what has ady done?, page-7

IndianOcean

i agree with your comments.

Thomas was rewarded with millions of cheap options by the current Board for doing F all. In fact he failed to manage the company effectively many would say.

Now the same board members are rewarding themselves and say that it was the financial crisis that caused the problem.

No admission that they could have done a capital raising and cleared all debts when the sp was plus 50c for many months.

No admission that funding was a hit and miss with no guarantees from Chinese buyers.

The current Annual Report tries to make them heros when in fact they failed to look after shareholders.

Rincon had to be sold. They were happy with the few dollars it delivered because as they said it consisted only of a tin shed and a few ponds. Check out ORE and GXY sp over the past year. I recall an ADY director saying that Argentina presented high risks for the lithium development... what crap. Where is ORE located???

Lets see what the JV delivers?

Have i read the Annual Report correctly stating no mining for another year????