ADY 0.00% 0.9¢ admiralty resources nl.

all is revealed, page-34

  1. 297 Posts.
    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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