Altona Energy Share Discussion Threads

[pembury] 09/2/2016 09:59

Well we are waiting for funding news on this major payment so fingers crossed!

[tidy 2] 09/2/2016 09:48

Paid over at the time also. Not easy to buy in qty

[pembury] 09/2/2016 09:37

yes big buy

[tidy 2] 09/2/2016 09:35

2.35m buy order filled delayed.

[tidy 2] 09/2/2016 09:13

Taking off

[pembury] 09/2/2016 09:04

Big cash now on it's way to Altona??

[pembury] 08/2/2016 17:21

$5.4m banked would be very positive development!

[mc7y] 08/2/2016 17:02

I'm not convinced that the MMs can be bothered to play any grand stratagem with this stock at this time. If PIs want to buy the price will go up and vice versa.

[jbennett] 08/2/2016 13:46

A couple of buys including a 500k at full asking price and we're back up to 70-80. MM trying to deter buyers as they remain short of stock?..

[newkid] 04/2/2016 08:33

Just goes to show that CL was using Altona as a personal bank account and travel company. It's about time Directors were only paid in stock based on results. The better the company does the better the share price the more the Directors earn. Simple.

It's how I run my business. If my company makes no money, I make no money.

[liquid millionaire] 04/2/2016 08:05

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


Interim Results


Altona (AIM: ANR) is pleased to announce its unaudited interim results for the six months ended 31 December 2015.


Highlights

· Concluded the renegotiation of the JV Agreement with Sino-Aus and Wintask
· Amended JV Agreement reflects a proposed bankable feasibility study into an Underground Coal Gasification project
· Reduction of 55% in Company overheads, excluding one-off costs, compared to the comparative period
· Wintask completed first tranche contribution into JV Company
· Sino-Aus subscribed for £0.5 million of Altona shares


Qinfu Zhang, Altona's Executive Chairman, commented, "2015 was a very positive year for Altona; in the last 12 months we have re-negotiated and formalised our arrangement with our joint venture partners, significantly reduced Company overheads and also strengthened the Board. In addition, Altona has now received the subscription funds of £0.5 million from Sino-Aus and the JV Company has received the first contribution of AUD$0.6 million from Wintask. In 2016, we will commence operations at the Arckaringa site in South Australia and we believe that Altona is at a new starting point in its development."


For further information, please visit www.altonaenergy.com

[pembury] 04/2/2016 08:01

Good to see overheads have come down a fair bit! News to come on $5.4m!

[newkid] 29/1/2016 15:52

At least Altona is moving again.

[pembury] 29/1/2016 08:07

Suppose first tranche could come anytime then when cash transferred

[pembury] 25/1/2016 11:56

yeah just be realistic that we will have to wait a while now for the main funds to get through before any drilling can start

[liquid millionaire] 25/1/2016 09:50

Agree piefacefrank....time for everyone to get their LEG over!

[piefacefrank] 25/1/2016 09:39

BUY LEG AT A 50% DISCOUNT

[liquid millionaire] 25/1/2016 09:31

Glass half full?

[pembury] 25/1/2016 08:36

not all positive though as main payment still delayed and no date set again

[gravydays] 25/1/2016 08:29

Give it time Pembury. Pumpers and dumpers ain't woken up yet!

[pembury] 25/1/2016 08:22

surprised not more interest only been waiting over one year for funds now coming through! project good to go

[pembury] 25/1/2016 08:05

actually agree as there were ongoing concerns re funding