Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Nordic nickel, copper and zinc explorer FinnAust Mining (FAM) wants to secure a second drilling rig to accelerate its exploration programme in Finland, where it is probing three historically-mined high--grade deposits in which it has controlling stakes. This is in the wake of finding encouraging mineralisation at one of its project, Hammaslahti, in the south of the country. London-based FinnAust, whose losses rose from £401,000 to £2.4 million in the year to June following a £1.2 million asset impairment charge for past unsuccessful drilling and £1.2 million of administrative expenses, ended its financial year with £1.5 million cash and can fund its exploration programme, says executive director Alastair Clayton.
Filed under:
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Time left: 15:59:54