ADY 9.09% 1.2¢ admiralty resources nl.

where to from here

  1. 377 Posts.
    so ady are debt free and from my calcs have about 8-12m left in the bank once all debts are paid off. This surplus cash will not be enough to last us to february IMO and therefore would constitute the need for another loan.
    However, should ADY last to feb-may, we have the opportunity to obtain 100% of CMSB. What we really need then is our own port, of which hopefully we could have raised enough money through debts owed and a new business plan for a new loan. This eliminates the bottleneck at port which is of current, and increases the potential for a JV. IF this could result, selling RLL may have been the best option.

    Peoples thoughts?
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