NEWS7:22 AM Apr 28, 2008 Investors in View eye deal in...

NEWS

7:22 AM Apr 28, 2008



Investors in View eye deal in weeks

Source - The West Australian

TOP NEWS
Oil strikes new record at $US119.93 a barrel 9:50 AM
Local stocks open stronger 10:21 AM
Qantas to meet 2007/08 profit target:Dixon 9:42 AM
Orica H1 profit lifts 13% 8:40 AM
IAG lowers full year margin guidance 9:30 AM

THE SPECTATORS
SCOREBOARD: US rates steady
Kohler: A brand Newsday
The deleveraging cycle
Gottliebsen: Sizing up Centro
Is HBOS next?


View Resources administrator Andrew Saker expects to receive proposals for the miner from a number of parties by late April 2008. Saker, from Ferrier Hodgson, indicates these proposals could either involve a restructure of the Western Australian miner or the sale of some of its assets, including its Bronzewing gold mine and 30% stake in the Carnilya Hill nickel mine. IMC Resource Investments provided nickel division View Nickel with a $A19m capital injection in March 2008 for working capital and debt reduction. The Bronzewing gold mine is under care and maintenance

Distributed by News Bites. © Lexis-Nexis