Altona Energy Share Discussion Threads

[newkid] 21/4/2016 19:25

dempsey2. This project is thousands of miles away from Queensland and anything else come to that. I think if anything, going forward, Altona will be aware of the problems with Linc and ensure that this is not an issue.

[thomasthetank1] 21/4/2016 17:04

Read Northland Capital Partners's note on ALTONA ENERGY, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B06GJT32
"More positive news for Altona Energy as this final tranche of funding from joint venture partner Sino-Aus means there is now A$6m in the joint venture company. These funds will be used to advance the Arckaringa UGC Coal Project with the planning of the drill programme now underway..."

[pembury] 21/4/2016 16:12

looking to PB results now!

[tarni] 21/4/2016 13:05

The issue of contamination was brought up at the AGM with reference to the Linc case. George Sutherland said it wouldn’t be a problem as the process would take place at a depth of 600m and there would little chance of contamination reaching the surface. AUD$5.4m says ANR investors think there isn’t a future issue here.

[dempsey2] 21/4/2016 10:04

hxxp://www.thecourier.com.au/story/3859501/farmers-set-to-sue-qld-gov/?cs=2452

[dempsey2] 21/4/2016 09:54

hxxp://www.thecourier.com.au/story/3859501/farmers-set-to-sue-qld-gov/
Maybe this isholding back investor enthusiasm!

[cheekyfella] 21/4/2016 09:05

Hallelujah! As pembury says, let's see what the timeline looks like and how many critical milestones there are. Fundamentally, ANR would not have received monies if the project could not deliver a handsome return on investment. As stated, the resource is in place - the technology is proven -- it's not as if ANR are a wildcat driller hoping to strike it lucky. Like many here, I've been invested in ANR longer than I care to remember so waiting several more years doesn't represent too much of a drama. Best of luck everyone.

[azalea] 21/4/2016 08:13

I believe we are beginning to see genuine evidence of this project forming a basis upon which progress can start to make headway. The resource and technology is proven, if they can be brought together to form a profitable business, investors can expect to make some handsome returns on their money.

[pembury] 21/4/2016 07:57

Decent funding is coming through now, meeting with PB this week re strategy, cash in bank so expect plan of action very soon

[flugelhorn] 21/4/2016 07:36

Remaining money from Sino-Aus has been received aus $1.4mSee RNS.

[newkid] 20/4/2016 12:52

Little by little.

[cheekyfella] 19/4/2016 17:06

The light at the end of the tunnel is definitely not the train coming the other way this time...

[pembury] 19/4/2016 13:46

meeting this week with PB so should get some feedback on this

[newkid] 14/4/2016 17:36

Would have thought the share price would have moved north on funding news. History playing a part in holding this back I believe.

cheeky. Lets hope our new investors do indeed see multiples of current share price Just wish I had taken the plunge @ .025 with a 10k punt. Would have helped with my breakeven point no end.

Would think we could see the shares in issue remain at current levels as funds now in place to move to next stage and going forward.

[thomasthetank1] 13/4/2016 12:37

Read Northland's note on Altona Energy (ANR), out this morning, by visiting www.research-tree.com …
“Positive news for Altona Energy with a substantial financial commitment now received from its joint venture partner, Sino-Aus, and the balance of the funds expected before the end of the month. With A$4.6m now in the accounts of the joint venture entity, and an additional A$1.4m to follow shortly, the joint venture partners can now begin to advance the Arckaringa UGC Project…”;

[cheekyfella] 12/4/2016 18:01

Been the invested for 7 long years. Now happy to stay invested for another 7, by which time all long term holders should be rewarded handsomely for their patience, but not as much as new investors who will make a mint when the share price is many multiples of what it is today.

[azalea] 12/4/2016 09:48

If the price of oil rises significant over the next 3 years, by that time the prospects for ANR could be even more positive.

[jbennett] 12/4/2016 09:47

At last! - great news. Let's hope we can move this project along now without any further delays.

[pembury] 12/4/2016 09:29

A new hope for Altona?

[azalea] 12/4/2016 09:26

Finally there is light at the end of a long tunnel.

[cpap man] 12/4/2016 09:25

About Altona

Altona is listed on the London Stock Exchange's AIM market. Its principal focus is on the evaluation and development of the Company's flagship Arckaringa Project to exploit the significant coal resources contained in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia. 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).

[cpap man] 12/4/2016 09:24

Sino-Aus Financial Contribution



Altona (AIM: ANR), the owner of a world class coal resource in South Australia, is pleased to advise shareholders that its joint venture partner, Sino-Aus Energy Group Ltd, Hong Kong ("Sino-Aus HK") has paid the majority of its first tranche financial contribution to the joint venture company, Arckaringa Coal Chemical Joint Venture Co Pty Ltd.



Sino-Aus HK has made a payment of AUD$4 million with the balance of AUD$1.4 million expected before the end of April, once approval for this transfer has been received from the Chinese government.



Further, Mr Qinfu Zhang, Executive Chairman of Altona and Mr Yin, Chairman of Sino-Aus HK are attending the Liquefied Natural Gas Conference in Perth this week (for more details visit: hxxp://lng18.org/), which will be followed on 15 April with a meeting in Adelaide with Parsons Brinckerhoff (Australia), the mining engineering specialists, to discuss the initial planning phase for the drilling programme at the Arckaringa Project.



-ends-





For further information, please visit www.altonaenergy.com

[p0pper] 12/4/2016 09:12

Well here we go boys and girls