Altona Energy Share Discussion Threads

[barnetpeter] 31/3/2017 17:22

Strange day. No trading of this stock....a lot of coal here for a 5M company.

[newkid] 31/3/2017 10:35

Having looked over the report it does look like Sapex Energy Limited,are holding the cards at the moment.

This paragraph says it all.

The JV Company is now waiting to be awarded its own licence, PELA 666, which covers the same area of land (9,259 km(2) ) as PELA 604. The South Australian Government has confirmed that the JV Company's application would be the next to be assessed, should the new owner of PELA 604 not proceed with their application.

Not sure if the application has a time limit.

If Sapex do proceed with their application then not sure where we will be going forward. It's been along time now but am I right in saying we already have approval for an opencast project. It has always been my view that this would be the best way to go.

[pembury] 31/3/2017 07:37

That is one massive coal resource!. Looks like the JV is going to kick in but all depends on the PEL issue which is next on the government list, can't be far off.

Looks like plenty of demand but inadequate power supply in the region.

[cpap man] 27/3/2017 21:40

chipperfrd27 Mar '17 - 09:33 - 2814 of 2817 1 0

Perhaps there is a degree of 'end-of-tax-year' portfolio adjusting going on. It is fairly normal on the LSE at this time of the year. If so, it will all end soon.
Chip

[p0pper] 24/3/2017 10:59

With all the news in S.A. about power outages it makes you wonder why the bloody hell they don't go back to plan A This should of all been up and running by now at a cost of only $3bn which in reality is peanuts compared to what the projected original figures were.

[jbennett] 24/3/2017 10:42

Tick Tock....when was this news expected by?....

[thelung] 16/3/2017 16:44

Interesting. What was that flurry about?

[p0pper] 16/3/2017 16:39

Pembury, what do you mean? is there news out? where?

[pembury] 16/3/2017 14:11

congrats to the bod!

[newkid] 13/3/2017 17:04

My walls are now dry. Need something else to watch now.

[jbennett] 10/3/2017 12:02

Filter me then CPAP. Simple enough.

[pembury] 10/3/2017 11:18

as ever you can buy within the spread currently under 0.7p

[cpap man] 10/3/2017 10:45

Ridiculous postings!

[jbennett] 10/3/2017 10:43

Ridiculous spread!

[pembury] 07/3/2017 12:06

-20% and back to norm then
chuffing waste of time really

[jbennett] 07/3/2017 11:49

Correction 2.4m sell

[jbennett] 07/3/2017 11:47

Not many buyers coming in at these levels. 3M sell ahead of good news unnerves me as well.

[thelung] 07/3/2017 10:09

Similar pattern to Dec 15 / Jan 16?

[jbennett] 28/2/2017 16:58

The 2m trade looks like a buy to me

[tricky20] 23/2/2017 14:15

CPAP-I beg to differ on that. There will be a plcing in about June when Altona runs out of cash. This will probably be taken up by Sino Aus. They will only raise a years money and then look to do another placing in 2018 at a much higher price to ensure they have sufficient working capital. We are all going to get heavily diluted here, that is why if you do like the risk/reward profile you should buy a lot of stock sub 1p,so when the inevitable dilution does occur you will still have a decent position.

[cpap man] 23/2/2017 14:04

DYOR barnetpeter but there will not be a placing here....

[barnetpeter] 23/2/2017 12:56

the company has not done a placing for yonks apart from the joint venture which is in safe hands. Don't want to dilute at this price. So I dont think you will get yr slow and steady....there is a tiny free float and 10 million traded is a lot. So sharp movements are inevitable. If the coming news is good then 200 per cent rally if the herd buy in big numbers.

1 million gone through....

[cheekyfella] 23/2/2017 12:42

Is this building up to another "you wouldn't want to be out of this over the weekend" Friday splurge like last week or are ANR readying the PEL rns for release?

[cheekyfella] 23/2/2017 12:30

wakeym wakey, hands off snakey