GREY:ATNAQ - Post by User
Comment by
nonrev321on Dec 10, 2007 4:46pm
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Post# 13997648
RE: Question for the board
RE: Question for the boardHello,
Just spoke with IR. IR Reports that as end of Aug Barrick had spend approx $1 mil. Estimations for end of year expendatures by Barrick are $2 Mil.
I expresed surprise that so little had been spent. IR stated they believed that Barrick had their plate full with the PD aquisition but that they now had 5 drills working on Pison and were spending money.
So though they haven't spent much it appears that spending is picking up. They still need to spend approx $28 Mil between end 08 and spring 09.
IMO I'd like to see ATN return to 70% on this project...
Will watch and if Barrick is still low on spending around late spring/mid-summer I may take a chunk,,
Rgds
nonrev