ATH Resources Share Discussion Threads

[spaceparallax] 08/12/2010 14:48

I see that share price have reiterated their BUY stance but with a 96p target.

[spaceparallax] 08/12/2010 14:14

The results clearly haven't set the mkt alight; however, the majority are buys and hence the welcome uptick.

[spaceparallax] 08/12/2010 12:04

Cheers Ginge, a solid and fair summary. Will the herd turn about?

[spaceparallax] 08/12/2010 09:34

I'm satisfied with those results. Whilst it's significantly jam tomorrow, I'd be surprised if we see much of a dip in share price What the Company must avoid now is any repetition of last year's cold weather problems - it's essential that they put in place effective measures.

[loafofbread] 08/12/2010 08:07

Some decent director buying would be in order if they believe.

[loafofbread] 08/12/2010 07:56

At least no mention of problems from this months weather.

All looks pretty dull?

[semper vigilans] 08/12/2010 07:36

On the face of it things don't look too bad.

[spaceparallax] 07/12/2010 14:15

Yes, not massive trading but generally showing optimism.

[loafofbread] 07/12/2010 13:45

A few buys today.

Lets hope they know something rather than a blind punt.

[spaceparallax] 06/12/2010 12:13

I think we can't expect 'good' news, more that despite a tough time things are steadying and in line with the modest forecasts that the Mkt has priced in already. I'm more interested in knowing that our future is solid and that the Management are competent in handling blips etc.. We do seem to have a few waverers as results approach, but hopefully things should be steady by end week.

[loafofbread] 06/12/2010 11:56

About time we had some good news with ATH.

Let's hope Wed isn't the usual rubbish about snow etc.

[spaceparallax] 29/11/2010 13:13

Just over a week to results - looking for positive news, especially assurance over cold-weather production.

[semper vigilans] 25/11/2010 08:19

They made money at the old/current contract prices so should continue so to do - increase in prices will be jam.

[cnx] 24/11/2010 00:57

i think ATH has a lot of contracts at lower prices than currently available.
it would be helpful to know what tonnage comes up for renegotiation in 1,2. and 3 years.

[divinausa1] 23/11/2010 03:16

results in a few weeks surely we cant stay so undervalued much longer....

[divinausa1] 23/11/2010 03:14

Emerging markets demand helps fire up coal
By Javier Blas in London

Published: November 18 2010 19:48 | Last updated: November 18 2010 19:48

Coal might be dirty and out of fashion, but it is in great demand.

The commodity, which is used to fire power stations and as a key ingredient in steelmaking, has seen a renaissance this year as consumption in emerging markets, such as China and India rises sharply.



Caterpillar has bought US-based Bucyrus, a manufacturer of mining equipment

EDITOR'S CHOICE
Walter Energy bids $3.3bn for Western Coal - Nov-18.Vallar pays $3bn in Asia coal deal - Nov-16.Caterpillar changes gear to hit 'sweet spot' - Nov-16.China to continue mining spree with Caledon deal - Nov-08.Adani buys Linc coal assets for $2.72bn - Aug-03..The rebound in demand, which has surprised the industry, has pushed up prices to a two-year high, triggering a wave of merger and acquisitions activity.

This week alone, the sector has seen $15bn in deals. Besides US-based Walter Energy's $3.3bn bid for Western Coal of Canada, Vallar, the UK-based cash shell founded by financier Nat Rothschild, said earlier this week that it was paying $3bn for stakes in two large coal miners in Indonesia.

Meanwhile, Caterpillar spent $8.6bn buying US-based Bucyrus, a manufacturer of mining equipment, which makes the gigantic excavators used in opencast coal mines. Ed Rapp, Caterpillar's chief financial officer, said the coal industry was one of the principal growth markets the company was targeting.

Commodities bankers believe the dealmaking trend will continue in the near term. The prices offered by Walter and Vallar underscores the rising value of coal assets. Bankers believe that other companies in the sector will be tempted to cash in.

The board of Massey Energy of the US is consider whether to put the company up for sale, even as it eyes acquisitions of its own.

Meanwhile, privately held Drummond, based in Alabama, is looking at a sale of its thermal coal assets in Colombia, which could fetch between $6bn and $8bn.

Despite the uptick in activity, resource-hungry Asian companies have been largely absent from the coal market recently.

"I'm surprised that China has not had a greater presence in the latest round of M&A in coal, or at least not been financing more of the expansions," says Melinda Moore, commodities analysts at Credit Suisse in London.

Asia is particularly short of coking coal, used to manufacture steel. Spot coking coal prices have surged recently to about $225 a tonne, more than double the price of $85 paid in annual contracts two years ago, according to traders estimates. However, prices remain below spot quotes highs of more than $375 a tonne reached in mid-2008.

Mining companies are scouring the world for new deposits to supplement existing production in Australia and the US. But new coking coal sources are elusive, and the latest findings are in more difficult areas, including Mozambique and Mongolia.

Thermal coal, used to fire power stations, is more abundant.

Even so, China's shift to become a net importer has pushed the cost of coal in the Australian port of Newcastle to a 2-year high of $115 a tonne, up 65 per cent from the lows of early 2009.

Beijing's switch to imports comes on the back of a clampdown on illegal mining, which forced the closure of hundreds of small mines in Shanxi province, the key producing area, and booming demand for electricity.

Analysts estimate that the country will import, on a net basis, more than 100m tonnes of thermal coal this year, compared with net exports of up to 80m tonnes in 2005.

China could overtake Japan as the world's coal importer as soon as next year.

Amid strong supply and demand fundamentals, traders and mining executives believe that the annual contracts for the 2011-2012 fiscal year, which starts in April and whose negotiations are about to start, are likely to be settled at the second highest-ever level, only below the $125 a tonne of 2008-2009.

The trend of rising prices bodes well for the world's top producers: PT Bumiof Indonesia and London-listed Xstrata in thermal coal and the alliance between BHP Billiton and Japanese trading house Mitsubishi Corporation in coking coal.
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[spaceparallax] 16/11/2010 15:20

A welcome bounce on a tough day for the mkts.

[cnx] 16/11/2010 01:11

space

thanks
yes we need to be patient while waiting for good news on 8 december

[spaceparallax] 15/11/2010 15:21

I don't think there's an easy answer on the escape from rut - all the Management can do is soldier on making sound decisions and avoiding the need to visit the mkt for funds until the share price recovers. In theory, the last results set should prove to be a blip that isn't repeated - in that eventuality, the shares should offer sufficient potential yield and attractive PER that they become too good to ignore.

This is definitely one for those patient enough to sit tight and await the rewards - not a get rich quick opportunity and fortunately we don't seem to attract pump and dump posters.

[cnx] 15/11/2010 14:24

space

i'm long term here and near my maximumum for an aim sha
i do like the dividend potential


two quetions
how do you see the share price getting out of its rut?

how do you rate the directors performance?
i find the trading information shallow.

[spaceparallax] 12/11/2010 16:25

Well, if it does fall through support, I for one will be looking to top-up.

[spaceparallax] 11/11/2010 13:54

Interesting to see whether the C60p support holds firm

[spaceparallax] 10/11/2010 13:00

a little retracement is inevitable

[spaceparallax] 08/11/2010 11:34

Something to look towards in a month's time.