ADY 8.33% 1.3¢ admiralty resources nl.

rincon

  1. 1,362 Posts.
    For what it is worth at this stage my guess is as follows:


    The two loans of $5m will be received tomorrow and be used to payout 100% of Hawkswood.

    THEN

    On Friday 25% of Rincon will be sold in order to have sufficent cash for working capital.This will be supplemented with a takeoff agreement.

    Just my view because:

    1. No employees have been terminated at Vallenar nor Rincon

    2. Cash from recent iron ore sales will be used to cover wages and production costs at both sites.

    3. Bulman reserves are still in the process of being determined.

    We will all know on Friday.



 
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