Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (8028)	12/19/1997 10:44:00 AM
From: Kerm Yerman	Respond to of 15196

EARNINGS / NTI Resources Nine Months Report NTI RESOURCES LIMITED ASE SYMBOL: NTI DECEMBER 19, 1997 NTI Resources Limited Third Quarter Results for 1997 CALGARY, ALBERTA--NTI Resources Limited ("NTI") announces the unaudited results for the first nine months of 1997. For the nine months of 1997 total assets increased reflecting investment in Nigeria ($20.5 million) and continuing cash calls in the SOCO Tamtsag Mongolia Inc. (SOTAMO) project ($5.0 million). These investments were financed by the issuance of new shares and a draw down of cash. NTI incurred a loss of $0.5 million in the first nine months of 1997 compared to a profit of $3.7 million in the same period in 1996. The 1997 loss was largely due to operational overheads and the equity portion of losses from SOTAMO. The 1996 profit was due to a gain on the disposal of discontinued operations. /T/ Third Quarter Financial Highlights: September 30 September 30 1997 1996 (9 months) (9 months) -------------------------------------------------------------- Total Assets $58,281,887 $39,783,313 Net Working Capital (Deficiency) $ 6,056,891 $(8,872,257) Shareholders' Equity $57,357,763 $30,839,383 Net Income (Loss) $ (462,941) $ 3,717,706 Earnings (Loss) Per Share $ (0.003) $ 0.048 --------------------------------------------------------------