Altona Energy Share Discussion Threads

[newkid] 02/2/2018 13:18

Seems a lot of money to get to BFS IMO especially if they are looking to engage a more localised smaller consulting company.

[mcpaulas] 02/2/2018 12:24

How very strange is this reaction to good news.Managed to fill my boots when it dropped to minus 10% this morning and at below mid price.

[pembury] 02/2/2018 10:52

long way to go but to have the $33m cash behind the company is key to this project.

[pembury] 02/2/2018 10:18

amazed at the share price reaction

[gravydays] 02/2/2018 07:40

A bit more like it. Some serious short term funding (in Altona terms!)will do us no harm.

[pembury] 02/2/2018 07:34

Proper rns that!

[p0pper] 01/2/2018 11:32

Nothing in the RNS except, yet again, jam tomorrow, maybe. Poor RNS

[pembury] 01/2/2018 11:16

rns
Market doesn't buy it yet then

[pembury] 15/1/2018 11:34

Cheers seismick, interesting

[seismick] 15/1/2018 10:00

Hi cupra
Read sunlitlands posts on lse. AGM numbers were forecasted at $44 per tonne (net) so you are well off there mate. Obviously a very attractive production figure.
Hope this helps.

[pembury] 15/1/2018 09:40

Might want to listen the recent ceo interview on website

[cupra] 15/1/2018 09:28

I thought that, but i believe that coal in the ground is heavily discounted as in actual only valued at a couple of dollars per tonne.

[pembury] 15/1/2018 09:13

Who knows but ANR are sat on one of the biggest coal resources going.
Resource exceeding 7.8 billion tonnes (1.3bn JORC), so even at a conservative 100m tonnes with a coal price now around $100 p/t the numbers are huge. CNOOC (mkt cap $72bn) were previously in before the financial markets tanked along with the coal price so shows the scale of the potential. A $100 c/p is huge for this project.

[cupra] 15/1/2018 09:01

Does anyone now how these situations are valued? What would the asset be worth to someone acquiring it?

[seismick] 11/1/2018 08:12

Well it was positive news but this is down 25%,,,,,go figure???.
Worst case 100m tonnes, $100m coal price, someone will have it large.

[pembury] 11/1/2018 07:37

yes encouraging pwik
further news to come following ceo/ board visits to HK and Australia from today.

[pwilk47490] 11/1/2018 07:00

I wasn't selling.

I didn't find anything wrong with the RNS given where we are in the phase of (this multi-directional!) project.

In fact shouldn't we be relieved the water table better positioned than it could have been? And the Coal is nearer the surface than originally expected?

Have I missed something??!?!?

[pembury] 10/1/2018 16:18

-12.7% on a decent RNS, couldn't make it up

[pembury] 10/1/2018 11:18

Prove it up and sell to one of the big boys. CNOOC (China)were in once before the world collapsed back in 2008 so shows the asset potential.
$100 coal prices will help.
I suppose it is feasible a bid could come in the next few phases, another stage proved up with this news.

[azalea] 10/1/2018 11:15

It was previously stated that this report would provide the basis for others to make an offer for ANR in order to develop and mine the project.

[tcrober1] 10/1/2018 11:14

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!

[tcrober1] 10/1/2018 10:39

unionhall
Cheers for that, will take a look.