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Share Name Share Symbol Market Type Share ISIN Share Description
Prairie Min LSE:PDZ London Ordinary Share AU000000PDZ2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 21.50p 21.00p 22.00p 21.50p 21.50p 21.50p 28,479 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.6 -14.7 -8.3 - 45.64

Prairie Min Share Discussion Threads

Showing 576 to 597 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
15/1/2019
08:29
The below is taken from Hot Copper. Seems (as was reported last year) that relations between the Polish Government/JSW/Trade Unions are not 'great'. No doubt this is a distraction from them cracking on and thrashing out some kind of deal with PDZ. Might take (even) longer than this quarter to resolve. I do wish they'd get a move on! Relations with JSW appeal to the Prime Minister for intervention. Acute charges against the Minister of Energy Representative trade union organizations operating in Jastrzębska Spółka Węglowa (JSW) - Solidarność; JSW, Federation of JSW Miners' Trade Union and JSW Staff - sent a letter to Prime Minister Mateusz Morawiecki on Monday, 14 January. Trade unionists want the Prime Minister to remove JSW from the list of companies in which the Minister of Energy performs the rights under Treasury shares. In their opinion, it will be a step in stabilizing the situation. The trade unionists emphasize that in mid-2019 the term of office of the current management board will end, and now they seem to be at least weird. "Representative trade unions of JSW SA write to you after the meeting of the Supervisory Board, which took place on January 10. This year the supervisory board, headed by Ms. Halina Buk, tried to destroy the company, regardless of our protests related to making undefined changes in composition The Management Board, which in our opinion was to be reduced to the dismissal of President Daniel Ozon, canceled two key management board members in a handful of circumstances: deputy president of strategy and development, and deputy president of trade, if not our intervention and entry into the meeting room would also be canceled by the deputy technical president responsible for mining and coal production as well as safety in the mines "- wrote the unions in a letter to Prime Minister Morawiecki. ead also: The President of JSW Daniel Ozon remained in the position. Trade unions continue in a dispute with the Supervisory Board They also pointed out that the expulsion of people from the board took place during strategic acquisition and trade negotiations (the construction of a new Bzie-Dębina mine is planned and innovative projects are being implemented, for example related to the Krupiński mine), the repurchase of Przedsiębiorstwo Budowy Szybów from the restructured Kopex is also being finalized. and financing banks).
plentymorefish
14/1/2019
09:45
We must have a seller in the background. Online sell limit nailed down to just 1,000 shares. Somebody clearly thinks that the price won't be right! Like it or not, we are locked in to the finish.
lord gnome
13/1/2019
22:25
the way i see it, jsw are putting pdz in a corner, they cant work onm the asset until this is resolved. JSW will not want to pay alot for asset but they will buy it.
neo26
13/1/2019
22:24
basem you are saying they will pay £75m for the asset which needs significant investment?
neo26
04/1/2019
22:07
Still better than 22p so I'l stick it out
plentymorefish
04/1/2019
21:23
35p max, or we would be a lot higher now.
basem1
04/1/2019
10:17
Indeed, that is the $64,000,000 question. I've stuck it out this long and will just hold til the end, whenever that may be (but hopefully this quarter)! I think the bottom (as you allude to above) is in so unless the deal gets knocked back and it becomes even more protracted, then the worst that can happen is I realise a similar price to today. Luckily, stuff I've got in play elsewhere is swimming against the tide (of red) so this has become a bit of a sideshow for me. I still hope though, it will be a very nice sideshow if a deal is agreed anywhere between 50-100p! In answer to your final point about the lack of people clamouring to get in, it's a fair one. I just wonder if it's even on the radar of many people as this 'deal' talk is pretty one sided from JSW and you have to hunt around for it. PDZ are keeping quiet and so there's not a lot to be deduced by people who may just be reading the RNS' released by PDZ. All my two penneth and probably codswallop!....HNY and may our day come soon....;)
plentymorefish
04/1/2019
09:58
I have little doubt that a deal will be done, plenty. My only concern is the price. This share is bouncing along on rock bottom. If a deal was going to be done at a decent premium that reflected the true value of the two projects then surely people would be clamoring to get in ahead of any announcement. Just thinking out loud.
