Wednesday, November 7, 2007

Asteroid Ore business boosts IMC stock

Date: 071107
Planet: Tatooine
Region: Farpoint Valley

Story: (Written by the Galactic News Agency, Ramona doesn't write IC).

The Intergalactic Mining Company delivered the first cargo of asteroid ore last night to their partners on Corellia. IMC, which has had experienced troubles in the past due to pirate attacks, has recently started up an asteroid mining branch as well, to compensate for flagging planetary ore sales as well.

A large quantity of asteroid iron – over 5000 units – was transported to Corellia on board the TTC-Sunbeam, a YT-2400 class ship chartered from the Tatooine Trading Corporation. The TTC-Sunbeam had been damaged two weeks ago in the Karthakk system by pirates, but has been repaired and upgraded since. The new weapons that TTC had installed, Null-Bolts, proved their worth last night, driving off a number of uncoordinated pirate attacks around the Trade Federation Refueling Station in the Karthakk system with ease.

While the stock market reacted favorably to this, some analysts remarked that IMC’s profits may suffer once the sectors more organised pirate groups become more active again – the recent lull in pirate activity, which IMC used to transport ore without escorting ships, is not expected to endure for long, and the highly profitable asteroid ore might draw more attention to the convoys than IMC could handle.

IMC shares rose 5% at the Coronet Stock Exchange.

No comments: