ADY 0.00% 0.9¢ admiralty resources nl.

You guys do not read the announcement properly...15% was...

  1. brw
    178 Posts.
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    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.
 
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