Share Name Share Symbol Market Type Share ISIN Share Description
Altona Energy Plc NEX:ANR NEX Ordinary Share GB00BFZNKV91
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.00 -
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- 0 GBX

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Date Time Title Posts
17/9/202010:16Altona - 10 million barrels per year : "a highly exciting project"19,150
21/11/201909:05New PELA-
14/11/201413:54TipTV: Altona - Sharp Break of 200 day MA-
20/2/201211:2610 M BPY-

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Altona Energy (ANR) Top Chat Posts

ctaylorw1: Taken from a post on lse: The share price is now at an all time low under Nick Lyth. As you know, a number of long- term shareholders have been in touch with Mr Zhang to ask what his plans are for Altona for 2019, and why shareholders should vote against the resolutions to remove him and Mr Ma Chi from the Board. Here are his reasons to remain as a director: " 1. Altona's most valuable resource is the coal resource in Australia. Nick Lyth was trying to find a mining expert to explore around the edge of the three tenements, with shallow buried coal seams. The plan was not supported by Wintask and Sino- Aus, who are still focused on UCG technology and coal-chemical production which is very popular in China. Sino -Aus is still very supportive of UCG and is prepared to invest the $Aus 35m which it set aside in 2015 for the project. 2. Currently, we have good news, which is that Leigh Creek Energy has done UCG successfully at their site close to Arkaringa, and the production of the first syngas occurred on the 10th October 2018. It means UCG is developing under the support of the South Australia Government. Mr Zheng, from Leigh Creek Energy, has invited me to visit their demonstration on site. 3. We have to wait for the opportunity and make a breakthrough in our coal resource in Australia, because under the support of the South Australia Government, Leigh Creek Energy has completed the preliminary work of UCG, and soon they are going to the stage of commercial production. We have 7.8 bn tonnes of coal, which is suitable for the development of UCG, and if we focus our efforts on the UCG project, we may get incalculable benefits. We will enter into discussions with Tri Star Energy who hold the PELA which we require. 4. I have also made a proposal to the Board before about investing in a vanadium mine with Altona. There is a very big vanadium mine in China with very good quality of ores. Currently, the price of vanadium pentoxide is 460,000 RMB per tonne. I'm not familiar with the international price but I think it will be more than this price. I suggested the Board include this project into Altona, and I also sent documents and information to the Board. However, they did not recognise it. 5. I get the feeling that they wanted to be involved in the plastic to power ( pyrolysis) generation project. I do not recognise this project because many poisonous gases are released when processing waste plastics, including dioxin which is a big headache of environment protection organisations all over the world. 6. Both this and the new Leinad are involved with John Zorbas's company in Canada, and Leon Hogan and I do not think they are acting in the best interests of shareholders, but for themselves. I am trying to prevent this continuing."
cpap man: The Inconvenient Truth Of Rising Coal Prices Coal prices are not supposed to be rising as governments tighten environmental controls, but that's precisely what is happening at the premium end of the coal market where prices have soared. Over the past six months, the price of top quality thermal coal exported from the Australian port of Newcastle has risen by 25% to $115 a ton, a move reflected in the share prices of Australian coal exporters, such as Whitehaven Coal, which is up 27% over the same time, and Stanmore Coal, which is up 16%. The increase is more dramatic when looking back two years to a time when premium thermal coal exported from Newcastle was selling for $50/t, less than half its current price. Whitehaven's share price is even more impressive over a two year time frame; up 140%. Interestingly, the price of lower quality coal has not risen over the past 12-months, stuck at around $65/t. The net effect of recent events in the coal market is to create a wide gap between the best quality coal, which is also the least polluting, with lower-quality coals that are cheaper but more environmentally damaging. Flight To Quality What could be happening is part of a change being seen across the world's mining industry, where there is a flight to quality as environmental regulations tighten around gas emissions and the disposal of waste generated in manufacturing processes. As a general rule, high-quality raw materials create less pollution. But there might be another factor at work in the coal market, which is potentially more significant; declining supplies of premium coal as exploration for the fuel slows and government mining approvals become harder to get. China has been a key player in the high-quality drift, which can also be seen in the market for iron ore, where limited supplies of top quality material fetch up to $90/t, whereas the