Cleantech Share Discussion Threads

[doji star] 20/5/2009 14:41

WTN trading halted on TSE

[vizz] 20/5/2009 12:25

Pap - See Kooba's post here at 6am.

[papillon] 20/5/2009 10:56

Poster on WTN bb has posted that the FT reckon WTN bid for CBM could be this week. Can't afford the FT so no comment!!

[volvo] 20/5/2009 08:14

LFD bought sold bought and watching.

[lfdkmp] 20/5/2009 08:06

Sorry O/T guys

VOLVO

Are you watching over on FTO?
Haven't seen your moniker there for a while?

[volvo] 20/5/2009 07:50

Good find kooba.

Yesterday saw the position taking and WTN performed ok so 60p will be the take out today for CBM at .75 a share.

Looking for 50p to 52p soon, by Friday depending on WTN of course.They go on we go on and visa versa.

[kooba] 20/5/2009 06:06

"Cambrian Mining , which has been in takeover talks with Western Canadian Coal since December, added 9.8 per cent to 44¾p. Traders reckon the discussions could soon come to a conclusion given that Cambrian has a $27m convertible bond which matures this weekend. Western Canadian scrip offer values Cambrian at around 56p a share."

[kooba] 19/5/2009 18:12

as we approach the end game here wouldn't be surprised if the press woke up to our little bid situation...maybe some comment might actually make cbm let us shareholders know wtf is going on.

[lefrene] 19/5/2009 15:50

That 400k looked like a delayed buy, if so someone is serious.

[tb0ne] 19/5/2009 14:06

GOCLOWN, how about you go fishing for a few years and come back then... It will probably take that long! Btw, good luck sitting here watching CBM while WTN prospers - PML!!!

KOOBA, i think you echo everyones thoughts/concerns when you speak about management! That alone sums up the current status of where and why CBM sits where it is...

[kooba] 19/5/2009 13:06

19 bids totalling 565,000...no leaks then!

[bushtuckaman] 19/5/2009 13:01

Interesting orderbook today

[gowtn] 19/5/2009 12:31

WTN will be a world class coal producer end of story and I will be here to watch it happen.

[papillon] 19/5/2009 11:04

The CBM share price is probably rising today in anticipation of it being a good day on the TSE for WTN. Coal shares did well on the NYSE yesterday while TSE was shut. Its better to buy CBM than WTN on the LSE.

[kooba] 19/5/2009 10:58

the volume in canada has been impressive on the rise which would indicate that there is [was] sufficient demand to absorb a fair few cbm pi's dumping and there is a school of thought [on stockhouse] that this is a good deal for wtn so might actually be received well,but agree there will be a fair few like volvo who are looking for that gap to narrow and say good ridance to this situation.
in the meantime because of cbm track record and lack of info a cynical discount to proposed terms signals the markets distrust of a management that has failed to deliver and has left its finances in disarray.if this company was not in merger discussions with a connected party that will imo go through,i would be dumping as they have not informed shareholders how they plan to meet a substantial liability with only days to go....this is not normal!!

[vizz] 19/5/2009 10:28

I believe it's hunky dunky theory that ignores normal market behaviour to assume that IF the merger goes through and IF it's the 0.75 swap proposed, that it will be possible to capture full value by dumping shares and running.

There will be many punters awaiting their supposed prize merger with the same intention who will likely discover that the current CBM/WTN cash cushion will disappear in a flash when trading opens, which could easily panic others not intending to sell to follow suit. Potential buyers would generally then stand aside to watch and wait for the share price to eventually bottom before easing in to long positions, all of which could add up to a sizeable loss for anyone in a hurry to depart.

The real reward of CBM/WTN will come over the medium/long term through positive market conditions that allow the full commercial value of coal reserves to be released.

[volvo] 19/5/2009 08:57

Today that is WTN 73.5p at .75 is 55.125p per CBM share offering 30pc and thats before canada opens.

[volvo] 19/5/2009 08:01

We have disagreed kooba, but that is exactly what happened.

We are where we are and I will take .75 of WTN share and tat ta.

[kooba] 19/5/2009 07:16

think cbm had the strategic review and decided to enhance shareholder value by a monetisation of their wtn stake.wtn had narrowed down bidders in a trade sale talks....sounds like they were looking to sell to me just missed the boat! so i think this idea that strategically this is what they were aiming to do all along building a world class coal miner is rubbish.this situation has been forced on them and does not make huge sense,we are also left with a management predominently cbm who are proven over a period totally unable to build anything.

[tb0ne] 19/5/2009 04:06

PAP, Why? Short term gain at $10 but does that really mean they'll never achieve that (or more)again? It's all cyclical, as you know. A super coal company will generate $$$$ and perhaps a takeover of GCE will also make WTN quite large... Hindsight is a wonderful thing but they always stated 'strategic review' not 'strategic sale'...

[papillon] 18/5/2009 23:35

I bet if they had known how the credit crunch was going to pan out post september 2008, gowtn, they (Audley and Byrne) would have accepted the apparent offer of $10 they received in summer 2008 grand design or not!!

[gowtn] 18/5/2009 22:57

You guys still cant see what they are out to do. Audley and Byrne are out to make WTN a world class producer of coal otherwise they would have sold up last year. Now not sure if the managment will be world class but WTN will be looking at 10 million ton production in the future it may take some time but they will get there. Merging these two companies was always on the cards and is the best result for the future. Would have been nice for us shareholders if they did sell WTN last year but it is not about us we are just sheep following Byrne + Audley

[kooba] 18/5/2009 19:54

of course!!!!

[volvo] 18/5/2009 19:53

pap currently WTN is of course cheap with no debt and plenty of cash. they will pay any debts and take on CLN in particular for peanuts.

[kooba] 18/5/2009 19:49

interesting idea papillon don't disagree on their assets apart from cash position [tax liability situation checked with finance director personally]..but if they default on the convertibles then refinancing might not prove that easy if the bondholders force a liquidation of the assets.they have no choice but to swap paper [as cbm usually do! demerge merge all connected co's everytime] to use wtn cash to sort out their liabilities.it would appear rather late in the day for them to be sorting things out independently...they've had long enough.