ANM advanced magnesium limited

mistake in quarterly report

  1. 878 Posts.
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    Makes a bit of a difference when $4+million is involved.

    At least the mistake makes this quarterly figure look like a vast improvement over the last quarter.

    Now maybe the shareprice will go North.


    7 November 2011
    Company Announcements Office
    Australian Stock Exchange Limited
    20 Bridge Street
    Sydney, NSW, 2000
    Dear Sirs,
    Appendix 4C – Quarter Ended 30 September 2011
    Reference is made to page 3 of the above report and the heading “Reconciliation of cash”
    An amount of $7,985,009 was incorrectly shown at the item “Cash on hand and at bank” for the previous
    quarter. The correct figure was $3,524,723.
    The table “Reconciliation of cash” should appear as follow.
    Reconciliation of cash
    Reconciliation of cash at the end of the quarter (as shown in the
    consolidated statement of cash flows) to the related items in the accounts
    is as follows.
    Current
    quarter
    Previous
    quarter
    $A $A
    4.1 Cash on hand and at bank $7,985,009 $3,524,723
    4.2 Deposits at call — —
    4.3 Bank overdraft — —
    4.4 Other – Bank bills & Term deposits — —
    Total: cash at end of quarter (item 1.5) $7,985,009 $3,524,723
    Yours Sincerely
    John Talbot
    Company Secretary
 
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Currently unlisted public company.

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