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View Full Version : Eastern Platinum secures 4 diesel power generators to counter power disruptions



Agbug
04-14-2008, 01:57 PM
http://www.forbes.com/markets/feeds/afx/2008/04/14/afx4886525.html



Eastern Platinum Ltd. said it has secured the rights to purchase four power generators capable of producing over 23 megawatts to ensure it can proceed with the timely development of the Crocodile River mine and Spitzkop-Kennedy's Vale development, in the face of power supply problems it expects will continue for up to four years.

Rooster
04-15-2008, 11:15 AM
I just can't figure why PT is down. All the news about power problems and it's still goes down? What is the reason. I know if industrial uses goes then PT goes down but is it that much? Any ideas? Just wondering

oklabrow
04-16-2008, 09:01 PM
Maybe people were liquidating commodities along with stocks to cover April 15th Tax return payments, and 1st quarter estimated tax deposits for 2008. The markets are not generally accomodative to those needing to raise cash. Notice the rallies that generally or historically prevail on the 16th. Oklabrow.