Altona Energy Share Discussion Threads

[tarni] 09/3/2015 11:07

The BFS is for the CTM project. The BFS doesn't need to be completed to start a UCG operation on the side.

[pembury] 09/3/2015 10:19

The chances of any revenue before 2020 are slim to non imho.

[2admiral] 09/3/2015 10:14

Aint going to happen. Two years for the BFS and that timeframe hasn't even started because they dont have the cash yet after delaying payments to appoint a drilling contractor and even then there will be further delays while they look around for availability/ terms etc. And to add to that the BOD are still undecided on best ways to advance the project- after how long!!!

[tarni] 09/3/2015 09:47

2admiral - You are not taking into account the UCG option. This is explained at the end of the last presentation. If the drilling program confirms that this an option it could be producing revenue within 2 years.

[2admiral] 09/3/2015 08:44

Yes and there will also be further placings to come as outlined in previous RNS's. Drilling hasn't even started yet so the two years is ticking and they have already defaulted on early payments. Even the BOD have highlighted further delays. No revenue for ten years and at current rate of cash burn will cost £16-20m in losses and dilution.

[p0pper] 09/3/2015 08:31

FFs 2admiral why don't you take the time to go back through the RNS's of late, the partners are going to fund the BFS and effectively fund our running costs.

[liquid millionaire] 09/3/2015 08:13

LOL h&t - actually read the RNSs....asking a bit much of many around these parts aren't you?

[2admiral] 09/3/2015 08:12

Yes but who will fund the ANR operating costs for which they are losing £m's every year?. Shareholders will get diluted for the next 10 years until revenue comes in!.

[here and there] 09/3/2015 08:08

you guys should read the RNSs. They have a partner who will fund the BFS

[seismick] 09/3/2015 07:56

Or in other words 21trader - dilution!

[21trader] 09/3/2015 07:52

90% of Aim miners have been doing the same from day one and still going strong
so maybe no such worries for them if they keep getting the funding.

[pembury] 09/3/2015 07:47

Not sure how this business is going to be sustainable, losing £1.6-2m pa and production probably 9-10 years off.

[tarni] 01/3/2015 16:03

hxxp://www.presstv.ir/Detail/2015/02/26/399298/Iran-is-completing-the-worlds-largest-methanol-plant-which-the-country-is-touting-as-a-rival-to-US-shale-gas-shale-

[targatarga] 27/2/2015 16:40

The stench around miners at the moment is overwhelming. Bao being taken out for a pittance by it's biggest shareholder will affect these...!

[tcrober1] 27/2/2015 16:28

10K buys today and share price remains unchanged-- no justice

[p0pper] 23/2/2015 17:05

FFS 30% spread here don't give you much enthusiasm to buy does it. :(

[fozdad] 20/2/2015 15:51

Not the same company and not even the same name. We are in a JV with Sino-Aus Energy Group Limited, not Sino Autralia Oil and Gas Ltd

[2admiral] 20/2/2015 15:10

Hope not as can't find any info on them apart from a link i just read re Sino Australia. Now they have delayed payment here so hopefully not them?. Exactly the same name though.

[2admiral] 20/2/2015 14:39

Is this the same Sino Australia (Sino-A) connection that pulled out of their funding arrangement with Empire Energy who are now being sued?. They have since lost the license.

[mc7y] 17/2/2015 15:06

can buy at 0.86
nice to see that silly spread disappear today

[pembury] 13/2/2015 08:27

Yet more delays. Had concerns about Sino all along and have further doubts about them now.

[2admiral] 13/2/2015 08:21

Nothing to get excited about, short with little content. 2025 production jeez!

[tricky20] 10/2/2015 13:18

Page 33 of the 2014 AGM presentation,it is a fairly simple inexpensive process and hence quite plausible.Do not forget Wintask and Sino Aus are petrochemical engineering experts,this is not new science to them.