Ann: Trading Halt , page-6

From AFR - Street Talk
Bathurst Resources has received conditional approval from the New Zealand Environment Court for its Escarpment project, sources told Street Talk Online on Wednesday.

Shares in the New Zealand coking coal developer have been placed in a trading halt and an announcement is expected tomorrow.

Credit Suisse said yesterday the market has been overly bearish on the probability of success for the project, reiterating its “outperform” recommendation.

Bathurst reported a first-half net loss of $6.2 million, which was twice what Credit Suisse had forecast.