Ammtec up on lower profit guidance

Shares in Ammtec have risen despite the company again lowering its profit guidance for the 2009 financial year as the mining downturn starts to flow through to the metallurgical testing company.


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Two items of interest in this annoucement: 1. They are forecasting stronger performance in 2nd half of year when compared to first half. This given a significant chnage in business conditions particulaly for mining companies and their suppliers. Does anyone else find this hard to believe? 2. They are doing testing for a pre-feasibility study to supply a material that they have a financial interest in. This screams conflict of interest to me. What does everyone else think?

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