Altona Energy Share Discussion Threads

[fozdad] 26/9/2014 14:14

Looks like a few are taking little nibbles at last prior to expected news

[fozdad] 25/9/2014 13:13

I would certainly hope that there will be significantly more pragmatism in the contractor selection this time around!

If memory serves me well, didn't they have a preferred contractor at one time before CNOOC stopped everything?

[tarni] 25/9/2014 12:07

fozdad 18 Sep'14 - 20:35 - 16894 of 16911

You are right they are going through a bidding process but I was meaning not to level CNOOC went too . CNOOC pre qualifying selection process etc was tedious and unnecessary. Altona and Parsons would undoubtedly know which drilling companies are capable of undertaking such a program already. Altona asking Parsons to identify suitable contractors is just a documentation formality. Parsons will have a database of companies for every type a exploration, building, construction work to hand.

What’s the problem with the spread. Normal 10-15% spread. Currently 65 - 72.5

[newkid] 25/9/2014 09:59

Spread is always wide on Aim.

[p0pper] 24/9/2014 17:08

Good old mm's trick with a massive spread, they also know that news is due.

[newkid] 24/9/2014 09:03

Shavian. Unless Altona were going to ship raw coal it would not effect anything here.

[shavian] 24/9/2014 07:22

It's all about this:



China is under pressure to reduce pollution and is seeking cleaner energy sources than dirty coal. ANR has to be part of the solution rather than part of the problem.

[wiganer] 23/9/2014 07:59

Or what the news will be

[cheekyfella] 23/9/2014 07:57

zulu - profile created June 2014 - tells you all you need to know

fact is, news IS just around the corner - but none of us can see the corner yet :-)

[newkid] 22/9/2014 17:10

I think we can rest assured that news will come at some point. With the volumes at these levels wouldn't expect it to be soon.

[p0pper] 22/9/2014 16:03

zulu, mine was said in a tongue in cheek, sarcastic note, hence the :)

[anotherardbeg] 22/9/2014 15:15

Seems reasonable

[pembury] 22/9/2014 14:01

reasonable given the significance of the deal - i know i'll be buying more if they come up with a goodun?

[zulu88] 22/9/2014 14:00

popper - info. available if you want to seek it out.

whippet - dead duck is a very tasty dish, especially in China ;-)

Expect this to pop back to 1.5p on RNS of agreement, followed by steady rise to 3p + as the drilling is carried out.

GLA

[whippet1] 22/9/2014 13:26

this is a dead duck and we all know it

[p0pper] 22/9/2014 12:52

wow, Zulu is that inside info ?? or is that already known?? :)

[zulu88] 22/9/2014 12:13

"shareholders can expect news soon"

GLA

[fozdad] 19/9/2014 23:30

Nice one NK, but if/when we announce the JV, I'm hoping for a rather more significant jump in percentage terms

[newkid] 19/9/2014 17:02

Put a buy order in for Alibaba shares at 70 dollars via a CFD. 2 dollars above issue price. Currently 98 dollars pre trading. Now if only this share could do an Alibaba.

[fozdad] 18/9/2014 20:35

According to the RNS in March when ANR took over control of the project again, a bidding process is exactly what they are doing,

That said, they must have selected a contractor by now, just need the funding (is that all???)

[tarni] 18/9/2014 17:31

NewKid

CL said he could have contractors on site and drilling within a month, when referring to CNOOC lack of decision making last year, and remember they need to give land owners notice of 21 days, so you can decide whether CL has a contractor lined up, even as far back as last year. So I would say he is probably already ahead of you on that one. I would very surprised if they went through a tender/bidding process as that was more a CNOOC requirement at the time.

[fozdad] 18/9/2014 10:09

NK, couldn't agree more

[newkid] 18/9/2014 09:37

Tarni.

Whilst talks are ongoing between Altona and co could we not line up a drilling contractor to commence drilling as soon as the paperwork/approvals from the relevant authorities are received? An RNS to that effect would most certainly support the share price It would demonstrate a commitment to the project by all concerned if nothing else. It shouldn't be a big decision. After all, CNOOC had spent 5 years short listing 3 companies we were led to believe.