Carlton Res. Share Discussion Threads

[volvo] 07/5/2008 11:33

Yes indeed Eastwind.They will of course have 35pc already.

[tamtoni] 07/5/2008 11:20

Sorry - wrong board. Multi-tasking is proving difficult this morning.

[eastwind] 07/5/2008 10:55

When the deal is agreed between CBM and CLN directors, should it be be approved by 75% shareholders other than CBM?

[reghollis] 07/5/2008 10:52

If I was in CBM I would do the same Tony.

[hickling] 07/5/2008 10:42

Have just done a switch CBM to CLN at ration about 4:1.

Surely final terms will be better than this!

Tony

[reghollis] 07/5/2008 10:32

I just had a response from Alwyn Davey who responded within minutes. I asked about whether we would get the operational update any why discussions were dragging on bearing in mind that there were 2 CBMers on CLNs board. Here is the reply:

'The 2 CBM members of the CLN board are not involved in either side of the discussions and it is the independent director and CLN advisor who are discussing things with CBM. I have passed on the operations update request.
I can do no more than that as it is the Independent and CLN advisor who need to take it further.'

[papillon] 07/5/2008 10:31

chrisgb, post 2388, 1 for 5? I hope not mate!! That implies a price of only 37p. It means we are at a premium of 20%!! Even CBM wont be that tight!!

[dannyboy123] 07/5/2008 10:15

Good to see the share price continuing upwards. CBM doing well again also, the trend of us tracking them up should hopefully continue.

[captain kurt] 07/5/2008 10:03

CBM price currently 185p.
3:1 gives CLN price of 61p

Patience... a re-rating is coming our way imo

[tamtoni] 07/5/2008 10:03

Hi All

This post from Phil on the WTN BB.

The bit about coal contracts talks about chinese companies doing deals for met coal at $350/t and offering 3 and 4 year contracts! So the pull back in coal prices may be a lot less than some analysts are going for.

"phil0001 - 7 May'08 - 08:56 - 2307 of 2307


Intraday high of C$6:02 yesterday. Powerful buying.

There's some interesting comment in this interview yesterday, about coal contracts in Canada, it's about 4mins 40 seconds in. BNN TV, business TV in Canada.



Extremely bullish, almost staggeringly so.

P1"

[chrisdgb] 07/5/2008 10:00

its just the uncertainty, it is not irrational if they only offer you 1 for 5...

[papillon] 07/5/2008 09:53

Why is this lagging CBM's percentage rise? Markets can be very irrational.

[captain kurt] 07/5/2008 09:40

UBS still buying

[pictureframe] 07/5/2008 08:02

come this should be moving at least 5% - look at cbm go

[pictureframe] 07/5/2008 07:55

So not only will CBM try to get CLN on the cheap but they will bag a further 23% stake in Energybuild. Surely CLN? fair value for CLN is around £1 per share

[volvo] 07/5/2008 07:38

The Times today


May 7, 2008

As oil prices rise, coal also makes gains


Small capsRobert Lindsay


"Ah," said he in search of energy, "the price of oil is rising, so I shall go in search of coal. That's cheap." Unfortunately, coal was never going to remain cheap in a seller's market; bad news for many, good news for Energybuild Group. Yesterday shares in the owner of two deep mines in South Wales rose ¼p to 27p after it said that average selling prices in the six months to this June were expected to be 53 per cent higher than market expectations. It also said that production this year would be bigger than expected.

Now all things coal get a little complicated. Cambrian Mining, Energybuild's largest shareholder, with 27.5 per cent, rose 22½p to 170½p. It is also benefiting from its holding in Western Canadian Coal (WCC), which soared 51½p to 268½p. It is thought that WCC will become a bid target for a big coalminer or steel producer as Morgan Stanley conducts a strategic review. ArcelorMittal, the steel giant, recently took a big stake in Coal of Africa, up 15p to 166½p, and agreed to buy much of its coal for its steel furnaces. Cambrian, meanwhile, is bidding for Coal International, up 3½p to 43p, which in turn holds 23 per cent of Energybuild.

[reghollis] 07/5/2008 07:35

CK when were those meetings being held this week?

[captain kurt] 07/5/2008 07:34

Morning all...CLN Cheapest way into CBM

[reghollis] 07/5/2008 07:22

good morn to you.

[ppowerscourt] 07/5/2008 07:02

Morning All!

[papillon] 06/5/2008 22:48

Well WTN closed at 4.85 on TSE. WTN should open around 2.90 on AIM tomorrow. CBM up another 15p tomorrow morning? What about CLN? Up 5p in the morning? If it is 5 for 2 sportingbilly then that values CLN at 68p. If thats the case then current CLN share price is trading at a 58% discount. If CBM goes to £2 that values CLN at 80p!! I hope you are right billy.

[sportbilly1976] 06/5/2008 22:10

any chance to put the share price charts of EGB & NNE in the header.....?

Personally I'm hoping for a 5:2 deal.

[volvo] 06/5/2008 21:36

Both EGB and NNE up again.