lord gnome
04/1/2019
04:12
I've used google translate for this article so it's a bit disjointed, but hopefully you get the gist: 'In a lively recent discussion of the prices of electricity, energy mix, climate warming, smog, the situation of miners etc. It is often the postulate of a slower or faster decarbonisation of our economy. Aside from the other threads, it is worth recalling that the future of coal is also the future of the Polish steel industry and many more related industries. The reason for this is simple – it takes about a ton of steel to produce tons. 800 kg of carbon coking. Steel is (and in the foreseeable future) one of the most important materials used for the production of machinery, ships, cars, building materials, and finally everyday objects. Coking coal is one of the types of hard coal, which, after extraction, goes to coking, where it is in special soaked furnaces with exhaust gas, with limited oxygen access at 600-1200 °c. Thus, Coke is formed, used primarily in the process of melting The consumption of steel products in the Polish economy in 2017 was 13.5 million tons, i.e. By nearly 400 thousand. Tonnes more than the previous year. This growing trend is still in fact maintained. In coal mining coking from Polish Jastrzębska Company, one of the largest employers in the country, employing, according to data at the end of 2017, 26.5 thousand. Persons (as a capital group). The main recipients of its products are not only Polish customers, but also German, Austrian, Slovak, Czech, Italian and even Indian. It's a really dynamic company. In December last year, she concluded a contingent purchase contract for 95.01% of the glass construction company for 204 million PLN and in the coming years plans to build two new mines-"Dębie24;sko" near Rybnik and "Jan Karski" in Lublin Basin Coal. In addition to the JSW in the European Union, there are only a few, smaller than it, coking coal producers, some of which will soon end the extraction due to the depletion of the raw material seams. This is a great opportunity for Poland. Production is not intended to end European steel mills, producing around a year. 160 million tons of steel. Now, 80% of the coal used by coking is imported, mainly from Russia, Australia and the USA. So if new mines are JSW to build, this will increase the independence of not only polish but European steel mills from foreign deliveries, and the lower transport costs allow the EU to maintain a high level of competitiveness in the industry. Recognised is even the European Commission, typing coal coking on the list of key raw materials for the development of the European economy. You need to remember all this when foreign lobbyists, and with them a large group of naïve compatriots, try to believe us that just the only natural good that we have in our territory in abundance, it almost introduced.' The common theme in all of these (recent) articles is the language used consistently infers that JSW will 'own' Debiensko & Jan Karski, I wonder why?!
plentymorefish
05/12/2018
20:39
Certainly hope your right Ballymoss. Is there a plan B if there is no bid.
basem1
05/12/2018
14:25
Basem, If we were at 22p and offered 35p normally I would say that was fair.However35p was the price before the price was manipulated down very cleverly by the Polish government, who by coincindence have an interest in JSW.Also a couple of insitutions hold at around 35p so I dont think they would be happy to accept that offer.I agree we may not see true value but 35p would be derogatory. I am sure JSW will try the low ball offer though.
ballymoss18
03/12/2018
15:32
Somebody keen to buy in today, paying well over the odds for 3 lots of 25k. I tried a dummy buy for 30k and was quoted just 24.75p. Somebody needs to find a better stockbroker.
lord gnome
28/11/2018
09:56
I know you'll shout me down but I see 35p as the max. The market isn't daft, the price would already be higher if they thought the bid would be higher.
basem1
28/11/2018
09:26
Same all tied up here. Where do you think it will land when it is done? A mere double up on current price or a bit more?
jh420
27/11/2018
19:39
Nothing much, other than the Chinese financial involvement. The purchase of PBS1, a shaft sinking company, is also new to me. This reads as though they are getting their ducks lined up prior to announcing the deal. Surely not too much longer to wait. Tic Toc and all that.
