Nickel and uranium company Albidon is in a trading halt, pending the announcement of a planned capital raising transaction. The firm went into a trading halt on Wednesday, saying it planned to review its financial position after deferring the lion’s share of a bankable feasibility study into its Chirundu uranium joint venture, which it attributed to the instability of the global financial markets.
The company expects the concentrator at its Munali nickel project to be completed by the end of the year.
Shares in the company last traded at 25 cents per share.
ANDREW HOBBS
The West Australian http://www.thewest.com.au/default.aspx?MenuID=32&ContentID=109269
ALB Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
