RE: company is a producerWe are waiting for the news on Kinross payment, and it can come any day
Whether or not the sale is significant, it still represents a huge first step for Encore (i don't think they had any revenues in past). I am not sure why anyone would be selling at this point, especially at market price.
Michael Mulberry, president of Encore, comments: "This is the singlemost important milestone achieved by Encore to date. Now shipping thegold mineralized rock to Kinross for processing is a goal that has beenattained by management, and is a significant step forward for a companyof Encore's market capitalization. Encore expects to receive its firstrevenue from sales within the next 30 to 60 days. Management is proudof this achievement, and looks forward to what the future holds forEncore as the Bonaparte gold mine site is fully developed at a time ofnear all-time-high gold prices."
Good Luck!