ADD adavale resources limited

where did all the $$ go ... ??

  1. 868 Posts.
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    Tapan Jambi projects were announced August 11 2009 ....

    Since then ....

    "Exploratation & Evaluation" ........ $4.038 Million spent....
    Surely enough to put a project into production... we should not be sitting on our last $500k having achieved zero....??

    Payments to A Phillip/R Poole/P Suriano ..... $950,000
    man hours spent on the ground in Indonesia?? .... Is this amount justified..?

    Return to share holders .... 1.4c .... no trade/market interest.... no cashflow... no producing coal mine ..... no coal mine full stop ...

    Eddy not taken a penny ....
 
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