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Admiralty clings to hope of asset sale

Junior resources player Admiralty continues to cling to a faint hope of staving off receivership and surprised shareholders at its annual general meeting by announcing it still believed an apparently collapsed asset sale might proceed.

At a packed meeting in Melbourne yesterday, angry and confused shareholders grilled the board, which is scrambling to retire a debt to the receivers of failed stockbroker Opes Prime.

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    Original URL: https://www.afr.com/companies/admiralty-clings-to-hope-of-asset-sale-20081126-j8eqr