Altona Energy Share Discussion Threads

[cheekyfella] 25/1/2017 21:10

PEL news... and the possibility it is coming before month end is creating a buying opportunity for some. A positive outcome would be significant...

[cpap man] 25/1/2017 13:37

LOL dempsey2 if it makes you happy just put me down as a P&D merchant!

[dempsey2] 25/1/2017 13:01

Chap man
Just something that i over heard per chance tricky20
Best to keep a close eye on ANR and let's see....

Can you explain or enlighten us more or are you just another pump and dump merchant?

[maytrees] 25/1/2017 12:15

Decent sized buy just now pushed the share price N 10%

[jbennett] 24/1/2017 14:37

Ok CPAP - that really was a Freudian slip on my part or was I just thinking about ANR's historic performance! But seriously, apologies, my fortysomething year old eyes are taking a battering from these smart devices. GLA (one last throw...)

[ih_491287] 24/1/2017 13:50

Okay-thanks CPAP,I am loaded to the gills with these!!

[cpap man] 24/1/2017 12:55

Just something that i over heard per chance tricky20

Best to keep a close eye on ANR and let's see....

[ih_491287] 24/1/2017 12:00

CPAP what leads you to think this?

[cpap man] 24/1/2017 11:35

Yes sort of jbennett as things might just might be about to finally happen at ANR

[cpap man] 24/1/2017 11:10

ANR looking perky again this morning!

[cpap man] 23/1/2017 15:35

1,000,000 x 2 trades have just gone through for ANR [not sells as they are both my connected trades]

ANR does indeed look very interesting barnetpeter!

[barnetpeter] 23/1/2017 10:48

this is very interesting.....a decent move on little volume. The mm's dont have much stock it seems or they want to accumulate.....

[cheekyfella] 20/1/2017 18:21

Expecting more interest / price action here over the next couple of weeks as news about the PEL could be around the corner. Could be significant...

[jbennett] 20/1/2017 10:27

100k buy and we're up 10%Hmmm...

[jbennett] 17/1/2017 10:32

I really hope so New Kid as this is now getting beyond boring!

[newkid] 12/1/2017 17:36

Tarni. I think the PEL is only required because Altona are going down the UCG route. Going back to the original plan of strip mining/opencast would negate the need for the PEL I believe. However the Copex would be much more taking into account the plant build cost and the build time of 3 years. I still think this is the best route as we would know exactly what the outcome would be,7.5 billion barrels of high grade fuel. The build cost should be cheaper now as well as Altona could source the whole plant from China. We could be online in 5 years. Chinese banks are awash with cash so funding should not present a problem given the jobs this would provide for the Chinese.

[p0pper] 30/12/2016 15:17

Not sure about that, If I'm honest I have been here for so long now I very rarely look in as I have sort of written this off now and again being honest I can't really remember why they stopped CTL. To me it just is beyond comprehension why we have changed course more than once when it seemed, on paper, to be such a money spinner.

[anotherardbeg] 30/12/2016 14:08

Popper isn't what you say just down to the oil price? If crude was at 100 or more plan a would still be in place?

[tarni] 30/12/2016 12:44

p0pper

You’re not a believer that voluntary administration was sort to avoid lengthy legal costs and fines plus maybe a bill to clear it up? It may well have been proven in court that errors were made which lead to 4 works needing treatment in hospital and allegedly contaminating the environment. Did UCG fail or the company?

The point I’m trying to make is UCG cannot be labelled bad just because it doesn’t work out in certain cases. Mistakes will happen but it is learning from them that moves technology on. Queensland have jumped with a ban on all UCG but South Australia has not, but they have moved the goal posts for ANR. Originally UCG fell under the mineral licence requirements. Now it falls under petroleum, which is why ANR now need a PEL. PEL requirements are far more stringent so expect a revised feasibility plan and time table to come probably. That is if a PEL is granted.

As for Plan A it could be bought back into play as could open cast mining if needed. UCG was favoured over CTL/MTL as it requires less CAPEX.

The latest delay is not down to the BOD but changes in regulations. Maybe better information to shareholders from ANR wouldn’t be a bad move, I agree.

[p0pper] 30/12/2016 09:56

Oil is not out of favour and nor is all the bi-products that Altona would have produced, and Oz in this region desperately needs electricity so why did they change? and why can they not go back to plan A which was already well under way as far as homework was done. It was also only going to cost $3b to get going, a large amount yes but in relative terms to the figures produced it was peanuts.

[cpap man] 30/12/2016 09:02

Is it? Not according to my screens where the price of coal continues to rise!

[david77] 30/12/2016 09:01

I believed in the story and had far too many shares. I am now out, and it has cost me over £50,000. The dirs are keeping this company alive while they take fat pay cheques. The world has changed since the early days of Altona - coal is now out of favour.

[pembury] 29/12/2016 14:12

any agm info?