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Opes chases Admiralty

Patrick Durkin
Patrick DurkinBOSS Deputy editor

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Diversified minerals group Admiralty Resources is fighting off legal action from the receivers of Opes Prime, who are seeking the immediate repayment of a $10.8 million loan they claim Opes director Anthony Blumberg agreed to delay just a month before the stockbroker collapsed.

Admiralty director Phillip Thomas has given evidence to the Victorain Supreme court that during a conversation in February this year, Mr Blumberg agreed to extend the date for repayment of the $10.8 million loan for 12 months until September 30 this year.

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/opes-chases-admiralty-20080915-j8yov