ADY 15.4% 1.1¢ admiralty resources nl.

in a matter of 2 months

  1. 219 Posts.
    In a matter of 2 months we have gone from-

    RINCON
    - We are producing lithium carbonate 99.3% purity after a 100-120 days process when our competitors
    have been in the business for many more years than we have and are producing lithium carbonate 96-
    97% purity and after a 8-9 months process.
    - We are producing 10,000 tonnes of sulphate of potash every two weeks from Rio Grande.
    - Equipment for Rincon and plant for Rio Grande has been ordered and we are waiting for delivery.
    - The tender process continues and progresses satisfactorily.
    - The demerger will be voted for once the remaining tasks (which are minimal) are finalized and we have
    full approval from the ATO, ASIC and the ASX.
    - FUTURE: With the appropriate funding, which part of it will come from the offtake agreement in the
    tender, RLL is poised for a great start.

    to fire sale.

    Even these statements require answering.

    - Where is the money from the potash production 10,000 tonne every 2 weeks at $190 per tonne. Is this included in the sale price?
    - The equipment that has been ordered. Has ADY paid for it and is it included in the sale price?
    - The tender process. Well that is a humungous question on its own.

    What has happened over the past 2 months for this to collapse totally. AND DON'T BLAME THE CREDIT CRUNCH. That is an easy copout.
 
watchlist Created with Sketch. Add ADY (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
-0.002(15.4%)
Mkt cap ! $12.75M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $45.14K 3.967M

Buyers (Bids)

No. Vol. Price($)
5 1003115 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 63432 1
View Market Depth
Last trade - 16.10pm 23/10/2020 (20 minute delay) ?
(live)
Last
1.1¢
  Change
-0.002 ( 15.4 %)
Open High Low Volume
1.2¢ 1.3¢ 1.1¢ 1858419
Last updated 15.59pm 23/10/2020 (live) ?
ADY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.