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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Sailing2 who wrote (118667)	3/6/2009 12:24:43 PM
From: Kayaker	Respond to of 206085

This is from the evening of Feb 27th. TXCO started its slide down the next trading day.... TXCO Resources says in breach of covenant Fri Feb 27, 2009 9:38pm GMT * Says in violation of current ratio covenant * Says in talks with lenders for waiver Feb 27 (Reuters) - Oil and gas company TXCO Resources Inc (TXCO.O: Quote, Profile, Research) said it was violation of its current ratio covenant in its credit and loan agreements with Bank of Montreal (BMO.TO: Quote, Profile, Research) and other lenders. The company said it was in discussions with its lenders to affect a waiver of its covenant. TXCO also said the default on its covenant could result in the holders of some of its preferred stock having a redemption right.... uk.reuters.com