Altona Energy Share Discussion Threads

[2admiral] 15/12/2014 11:10

Another 1m buy at 1.1p

[pembury] 13/12/2014 15:10

Should get some more JV details next week. I understand there will be a presentation next week also.

[fozdad] 13/12/2014 14:43

Absolutely nothing to do with ANR's project

[pembury] 13/12/2014 14:03

Cheers seismick, nice find!

more details;

[unionhall] 13/12/2014 14:00

No Methanol or synthetic aircraft Fuel ?

[pembury] 12/12/2014 18:25

weird 3m bought at 1.1p and you can buy at 0.96p?
should get more JV news next week.

[risk1] 12/12/2014 17:00

So it doesnt draw attention znd drive price up?

[21trader] 12/12/2014 16:42

Again why would somebody pay 1.1p when it's around 0.95p to buy the same size
it does not make sense ?

[pembury] 12/12/2014 16:34

and another 300k Buy 1.1p.

[pembury] 11/12/2014 11:25

Been a few million bought at 1.1p in recent days

[21trader] 11/12/2014 10:52

Not sure why they paid 1.1p when it's 0.96p to buy size online ?

[21trader] 11/12/2014 10:50

How can somebody sell at 0.9p when the previous trade was a 500k buy at 1.1p

[pembury] 11/12/2014 10:34

and another 500k Buy 1.1p seismick

[pembury] 09/12/2014 11:58

and another 150k 1.1p

[seismick] 08/12/2014 13:55

Someone just bought 900k at full offer 1.1p
Should be JV news this month.

[pembury] 08/12/2014 10:29

AGM coming up, so news before then or at least some details on JV - anyone attending?.

[unionhall] 02/12/2014 09:32

Absolutely.....

Just got to sit back and pray....

[azalea] 02/12/2014 09:25

Another step forward in the right direction.

[soldi] 02/12/2014 08:44

So still time to 'wait and see' then?

[fozdad] 02/12/2014 08:33

A month after the effective date.

The effective date applies when FIRB and government consent have been given and the new shares have been agreed.

So the first tranche of cash should be available to the JV in late January

[soldi] 02/12/2014 08:29

p0pper - perhaps PIs are waiting to see the actual colour of the money....?? When will that happen?

[p0pper] 02/12/2014 08:23

Bloody hell, JV news, nothing, FIRB news, nothing. :(

[liquid millionaire] 02/12/2014 08:21

Altona Energy Plc
("Altona" or "the Company")

FIRB Approval for Joint Venture

Altona (AIM: ANR) is pleased to announce that its recently incorporated Australian joint venture entity, Arckaringa Coal Chemical Joint Venture Co Pty Ltd (the JV Company), has received consent from the Australian Foreign Investment Review Board ("FIRB").

The FIRB's approval of the JV Company is one of the conditions needed to be met ahead of the transfer of the Exploration Licences into the new entity, which is owned by Altona and its two joint venture partners, Sino-Aus Energy Group Limited and Wintask Group Limited. The two remaining conditions are to obtain ministerial consent for the transfer of the Exploration Licences into the JV Company and the approval by Altona shareholders for the issue of new shares at a price of 1p each, at the AGM on 16 December 2014. The Company believes that ministerial consent is expected to be given shortly.

Relations between China and Australia are at an all-time high, with the two governments signing a Free Trade Agreement on 17 November 2014, which will see, among other benefits, the removal of tariffs on all resources and energy products. Coal remains the second largest export from Australia to China, with over AUD9 billion of product exported in 2013.


Michael Zheng, Altona Energy's Executive Chairman, commented:

"We are pleased to have received consent from FIRB, which brings us one step closer to completing the preliminary measures with our JV partners. With the new trade agreement in place between China and Australia we are confident that the Arckaringa project will deliver on its world class potential and provide significant returns for our shareholders in the future."

For further information, please visit www.altonaenergy.com

[p0pper] 02/12/2014 07:12

As the old song states, Just another brick in the wall, good news again, were getting there.