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10.0% 1.1¢ admiralty resources nl.

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  1. brw
    178 Posts.
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    10/07/08
    10:29
    Post #: 3972427
    You guys do not read the announcement properly...

    15% was PREVIOUSLY the cut off - it is now 8.27%. At 9% the mine can generate a gross profit margin exceeding 40%.

    - Also there is no placement, it is a $200m debt facility they are looking to do.. ( FMG did one of these as well)

    This is a very good result and highlights the striong postion going forward.
    ADY Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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