still remains on the board but sold his shares, but I'm prepared to look past his lack of faith considering he didn't buy any before his bonus entitlement.

I think that Anderson has taken these steps because the pressure was too much. I have been wondering if Anderson's actions are partly due to a conflict of commitment between his position with Admiralty and the positions he holds on the board of Anchor Resources. Perhaps he wasn't giving Admiralty the attention it needed in the first place.

I'm still a little unsure about Charles Prior. I had him figured as nothing more than a day-to-day accountant who should focus more on tax returns than a directorship, but I'm prepared to see how he goes.

At the very least I hope Prior has a change of management style and brings more transparency to the board. I'm tired of the lack of updates and it does nothing more than fuel negative speculation.