Aquila Resources shares ease
SHARES in Aquila Resources Ltd eased after the coal and iron ore miner reported a widening of its first half net loss.
Aquila shares closed down 25 cents, or 2.86 per cent, at $ 8.50.
The company yesterday reported a net loss for the six months to December 31 of $ 15.79 million, compared to a net loss of $ 12.43 million for the previous corresponding period.
Aquila said the result reflected its policy of expensing exploration and feasibility study costs as they were incurred.