I for one am satisfied that the fundamentals of ADY have not changed. The bearish among you are clearly too short sighted. You fear this 13 mil 'provisional' loss. I doubt that many of you have bothered to research the accounting standard AASB 137 that is 'loss' is listed under.
You will find that this a another oddity of reporting standards, and as any of you with experience in this area know, it does not translate into a real cash loss.
People also seem to have missed the expected US40 - $60 million that is expected to be received as a prepayment mid 2008 for the 10% forward sales of the lithium (See page 12 of the audit) and thats real money in the bank.
Lets all look a little closer before jumping overboard.
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Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 188559 | 0.9¢ |
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Price($) | Vol. | No. |
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1.0¢ | 622455 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 188559 | 0.009 |
4 | 686509 | 0.008 |
8 | 1080821 | 0.007 |
6 | 1400000 | 0.006 |
6 | 1157440 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 622455 | 2 |
0.011 | 662260 | 2 |
0.012 | 245041 | 2 |
0.014 | 200000 | 1 |
0.015 | 2000000 | 1 |
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