ADY 9.09% 1.2¢ admiralty resources nl.

for what it is worth

  1. 1,362 Posts.
    After loosing so much on this stock... thanks to Phil and directors.

    I am looking for any positive from what is left in the ADY shell. Naturally I would want the "New Board" to confirm details at the AGM.

    1. Need confirmation that the Wisco one million tonnes pa supply contract for 5 years is still in place.

    2. Need confirmation that once Besalco is terminated at year end that Michael Clarke can get production up to deliver the 1 million tonnes of final product.

    3. Need confirmation whether new crushers are required in order to increase production.

    4. Need confirmation whether Leonardo Klein has a valid legal claim re the dispute on payment by ADY for the last 10% of Santa Barbara.

    5. Need confirmation that ADY has a watertight agreement that Leonardo's 40% will be forfeited if he does not make the $20m payment in Feb 2009.

    6.I have received more up to date info on ADY's valuation IF they produce 1.3m tonnes. Details are subject to confirmation from M Clarke.

    The valuation is estimated at 20c per share.


    Tonnage I/O Price Earnings USD

    1,300,000 $65 $84,500,000

    60% ADY Equals $84,500,000

    Less OPEX @ $40/Tonne (60%) $31,200,000

    EBIT = $53,300,000

    Finance Costs $0 $53,300,000

    NPAT (30%) USD = $37,310,000

    AUD $1.00 = 0.65

    NPAT AUD AUD $57,400,000

    Shares on Offer = 1,134,457,841

    E.P.S. = 0.0506

    P.E. 4 0.202

    Share Price = $0.20

    Do your own research as i have lost heaps on this stock... thanks to Phil!

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Mkt cap ! $12.75M
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1.1¢ 1.2¢ 1.1¢ $2.176K 183.7K

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