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10.0% 1.1¢ admiralty resources nl.

rincon star

  1. elder
    758 Posts.
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    10/08/05
    10:57
    Post #: 1073839
    Can anyone explain to me the reason for this project when, according to the consolidated financial statments published by the company, it will still show a NET NEGATIVE Cash Flow of approx $21mill by end of June '08. Itseems to me that, according to these statements, the Rincon Star project will simply be 'financially carried' by the iron ore project.

    I would appreciate some enlightnment, as maybe, I have missed something.

    I am a holder.
    ADY Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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