Petmin Share Discussion Threads

[hosede] 29/8/2008 10:57

rhps said "sell" a week or so ago since when it's gone up nearly 20% - glad I had more patience than Tom!

[acamas] 29/8/2008 10:33

Strange! The share price is going up but the spread is very wide, almost as if the Market is reluctant to trade this one. Has anyone a different view?

[bushtuckaman] 18/8/2008 16:21

I'm just waiting for this deal to be struck vino. When it comes hopefully it will be good considering how long its taken to hammer out. The coal story still seems good.

[vino] 18/8/2008 15:53

Come on someone - has anybody got any views on the increase and will it be sustainable

[lobby ludd] 15/8/2008 14:53

Cautionary announcement renewed AGAIN yesterday.
Also ticked up yesterday, and today.

[lobby ludd] 13/8/2008 15:46

Expect to see this trickle upwards, ahead of finals, which last year were on September 18.

[acamas] 18/7/2008 07:57

Morning all.

I read items like the one below and am then puzzelled why our share price is slipping. Our coal resources should be pushing the share price upwards?

[bushtuckaman] 04/7/2008 10:54

RNS Number : 3299Y
Petmin Limited
04 July 2008


4th July 2008


Petmin Limited
("Petmin" or "the Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement dated 23 May 2008 shareholders are advised that
negotiations are still in progress which, if
successfully concluded may have a material effect on the price of Petmin's securities.

Accordingly, shareholders are advised to continue exercising caution when dealing in the
company's securities until a further
announcement is made.

[lobby ludd] 03/7/2008 11:14

'COAL PRICES PLUNGE AS TRADERS TAKE PROFITS' (Daily Telegraph, B4, today)

'Richards Bay coal prices in S.Africa peaked at just over $180 a tonne earlier this week but bids fell back to nearer $150 yesterday'

Explains today's drop - but coal prices still 150% above May levels.

[acamas] 17/6/2008 16:19

lobby ludd,

Clacton is great at this time of the year. Sea breezes, sunshine and superb gardens. Mind you if i was up your neck of the woods I would be watching The Cricket during the summer

I hope you are spot on with PET come September

[lobby ludd] 17/6/2008 15:52

The opposite today ! (at least at mo) - level in London, down on JSE. I don't expect much movement here until the full-year results in September, which will depend primarily imo on 1)coal prices and 2)coal output. The former have reached record high levels, both for the S.African home and export markets, and if they have ramped up coal production at the new mine as forecast, they should be minting cash, as they were in the interim results.
ps. Oh to be in Clacton, now that summer's here !

[acamas] 16/6/2008 14:43

lobby ludd,

I was stumped the other day when on AIM we were down around 4p and yet on the JSE the share price did not move at all. So I thought sneaky tree shake in London. But why?

[lobby ludd] 16/6/2008 13:54

9% rise in Joburg on Friday - but JSE closed today - so we'll have to wait until tomorrow to see if the rally continues.

[mikkydhu] 12/6/2008 20:15

vino, I expect drop is due to profit taking. These shares have risen quite a lot in medium time span.

If you look at the chart, I would say we're at the bottom of a rising channel. Next move could be up. The fall has not been on high volume.

[vino] 12/6/2008 20:06

Interesting notes but can anybody explain the drop

[bushtuckaman] 12/6/2008 15:06

RECORD COAL PRICES
Coal trades reach new heights on globalCOAL
Physical coal set new record highs on electronic trading platform globalCOAL with two trades for Q4 loading S. African cargoes taking place for $150.00 and $152.00 a tonne on Thursday.

Posted: Thursday , 12 Jun 2008

- Physical coal set new record high prices on Thursday on electronic trading platform globalCOAL.

Two trades for Q4 loading South African cargoes took place at $150.00 and $152.00 a tonne FOB Richards Bay for a 35,000 tonne parcel a month and a 75,000 tonne panamax a month.

The previous record price for a forward trade was on Wednesday at $145.00 a tonne FOB for a November cargo.

There is a strong contango in the FOB and delivered DES ARA markets, traders and utilities said. Most of the physical and swaps buying recently has been for forward months.

A fresh record was also set for a Q1 2009 trade for a 50,000 tonne parcel a month of multi-origin coal at $182.50 a tonne DES ARA. The previous record was also set earlier this week at $177.00 for September but the forward market had been offered up to $186.00 a tonne on Wednesday and bid at over $180.00 without trading.

[acamas] 24/5/2008 08:28

Having re-read the RNS I find this part interesting:-


6. Petmin, currently the largest producer of anthracite and silica in South Africa, will
be granted an irrevocable first right of
refusal to supply, from its production facilities, all anthracite and all silica that may be
required by the Veremo Project for a period of
five years from first production on terms at least as favorable as those which Veremo is able
to obtain from other suppliers.

A ready market for 5 years for other parts of our business. Keeping it in The Family so to speak

[mikkydhu] 23/5/2008 22:31

Hi one and all,

I've recently bought some of these. It appears that Bradley Doig is a smart deal maker. Petmin pay R49 million for their 25% share of Veremo and, after paying nothing for mine construction, will earn R65 million in cash dividends each year for 3 years, or more if 25% of Veremo's post tax profits exceed that sum.

Bradley said, "we bought our assets at good prices-you know, make your money when you buy."

Let's hope he can repeat this sort of thing.

[bushtuckaman] 23/5/2008 12:50

'6. RENEWAL OF CAUTIONARY

Further to the cautionary announcement dated 23 April 2008, shareholders are advised that
negotiations are still in progress which, if
successfully concluded, may have a material effect on the price of Petmin's securities.'

[acamas] 23/5/2008 12:28

Hi Folks,

So the news is out we own 25% of Veremo

However they still appear to be looking for further acquisitions another cautionary disclaimer in with this RNS. Or have I misread the message?

[lobby ludd] 22/5/2008 13:48

'The Stock Market is a wonderful mechanism for transfering wealth from the IMPATIENT to the PATIENT' - Warren Buffet

[acamas] 22/5/2008 12:00

Short term it certainly looks a poor trade but the race is not always won by the swiftest. Tortoise and the Hare

[matrixtrader] 22/5/2008 11:54

That chap is now regretting it lol!! :-(