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Ariana forecast 47% rise in Kiziltepe gold production

Member Info for petertee

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Member Since: Tue, 24th Jun 2008

Number of Share Chat Posts (all time): 14,242
Number of Share Chat Posts (last 30 days): 0

Last Posted: 6 Jan '14

19 Nov '13

hopefully seller will finish so we can move up to 1p (and beyond)
19 Nov '13

ticking back to 0.95p today perhaps?
18 Nov '13

currently down 7.7% @ 6c in Toronto
18 Nov '13

" hurt by falling nickel prices and production problems, said it would seek a court-supervised overhaul after failing to raise funds and might face bankruptcy if the reorganisation failed"
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18 Nov '13

no bet from me - and in China we are not permitted to use Facebook !
18 Nov '13

yes you are right - sometimes years rather than months to achieve profitable results - imo
18 Nov '13

Antrim’s failure to meet additional capital costs could result in the company losing its stake in the asset.

The challenge is further complicated by hedging arrangements. A US$30mln oil sale swaps deal was arranged at the start of this year. The arrangement was subject to a number of financial and operational covenants, as well as restrictions on cash balances, the company explained.

Antrim now expects to be in breach of some of those covenants and its oil production volumes are too low to remove restrictions over current oil sales proceeds.

In the past three months Antrim has made a US$2.3mln loss on the hedge.
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18 Nov '13

did not work out so well for TVZ though
18 Nov '13

up-ticking now 8.13 - 8.20p

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