ADY admiralty resources nl.
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No macau, they have to keep ady going at least until mid 2009...

  1. kacy
    11,779 Posts.
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    27/11/08
    17:34
    Post #: 4548858
    No macau, they have to keep ady going at least until mid 2009 even if they put the mine to sleep for a while. They have about 50-100m of litigation pending against Besalco, Wyndham and SantaFe. I dont think they would let go on that. A favorable outcome on any of them could see ady back in production and the sp back around 10-20c again. I'd say Wisco still wants one of the mines too. So possible deal there worth maybe 20m.

    cheers...
    ADY Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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