Business
Metalore Resources Limited - "Bucking the trend"
TORONTO, Feb. 12 /CNW/ - Metalore Resources advises that Forward Contracts, previously negotiated...
About this update from Metalore Resources Limited
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 12 /CNW/ - Metalore Resources advises that Forward\nContracts, previously negotiated as much as one year ago, have enabled the\nCompany to achieve record third quarter net profits of 17 cents per share and\ncash flows of 50 cents per share from Revenues of $665,916, compared to 8\ncents and 23 cents respectively from $425,063 during the corresponding period\nlast year. Management expects similar production revenues will be sustained\nthroughout the fourth quarter; however, we anticipate subsequent declines in\nthe price of Natural Gas and related profitability early in the upcoming\nfiscal year due to declining global economic conditions.\n\n\n","length":709,"tagName":"div"}]