lord gnome
27/11/2018
19:00
Is there any new news here LG ? Finance discussions with the Chinese perhaps ? Relatively new to this, a friend recommended that I tuck a few away.
basem1
27/11/2018
15:39
Posted by Wisha on LSE: New mines with Asian business partners Jastrzębska Spółka Węglowa is planning an acquisition of Prairie Mining’s majority shareholding. Prairie is the company owning coal deposits in Dębieńsko and Lublin Coal Basin. JSW hopes that the rest of the shares will be owned by partners from Asia (i.e. Indonesia, China). JSW is also holding talks with Chinese banks with regards to construction financing. New mines together with Asian business partners Construction of Dębieńsko and Jan Karski mines could increase JSW’s annual production volume by half by Jacek Madeja Jastrzębska Spółka Węglowa is planning to take over Prairie Mining’s majority shareholding. Prairie is the company owning coal deposits in Dębieńsko and Lublin Coal Basin. JSW hopes that the rest of the shares will be owned by partners from Asia (i.e. Indonesia, China). JSW is also holding talks with Chinese banks with regards to construction financing. JSW has been talking with Prairie for over a few months already. Two projects which JSW is interested in are owned by this Australian company, Two projects, one goal ‘The first [goal] is to build a coal mine in Dębieńsko. This project is also a part of “Program for Silesia”. The second project belonging to Prairie is Jan Karski mine in Lublin Coal Deposit. We have already conducted technical audits of both projects. Preliminary audits confirmed that both concession areas contain coking coal. In Lublin Coal Deposit it’s semi-soft coking coal, whereas in Dębieńsko it’s hard coking coal. We have a good knowledge of Dębieńsko’s coal as this deposit is neighboring with our concessions in Szczygłowice and Budryk,’ Daniel Ozon, JSW’s CEO, emphasized. Thanks to close location it will be possible to reach Dębieńsko’s deposit much faster. Prairie Mining wanted to drill shafts to mine the coal. JSW could, at least in the first stage, do it much faster by using Szczygłowice mine’s underground infrastructure. ‘This way we could theoretically start the production in Dębieńsko in the next year. We could reach the wall and cut it and start the production using SczygłowiceR17;s infrastructure. These are the changes we would have to implement to concession documentation and deposit development plan. In the end, there will be an independent shaft in Dębieńsko, and as a result, a new mine,’ JSW’s CEO argues. That is why the next element of this jigsaw is Przedsiębiorstwo Budowy Szybów1 (“PBSz”) whose acquisition is currently being finalized by JSW. Thanks to this [acquisition] not only JSW can facilitate roadway works, but also concentrate on building new shafts, and as a result new Dębieńsko and Jan Karski mines. JSW does not intend to have PBSz conduct the construction on its own but in cooperation with other companies. Cooperation would not limit to technical support only, but also include participation in financing the whole undertaking. Chinese market as a financing source ‘We have sent our team to China again, along with PBSz representatives. We will have meet
lord gnome
08/11/2018
19:52
Good for a chancing at this lowly so price, on a lockaway for better days at some point ahead, I'm thinking. f
fillipe
08/11/2018
11:48
Move along nothing to see here
ballymoss18
08/11/2018
11:32
Considering how the polish govt were not issuing the license one can speculate it was jsw doing.I'm not too sure they will be prepared to pay 240m.Let's see, now they have said on record they want to buy pdz...
neo26
08/11/2018
09:49
With full dilution, we should have around 240 million shares in issue. Is PDZ worth £1 a share or £240 millions? I would think so. That and a bit more perhaps.
lord gnome
08/11/2018
09:47
I think it's more a case of a few stale bulls (perhaps not aware of the state of play) taking advantage of yesterday's rise to sell out. Not a lot of shares traded in the grand scheme of things, but this is a very thinly traded stock so movements can become exaggerated. I'm here for the end game. Hopefully not much longer to wait.
lord gnome
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