ADY 22.2% 0.7¢ admiralty resources nl.

Can anyone explain to me the reason for this project when,...

  1. 758 Posts.
    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.
 
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