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ADY - Admiralty Resources

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Ann out today...

Vallenar Iron filed a legal writ against Besalco for breach of contract and seeking a financial indemnity in favor of Vallenar Iron in the amount of US $83M for lost production for the period Feb to May 32 2008.

Is it possible that ADY are being screwed by the Chilean companies its working with and in "selling" the LIO asset its just trying to save the asset from receivers?

I have no idea, its just a thought...
 
Have I got my facts straight? ... Is it the administrators of Hawkeswood that are pulling the plug? Is Hawkeswood in receivership because of its connection with Opes Prime. Was a director of Opes Prime also a director of ADY (since resigned).
Do we seriously believe that directors have no connection with each other outside the board room. Some directors behave as if they own the company, rather than manage it on behalf of the shareholders.
If PT has a 25% share of the company, how did he get it? (I paid market price for my shares)
The sooner these cowboys are locked up and out of the system the sooner confidence will return to the market and we can get on with normal risk assessment instead of second guessing the bona fides of the people to whom we entrust our investments ... it is ASICs job to weed them out, so get on with it ASIC.
I exited ADY when I saw the Opes Prime connection ... I don't recall any notice informing the market of the resigning director's connection with Opes Prime, just the usual 'thanks very much and you did a wonderful job'. Sounds like a nod and a wink to me.
Update: Charge Resources couldn't get the downpayment for Rincon ... I wonder if they had the gall to go to ANZ for a loan.
 
I wasn't sure of my facts in previous post, so here's a little research if you are interested:
**** Check out ASX notices 6MAR08 (Anthony Blumberg resigned because he had too much work floating Opes Prime, of which he is major shareholder and director, an didn't have time for ADY); and 28MAR08 (Phil Thomas advised associated entities have margin lending facilities with Opes Prime)
****http://www.deloitte.com/dtt/press_release/0,1014,cid%3D198818,00.html .... ("Deloitte Corporate Reorganisation Group were appointed by a secured creditor, ANZ, as Receivers and Managers of Opes Prime Group Ltd, Opes Prime Stockbroking Ltd, Leveraged Capital Pty Ltd and Hawkswood Investments Pty Ltd.")
****http://www.news.com.au/heraldsun/story/0,21985,23448581-664,00.html ("Mr Blumberg arrived in Australia from London, via South Africa, in 1999, spending about a year with Deloitte as an e-commerce and banking specialist.) Comment: This is an interesting article ... it also exposes the connection between Opes Prime director, Lirim - known as Laurie - Emini, and ANZ.
****http://www.smartcompany.com.au/Free.../20080404-Opes-the-full-story.html?source=RSS ("The directors of Leveraged Capital are Laurie Emini and Julian Smith, two of the founders of Opes. And the directors of Hawkswood are Emini, Smith and the other founder of Opes, Anthony Blumberg. "
****ASX notice 3/4/08 (Merrill Lynch sold out it's own holding in ADY) Comment: Merrill Lynch was one of the creditors of Opes Prime and so would know what was about to hit the fan ... pity they didn't tell everyone, but I took the hint and bailed as well.
 
nice digging...

Will be an interesting AGM (Angry Group Meeting) Tuesday in Melb going by the posts on hc.. many people have lost lots of cash in this disaster!
 
well today it just shot up , any ideas why? is this a dead lead did i make my first New years boob? 2200+ trades today? why? no news or anything the market has gone crazy!
 
option158 said:
well today it just shot up , any ideas why? is this a dead lead did i make my first New years boob? 2200+ trades today? why? no news or anything the market has gone crazy!
Click to expand...

Day traders paradise.

Biggest pump & dump I've ever seen. The company has next to no cash flow, but has cash.. Day traders have been pumping it like no tomorrow in the morning, and then dumping in the afternoon. Unbelievable..
 
LOL cant belive the last post here was 9th of Jan


this stock seems fishier than pyrmont fish markets if u ask me

the depth is quite overweight on both sides for a share trading @ 3.4c.

2c to 5c then back to 2 now 3.4??

what gives.

can any1 shed some light

I almost bought 100,000 units on the open this morning then i chicken out and proceeded to kick myself for the rest of the day
 
They've had a speeding ticket twice now by the ASX, which received terse "we know nothing" replies from the Company Secretary. The latest we know is that they've completely stopped iron ore production pending legal dispute with Besalco. They sold their most valuable asset for a pittance so have some cash in the bank. Maybe they can become an internet company again and forget about the iron?
 
admiralty relased ann this morning indicating legal issues with wyndham settled, sp currently up 20% on large volume

cheers
 
massive turnover in ady today, the equivalent of approx 25% of the stock traded, 326M shares, sp up 36% at close

cheers
 
Could be of interest to existing and potential investors in Admiralty Resources. I agree with the comments in BOLD

Mira, Portugal – 20-07-2009 – SADIF Investment Analytics, today announced the release of a new summary due diligence report covering Admiralty Resources NL (ady). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Admiralty Resources NL investor.

Report Summary: Admiralty Resources NL is an average quality company with a positive outlook. Admiralty Resources NL has strong business growth and is run by inefficient management. When compared to its closest peer, Mount Gibson Iron Limited, Admiralty Resources NL shows similar overvaluation and is equally likely to outperform the market.

As a recent member I don't have the Post Count to supply the link, check out sadifanalytics & ady . I am not a promoter or representative of either Sadif or Admiralty Resources.
 
G'day! Finally ventured my 1st post. Interesting reading on ADY. New 2 trading & learning. Is ADY @ 2.3 c good buy. What do U think? Mngmnt improved?
 
ADY

Any other holders of this stock in here ? does anyone know anything re finance issue for Admiralty and will they soon start to produce again? HC posters talking of this today plus SP up 12% or so.

Thanks in advance.
 
Been watching Admiralty, ADY, for about 12 months. Finally bought 30,000 at .019 cents.I am new to AussieStockForums and have had my suspisions confirmed that the directors are only there to keep a job. They don't seem to do anything remarkable, and whenever they get in a spot of bother they issue more
shares. I may as well sell and buy 250,000 Australian Mines,AUZ, at least when they move it will be at least 50%.
I was pussy footing about with Gindalbie GBG, and Giralia GIR, when they were both around .30 cents. "He who hesitates is lost" or something like that.
Good punting, Chrisalex.
 
ADY. Am I correct

Am I correct in thinking that ADY Admiralty after 18 months is finally doing something. It rose %10 in the first 30 mins.
Non-ren. rights offer is responsible I would think. I have been watching for a
while but only new to investing, 4 weeks. Other companies in this situation seem to rise about %30 then drop off again to a steady bouncing ball. Could I get another view on this, however I am a firm believer in DYOR.
Thanks, chrisalex
 
Re: ADY. Am I correct

I think that Bellingen is a fine place to invest from. I would be a lot happier there myself I think. Good luck with working out ADYyyyyyyyyyyy.
 
It's the new year. Having lost my shirt in the last couple of years with this mob, I wonder what little they will do this year. In theory they should be able to flog a bit of South Amercan iron ore to the Chinese - so I'm interested in what stories we'll hear this year to justify magnificent none performance and high directors fees....
 
Is anyone holding this stock? Have been watching this stock for a while. Is there any potential that it will rise again. There is no posting since a long time.
 
The chart says it all for this company...flat lined. But being optimistic, it's still operating, so for the high risk gambler there may be an upside to it.
 

I know the feeling BusyBoy, also lost a packet on these guys when the whole Opes Prime thiing was going on and they had to off-load the only real valuable asset they had. At least P Thomas is now out of the frame - anyone know what he's up to now?
 
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