ADY 8.33% 1.1¢ admiralty resources nl.

the most likely result mine tennaments chile

  1. 113 Posts.
    Have you all noticed chinese companys buying key stakes in australian resource companies over the last few months.

    In brazil top ten chinese steel mills bought major iron ore producers during the last week also

    wisco were keen to be included in joint venture oppurtunites with admiralty if they successfully acquired 40% holding from Wyndam.

    We have 10 mine sites in chile two operational 8 to be developed with world class resources.

    China as noted in CNN artical this week has been accussed of possibly stock piling resource to reduce price by reducing demand for material. They announced today increased demand for copper after saying they last month said they were cutting back purchases. Its a big game to get world metal prices down during the financial crisis.

    THE BIG ONE. we all know RIO and BHP NO. 2 & 3 producers locked in record ore contracts. But the No.1 Vale in Brazil was holding supply to china to re-negotiate the ore price in line with RIO BHP. They did rises prices by 97%

    My guess we have sold key mines operations or mine tennaments. we are cheap, need cash. best time to target all companies in australia really and world wide.

    Bulman less likely because the resource hasn't been quantified except for Kacy article earlier on Cougar ltd increasing their resource estimates. suspicious

    Thats my late mail.

    Result: cash injections good for us. If rincon was sold the worst that could happen is we have cash to buy out wyndam and have world class iron operation. BHP already said demand will increases 20% PER ANNUM FOR CHINA REGARDLES OF SHORT TERM VOLATILITY.

    i NEED A BEER NOW!!!!
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