benchmark price is closer to $70 a ton, and low-grade ore has dropped to $40 a ton. Coal has always had two primary markets, material classified as coking, which finds its way into steel-making, and energy (or thermal) coal used to generate electricity. Steel-making coal has not featured in the latest price moves, which is all about demand for electricity in Asia. Shortage Developing The price difference between high quality and low quality coal has become so wide that investment banks, such as Morgan Stanley, have noted the potential for a shortage in premium material as well as environmental factors being behind the difference. In a recent research report, Morgan Stanley said the widening of the price gap from a 22% difference between low-grade and high-grade coal two years ago to a 90% gap earlier this year. "One could argue this to be similar to the flight-to-quality seen in iron ore, the rise in price is comparable, but unlike iron ore, we believe the spiking energy differential is not just a China demand story but about weak supply of premium coal," Morgan Stanley said. Over the next year, the price gap is expected to narrow as producers of high-quality coal in countries, such as Colombia and Russia, are attracted to the high prices on offer in Asia. In the longer term, however, the drive for reduced pollution from coal burning could turn out to be a factor in coal prices staying high because tough environmental protection laws in a number of countries are limiting the development of new coal mines. In other words, demand for coal remains high and is growing in some countries, but supply is struggling to keep up. In effect, efforts to limit coal production has become a significant factor in lifting the coal price for companies already producing. That certainly appears to be the case in Australia, one of the biggest exporters of high-quality coal and home to some of the toughest rules governing mine development. Not only is the situation an example of flight to quality, it could also be an example of unintended consequences. I studied geology in the 1960s and worked for a small mining company before getting a start in journalism during the 1969 nickel boom. Since then I've covered repeated booms and busts in the commodities sector for a passing parade of newspapers, magazines and website. I am a... MORE Tim Treadgold has been writing about the mining and oil industries for more than 40 years
nick rubens: 1 for 1000 consolidation would be a share price of 200p from .2p. Makes no difference from a mkt cap point of view, the company still needs to create some shareholder value rather than drain it.
mc7y: the share price movement today looks like a kid trying out his new Etch-a Sketch!
cheekyfella: Must admit - I really like this RNS. As you say Pembury, the bigger picture is indeed very compelling. In fact the Pyrolysis aspect of Altona could actually be a bigger game-changer for the share price in the mid-term than the Arckaringa coal deposit.
tcrober1: unionhall, Very interesting, have to admit I was not aware of this strategy change. De-risk,de-risk,de-risk and sell to the big-boys. Will Sino Aus stay on board is the next big question as funding is paramount.. All sounds very hopeful, but share price dropped after todays rns?? that's aim for you!
pwilk47490: cpap, My take is that presently we are valued at £8m (assuming above details are correct!). After a series of reports and plans which obviously the AUS government must agree to, then the Chinese investors will confirm their £30m again which has been temporarily withdrawn during all this uncertainty. Share price goes up to reflect this? Then we test drill. Prove the resource. Finally get some income from it all. (Opencast Coal mining isn't really that complicated!) Share price goes up again? We then get bought/sell out or we raise more money somehow to continue drilling. Then it's a case of Dig, Income, Raise money, repeat (apropo Eat, sleep, rave, repeat Fatboy Slim tune!!) Finally getting excited about this...... And get into profit hopefully!
pembury: RNS out Options only exercisable if the share price breaches 2.5p. Fully funded for the next year, oversubscribed placing. Director's buying in the placing. Something going on behind the scenes and all should be revealed soon regarding strategy. Makes a change to see director's taking options at high premiums instead of salary increases! good incentive. Coal prices rocketing to nearly $100 should help.
zulu88: o/t yes, excellent RNS from SMA, where we have a small holding. ANR RNS (funding for drilling) has the potential to have similar impact on ANR share price. It seems that quite a few companies in this sector - AYM, KLG, SMA are getting 300% / day share price rises on the back of positive RNSs. ANR certainly has the potential to do the same on release of RNS and rise to 5p in the short term and 30p+ long term.
zulu88: ryan83 - LGO shareholders are taking their profits and re-investing in ANR. Expect ANR will re-rate from 1p to 5p on expected newsflow. Longer term, the ANR share price could easily reach 30p with the resources they have.
Altona Energy share price data is direct from the London Stock Exchange
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