ADY admiralty resources nl.

Something has been brewing with the funding situation. How else...

  1. 321 Posts.
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    Something has been brewing with the funding situation.
    How else could they be purchasing additional ground when oweing so much?
    What do you guys make of this?

    http://www.diarioeldia.cl/index.php?option=com_content&task=view&id=9902&Itemid=44

    Loosely translated, Vallenar Iron Co used their option to acquire IO Tenements Pampa Tololo and Cerro Varillas, comprising 3500 hectares.
    Purchased for a total of 7000 UF (which is another unit of currency traded in chile as opposed to the peso)

    Press release, 25th Sept 08
    If you guys want me to translate further, I can do so.

    Also, lets assume they can get over the hawkswood loans issue. What prospects do they have as a going concern thereafter anyways?
 
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