Athabasca Minerals Inc ABCAF

NEWS.......that CINDY didn't want to post!!!!

[Red_Deer]

ALL the FLUFF news releases CINDY has posted here amount to hoot.

All that matters is the SHOW ME THE MONEY kind of news releases__in other words the periodic Financial Statements.

So here we have the first glimpse into the first TWO months in the life of the amalgamated ABM/AMI non-arms lenght deal.

Check out the report on SEDAR__and READ and WEEP!

And pay particular attention to the ''Creative Reporting/Accounting" whereby ABM management have now split the HUGE Goodwill ''Asset"__which most of the $9 million bank loan was used to pay for__into Goodwill and INTANGIBLE Assets!!

LOL!__Intangible is actually a VERY appropriate term__Even better than Goodwill

Intangible Assets basically means that in a true Arms Length business transaction those ''Assets'' would fetch pennies on the dollar compared to the $13 million which ABM paid for them in their non-arms length AMI deal.

Another VERY interesting item that all ABM investors should locate in these Financials is the future reclamation liability ABM is now on the hook for down the road__firstly at the Poplar pit and eventually the Susan Lake pit.__And we are talking about HUGE disturbed areas of 1000s of acres of land!__NOT GOING TO BE CHEAP!!!!!!!!

So__like I said__READ and WEEP!!!!!

I CAN'T WAIT TO SEE THE FIRST FULL QUARTERLY REPORT COMING OUT IN THE NEXT MONTH!!!!

EDMONTON, ALBERTA, Mar 31, 2009 (Marketwire via COMTEX News Network) --

Athabasca Minerals Inc. (the "Company" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce the filing of its audited annual financial results for the period ending November 30th, 2008.

The complete financial statements for Athabasca Minerals for the period ending November 30th, 2008 and the Management Discussion and Analysis for the same period are available for viewing on SEDAR.