ADY admiralty resources nl.
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It is weird that there is no RLL sale announcement yet?I dont...

  1. kacy
    11,779 Posts.
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    04/12/08
    17:03
    Post #: 4573579
    It is weird that there is no RLL sale announcement yet?

    I dont think they would want an administrator in charge of ADY. Then due process would have to be followed to liquidate assets and repay debts. (eg tenders). I think they would rather do their own deals and get the money themselves. But they might have a crony administrator lined up?

    Charge probably wants RLL for less money. Much less money. They will claim the RLL expert staff have gone, the plant and ponds have deteriorated, the patent is worthless, the drill is broke, the Argentina gov could revoke the tenements any day now, etc, etc. Oh boy! 10m for Rincon and 10m for Santa Barbara tenements.

    Sorry, for being such a pessimist, but I just cant help wondering just what dodgie deals they going to come up with next?
    ADY Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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