ADY 15.4% 1.1¢ admiralty resources nl.

announcement ady 2.57pm today

  1. 113 Posts.
    Did you all read the additional quarterly activity report annoucement from ADY this arvo.

    I am shocked to see from the mouth PT stuffed us with Hawkswood charge over all assets. How could he possibly have ever refinanced in that situation in this market.

    We had $77 Million is cash through the bank last year from share issues and income to be 1.5 miillion cash in june 30th facing hawkswood loan with no concern to conserve cash is disgraceful.

    he deserves the sack. we sold cheap because of management failure to by mindful of changing credit conditions and have some conversative cash safety strategy in place.

    I look forward to OI development as the wisco thing will kick on the way we suspected. RLL forced sale could have been opened to the public some 4 months ago. we may have got $100 million which is probably whats its really worth.

    i'll be voting with my 1 Mill votes at the agm for sure.

    Sack PT

 
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