Altona Energy Share Discussion Threads

[2admiral] 23/5/2018 10:23

Will the Altona's Chinese partners make that $30m available for new ventures that Nick alluded to in the press release?.

[seismick] 22/5/2018 15:18

Be good to see this back near a penny where it was a few months back. Not sure why it fell back when we heard of the reduced drilling costs and feasibility costs I was well chuffed as no raising needed and funding values banked in Australia ready to go!!!. sm

[pembury] 22/5/2018 14:30

still below the oversubscribed placing at 0.5p!. Funded for drilling and to BFS so no dilution needed now is the big news. Some big buying going on.


Perhaps Nick can use the 30m cash in other areas that they don't now need for the thermal coal development?.


0.4-0.5p

[melodrama] 22/5/2018 14:13

Excuse the pun but something's cooking here, tree shakes and up she goes two days in a row now

[barneygumble27] 21/5/2018 17:19

Director's participation in the PlacingNick Lyth and Philip Sutherland, who are both directors of the Company, are participating in the Placing subscribing for 4,000,000 and 2,000,000 ordinary shares respectively.

[pembury] 21/5/2018 14:03

Yes as I said the 0.5p placing was oversubscribed. It's in the RNS.
0.39p paid which is still well below it.

[2admiral] 21/5/2018 13:47

Did the Directors take part in the 0.5P placing??

[pembury] 21/5/2018 13:36

Yeah 0.37p buys now and plenty of them.
This company should be worth a few quid with 100m tonnes of thermal, drilling funded.

[seismick] 21/5/2018 13:27

Loads of buys going through?
Any limits?

Paying over full ask now 0.35p

sm

[pembury] 21/5/2018 12:11

Yep, none the less they are advancing, cash now banked for drilling/ operational. Surprised fallen so far back from a recent oversubscribed 0.5p placing.

Hope you are following Altona on twitter!

[unionhall] 18/5/2018 09:35

Yes - nothing to see here for another quarter...

[p0pper] 18/5/2018 07:30

More jam "tomorrow" then, no guarantee of the licences even yet.

[unionhall] 17/5/2018 14:15

You know what they say ...." a lump in the fire is worth 76 underwater "....

[newkid] 17/5/2018 14:00

pembury. Long way off 7.6 billion tonnes.

[pembury] 12/5/2018 07:09

If drilling proves it up and prices remain strong then yes!
Aim is 100m plus tonnes of commercial thermal coal.
Funding is now sorted for forthcoming drilling programmes.

[azalea] 12/5/2018 05:19

I have long assumed that Altona's coal resource was only steam coal. Given the presence and value of thermal coal, the value of ANR coal assets must be considerably.

[seismick] 11/5/2018 13:20

Yeah been following the twitter feed, expect updates imminently?.sm

[pembury] 11/5/2018 13:09

Expecting key news as they put it in the last rns 'soon'. The money/ funding has now been banked for next operations so things should get going now!

[pembury] 09/5/2018 14:34

Yep Altona twitter on the go

[pembury] 09/5/2018 11:55

thermal coal is the target for Altona with drilling due to start shortly I guess once permits completed.

[cpap man] 09/5/2018 11:50

Indian Railways carries over 50 million mt of coal in April, up 18% on year #thermalcoal #metcoal

hxxp://plts.co/4T5A30jT1GY

[cpap man] 09/5/2018 11:46

Glencore completes acquisition of 49% stake in Yancoal's Australia thermal coal mine
Sydney (Platts)--7 May 2018 228 am EDT/628 GMT



Anglo-Swiss multinational Glencore said Friday that it completed the acquisition of 49% interest in Yancoal's Hunter Valley Operations thermal coal mine in New South Wales, Australia.

China's Yancoal holds a 51% stake in the joint venture.

"We look forward to a successful partnership with Yancoal at the HVO JV and expect it will bring significant benefits for both companies and their shareholders," Glencore's Australian coal business COO Ian Cribb said.

To establish the joint venture, Glencore -- following Yancoal's acquisition of Coal & Allied from Rio Tinto -- acquired a 16.6% interest in the HVO from Yancoal for approximately $429 million and a 32.4% interest directly from Mitsubishi Development.

Yancoal's chairman Xiyong Li said the move "signals a new future of co-operation and success for two of Australia's largest coal producers."

The venture will be jointly controlled by Yancoal and Glencore, and managed by an independent management team appointed through a committee.

"The combined experience and efficiencies of both companies will enable Yancoal and our shareholders to benefit from operational synergies and continued production performance," Yancoal CEO Reinhold Schmidt said.

In the January-March quarter, the Hunter Valley Operations mine produced a total of 2.89 million mt, according to Yancoal's quarterly report. In 2015, the mine produced more than 13 million mt of thermal coal and semi-soft coking coal. The coal is transported to the Port Waratah Coal Terminal at the Port of Newcastle, from where it is shipped to international customers.

--Nathan Richardson, [e-mail]

--Edited by Pankti Mehta, [e-mail]

[davethechef] 25/4/2018 11:41

Except for the 700k!