Altona Energy Share Discussion Threads

[tidy 2] 17/12/2015 14:39

No mate it was a buy at premium.

[pembury] 17/12/2015 14:32

dump from earlier by the looks of it

[tidy 2] 17/12/2015 14:05

2.5m delayed at premium.

[liquid millionaire] 17/12/2015 13:42

ABSOLUTELY MASSIVE

MAJOR

MONSTER

WORLD CLASS

$$$$ BILLIONS £££;£

[pembury] 17/12/2015 12:23

monster if they get it right - 'world class' asset but 3-5 years away

[tidy 2] 17/12/2015 12:23

7.8Bn Coal Resource Breakdownm=measured i=indicated f=inferredWINTINNA 1150M 750I 2000FWESTFIELD 100M 200I 500FMURLOOCOPPIE 250M 300I 2600FTOTAL 7850 MILLION TONNES7.8 billion Tonnes

[tidy 2] 17/12/2015 12:14

The Project is designed to produce syngas products for the Australian market and export from a resource exceeding 7.8 billion tonnes of coal (1.3 billion tonnes JORC compliant).

[pembury] 17/12/2015 12:13

deramping? first payment in by 21st December mate- i was talking about Sino

[terry hardacre] 17/12/2015 11:58

Liquid Millionaire 17 Dec'15 - 11:40 - 18027 of 18031 0 0

pembury 17 Dec'15 - 07:12 - 17988 of 18026 1 0

was hoping to receive the cash but not until end of Jan now - been here before me thinks! great response to placing news though



Hence all the de-ramping this morning!

Hence the 30% drop in the shareprice this morning.

[liquid millionaire] 17/12/2015 11:45

Most probably TOPINFO!

[risk1] 17/12/2015 11:42

Toby time has to be the most idiotic poster on advfn??

[liquid millionaire] 17/12/2015 11:42

Tarni 17 Dec'15 - 10:36 - 18023 of 18027 2 0

As I attended the AGM I would make the following

$3.2Bn was the cost to build the original CTL plant which was revised to a MTL in later years as the costs were the same but revenue higher. The latest purposed UCG plant would cost significantly less, in the region of an eighth of the cost of the MTL plant. Construction time would be considerably less. It is not necessarily the best way to extract the most energy or highest return per unit of coal but there is a time and cost factor to be considered. UCG is cheap and will produce revenue on a short time scale.

The current BOD are committed to delivering on time and it is likely that the 3year BFS is an over estimation. Better to state 3 and take 2 than state 2 and take 3.

There is no further planned issue of shares up to the completion of the BFS other than what has been already set out. At current cash burn funding should be adequate.

The problem for the BOD is the there are any many different scenarios that could play out during the BFS and on completion. They believe that UCG is the best option and certain decisions can only be made as the BFS progresses hence the statement:

"Our initial focus will be to investigate the feasibility of product extraction via underground coal gasification (UCG) using the latest technologies available to us, however our approvals from the South Australian government give us the flexibility to explore other extraction methods should we find this not to be the most suitable option for our asset."

It may well be the case that they may go for a combination of extraction methods.

Tarni



Thank you Tarni for the very encouraging feedback from yesterdays ANR AGM

[liquid millionaire] 17/12/2015 11:40

pembury 17 Dec'15 - 07:12 - 17988 of 18026 1 0

was hoping to receive the cash but not until end of Jan now - been here before me thinks! great response to placing news though



Hence all the de-ramping this morning!

[sharetips6] 17/12/2015 11:39

tobytime is probably driller50 as well spamming everywhere

[driller50] 17/12/2015 11:31

PXOG is this why the nomad is keeping a tight lid on things.

Topinfo
1m: @TopTradersADVFN #PXOG Hearing 2 acquisitions in Italy are coming

[tarni] 17/12/2015 10:36

As I attended the AGM I would make the following

$3.2Bn was the cost to build the original CTL plant which was revised to a MTL in later years as the costs were the same but revenue higher. The latest purposed UCG plant would cost significantly less, in the region of an eighth of the cost of the MTL plant. Construction time would be considerably less. It is not necessarily the best way to extract the most energy or highest return per unit of coal but there is a time and cost factor to be considered. UCG is cheap and will produce revenue on a short time scale.

The current BOD are committed to delivering on time and it is likely that the 3year BFS is an over estimation. Better to state 3 and take 2 than state 2 and take 3.

There is no further planned issue of shares up to the completion of the BFS other than what has been already set out. At current cash burn funding should be adequate.

The problem for the BOD is the there are any many different scenarios that could play out during the BFS and on completion. They believe that UCG is the best option and certain decisions can only be made as the BFS progresses hence the statement:

"Our initial focus will be to investigate the feasibility of product extraction via underground coal gasification (UCG) using the latest technologies available to us, however our approvals from the South Australian government give us the flexibility to explore other extraction methods should we find this not to be the most suitable option for our asset."

It may well be the case that they may go for a combination of extraction methods.

Tarni

[pembury] 17/12/2015 10:10

3 years until they get BFS though? is that what seismic was on about?

[newkid] 17/12/2015 10:09

seismick.

this is years away from any revenue with substantial dilution to come and they still need $3bn to develop it lol.

seismick. The $3bn was for the old project. The new scheme will cost far less and come on line much sooner.

I see we have been joined by the idiots again. Why do they always do it?

[sharetips6] 17/12/2015 09:34

Not surprise me if this tidyoioi name is another of tobytime73/65jack given
the language.

[liquid millionaire] 17/12/2015 09:31

Already done that pembury - there is NO delay!

[pembury] 17/12/2015 09:30

READ THE RNS!

[liquid millionaire] 17/12/2015 09:22

Exactly p0pper what delay is pembury going on about?