I couldn't find the exact news message I saw posted on Tuesday night, but here is one from the London Stock Exchange saying much the same thing:
"Australian-listed nickel miner Albidon yesterday announced a production cut at its flagship mining operation in Zambia that left it in breach of its debt covenants. With the nickel price plummeting to US$5.12 a pound from US$22 a pound in May 2007, Albidon said it aimed to cut its production costs to US$4 a pound from more than US$7 a pound by the end of the year by focusing on higher-quality ore. The company's lenders said they would assess the production cut before deciding whether to provide a waiver to the debt covenants."
London Stock Exchange News Summary
I couldn't find the exact news message I saw posted on Tuesday...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.720M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44194 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 68369 | 1 |
View Market Depth
| Last trade - 10.32am 26/07/2024 (20 minute delay) ? |
| ALB (ASX) Chart |
Day chart unavailable