Cleantech Share Discussion Threads

[kooba] 30/5/2009 07:23

was out and about yesterday so missed some of the action but put some staggered offers in the morning and sold about a quarter of my holding at just over 60p average.for what its worth have been picking up quite a few axm,discount to cash,very interesting leaching technology for the mining industry and some free south american mining assets thrown in,don't know about when story will pan out but looks value to me.take a look but obviously dyor.good weekend come on the lions.

[loafingchard] 29/5/2009 22:44

Cheers Gowtn

It closed over the 200 day SMA , lets hope it can hold this level perhaps find some support to spring off of . Good luck all

Edit : Good luck pbracken and well done on your profit . Thank you for your valuable contribution to the thread , hope you stick around .

[phil0001] 29/5/2009 17:24

So pb, you were one of the other people buying around 12p then. I'm still holding mine from that level. Good luck anyway, I'm sure there's a good chance we'll see you again.

P1

[pbracken] 29/5/2009 16:52

Candy from, er, MM babies springs to mind.

Out of CBM for now. Maybe that's a mistake. But the rise from 15p (my average LT holding on six figures) became too teasing to overlook. I wish this company well. I really, really do. Bon voyage mes copins....

[pbracken] 29/5/2009 15:56

Well, this weekend's champagne BBQ's looking a tad less frightening...

[waggle] 29/5/2009 15:45

ig currently showing today's price, bid 59.84 offer 61.40

[steeplejack] 29/5/2009 09:43

Sound observation pbraken albeit that i could never use the word "safe" in a sentence containing a reference to Cambrian....:)

[steeplejack] 29/5/2009 09:42

Sound observation pbraken albeit that i could never use the word "safe" in the same sentence as a reference to Cambrian....:)

[pbracken] 29/5/2009 09:30

It is the obvious route into WTN. The discount will narrow as d-day approaches, but because the offer is scrip not cash CBM's share price will fluctuate with changes in Western's share price. That said, at these levels (with the comfort of the discount) CBM is pretty much a safe bet.

[lizzie ii] 29/5/2009 09:23

Any particular reason why the share price of CBM is noticeably less than 75% of the share price of WTN?

Surely, given the imminent merger, buying CBM is a cheap way into WTN.

[crawford] 29/5/2009 08:33

Good rise in WTN/CBM over night

[steeplejack] 29/5/2009 08:08

"that was well received by investors"....a somewhat presumptuous statement i think.
Thereagain, the market appears to be giving his resignation a hearty round of applause this morning.

[gowtn] 29/5/2009 00:53

Goodbye Burridge Goodbye

Burridge is toast here is the official news:






RNS Number : 9490S
Cambrian Mining PLC
28 May 2009




AIM: CBM

Cambrian Mining Plc




Resignation of Chief Executive




London, 28 May 2009: The Directors of Cambrian Mining Plc ('Cambrian' or 'the Company' or 'the Group') announce the planned resignation of Mr Mark Burridge, Chief Executive and Director. This will become effective on, or earlier if otherwise agreed, the 17 July 2009, shortly after the anticipated date for the closing of the proposed merger with Western Canadian Coal Corp. ('Western').




During this period, Mark Burridge will work closely with John Byrne, Executive Chairman of
Cambrian and Chairman of Western to ensure a smooth transition.




Regarding this development, John Byrne stated that 'Mark has made an invaluable contribution to Cambrian over the past two years as CEO. He has led a fundamental change in structure and management, that was well received by investors and left the company better prepared for the economic downturn. While we are sorry to see Mark leave, the launch of the Western Canadian merger marks an appropriate time for this decision as the company moves forward in a new direction.'




Commenting on his departure, Mark Burridge said: 'I have every confidence that the merger with Western Canadian Coal will be completed, creating a significant player on the global coal stage and completing the strategic change programme that I embarked upon over a year ago. During my time at Cambrian I have had the privilege of working with a number of great people and I am confident that this team will continue to serve shareholders' interests as they work to build an exciting new company.'

[lefrene] 28/5/2009 23:07

Baltic Dry Index and particularly cape size ship spot prices moving swiftly higher. Lumpy commodities are being moved again, perhaps the Lehmans log jam is finally unwinding and bulk goods are moving again. Might just have a knock on effect to many base commodities including coal.

[vizz] 28/5/2009 22:48

What bounces up though can easily fall back the same amount or more, especially on a Fri over the pond after a positive run in the broader market with us as onlookers.

[kooba] 28/5/2009 21:16

big move in canada for wtn.

Last $ 1.58 Open $ 1.39

Change +0.18 High $ 1.52

% Change +12.86 Low $1.39

Today's Volume 4,349,884

in sterling 88.9p x .75 = 66.67 apply the cbm discount and we should be 58-60p in the morning.

[gconvery] 28/5/2009 17:04

Hmm, nice finish. No-one else on here???

[kooba] 28/5/2009 07:52

wtn
Last $ 1.40 Open $ 1.40

Change +0.02 High $ 1.42

% Change +1.45 Low $1.35

Today's Volume 2,387,705

converts to 78.2p offer 58.67p

[kooba] 27/5/2009 16:36

nope,confirms wtn repaid cbm $c5m and then lent cbm $u32m.

[dennis russell] 27/5/2009 15:44

yesterday's WTN statement seems to include confirmation that CBM paid back its debt of $32M - proves that CBM is making money?

[kooba] 27/5/2009 07:39

Today's Trading (As of 5/26/2009 4:10:00 PM EST)

Last $ 1.38 Open $ 1.30

Change +0.07 High $ 1.42

% Change +5.34 Low $1.29

Today's Volume 2,247,595

3 Month Average Volume 2,597,569

converts to 77.5p equalling 58p on offer terms.

[kooba] 26/5/2009 07:12

Western Canadian Coal Provides Q4-2009 Operations Update
Announces Q4-2009 Earnings Release Date


Vancouver, B.C. May 26, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and
WTN.DB and AIM: WTN) ("Company") announces an update on production and shipments
for the fourth quarter ending March 31, 2009 and the expected release date of
the Company's fourth quarter fiscal 2009 financial results
Fourth Quarter Fiscal 2009 Operations Update
For the fourth quarter fiscal 2009, the Company had shipments of approximately
276,700 tonnes of hard coking coal and 68,500 tonnes of low-volatile PCI coal
("ULV-PCI"). Sales prices in the quarter averaged US$250 per tonne.
Production for the fourth quarter was 359,700 tonnes of hard coking coal and
142,000 tonnes of ULV-PCI. During the quarter, the stripping ratio at the
Wolverine Operation was15:1, which was lower than the 17:1 ratio in the third
fiscal quarter, and continues to fall towards fiscal 2010 plan levels of 12:1.
The stripping ratio is a key indicator of cash costs of the operations.
The Company's March 31, 2009 working capital position continues to improve. The
strong working capital position includes approximately $75 million of cash. The
cash balance takes into consideration the January 2009 repayment of Western's
C$5 million loan from Cambrian Mining Plc and the US$32 million loan made to
Cambrian Mining (refer to January 22, 2009 press release).
Fourth Quarter Fiscal 2009 Earnings and Conference Call
The Company expects to release fourth quarter fiscal 2009 financial and
operating results on June 29, 2009 (before market hours). The Company is
planning to hold a conference call to discuss the quarter's financial and
operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or 1-800-731-5319.
For replay access please dial either 416-640-1917 or 1-877-289-8525.
The call will be webcast live and will be available at
www.westerncanadiancoal.com