Prairie Mining Share Discussion Threads

[goodbloke1] 03/4/2018 11:29

Excellent username

[fillipe] 03/4/2018 09:05

Definitely, a bit of a frightener - just when things seemed to be going well.
BS must be feeling it's all just become a bit uphill working.

f

[plentymorefish] 03/4/2018 09:04

Crikey - all my profit gone in a few minutes, didn't see that coming. Hopefully that's the smack down done for now

[neo26] 03/4/2018 08:25

Hmmmm, big shareholder invested recently now poland being nasty.How long will it take?

[someuwin] 29/3/2018 07:13

Joint Update Statement Regarding Possible Co-Operation between Prairie Mining and JSW
Wspólne aktualne stanowisko dotyczące nawiązania potencjalnej współpracy między Prairie Mining i JSW
Prairie Mining Limited ("Prairie") and Jastrzębska Spółka Węglowa SA ("JSW") have entered into a Non-Disclosure Agreement ("NDA") following Prairie's approach to JSW with respect to potential co-operation regarding Prairie's Polish coal projects. The purpose of the NDA is to allow for the exchange of technical and commercial information in order to facilitate substantial and more advanced discussions regarding any potential transaction(s) options in respect of Prairie's projects.


Prairie will make available information in relation to the hard coking coal project under the Debiensko-1 concession granted in 2008, to allow JSW to conduct an assessment of its feasibility and economics, taking into consideration factors including, but not limited to: its stage of development, conditions of the mining concession, environmental permits, and the mining usufruct contract. JSW will also assess other various risks and opportunities, including JSW's existing infrastructure at the neighbouring Knurów-Szczygłowice mine.


Prairie will make available information in relation to the Jan Karski project in the Lublin Coal Basin, to allow JSW to conduct an assessment of the project's feasibility and economics with regard coking coal, taking into consideration factors including, but not limited to: its phase of development, the physical and chemical parameters of the coal (in particular its coking parameters), the timeframe and conditions with regards to obligations to obtain a mining concession, as well as other various risks and opportunities.


It is emphasised that discussions are at a preliminary stage and that even if they move onto discussions of specific transactions terms, any potential transaction(s), should they occur, may be subject to a number of conditions including, but not limited to, obtaining positive evaluations and expert opinions, necessary corporate approvals, consents and approvals related to funding, consents from Poland's Office of Competition and Consumer Protection (UOKiK) if required, and any other requirements that may relate to the strategy, objectives and regulatory regimes applicable to the respective issuers.


There can be no certainty as to whether any transaction(s) will be agreed, or the potential form of such transaction(s).


The NDA provides for discussions to be conducted for an initial period up to 6 months, which may be extended by mutual agreement of both parties.

The companies will continue to comply with their respective disclosure obligations to the relevant markets, as required.

[lord gnome] 29/3/2018 06:50

Nice find guyswonga74. Thanks for posting. We may have to be patient for a while longer, but sooner or later this deal will be done and we should all become a bit wealthier as a result. It might just be a very good Christmas.

Edit: And now we have a RNS announcement confirming this. Shouldn't do the share price any harm today.

[guyswonga74] 28/3/2018 22:29

The Management Board of Jastrzębska Spółka Węglowa S.A. ("JSW") informs that on March 28, 2018, Prairie Mining Limited ("Prairie") and JSW entered into a Confidentiality Agreement ("Agreement") as a result of Prairie to JSW regarding potential cooperation on prime coal projects Prairie In Poland, the purpose of the Agreement is to enable the exchange of technical and commercial information, which will facilitate the conduct of key and more advanced talks on all possible transaction options regarding Prairie projects.

Prairie will provide information on the coking coal project under the Debieńsko-1 concession granted in 2008 to enable JSW to assess the feasibility and economic conditions of this project, including factors such as the stage of its development, the terms of the mining license, environmental permits and agreement on the establishment of mining usufruct.
As part of this process, JSW will also assess various other threats and opportunities, including those related to the JSW infrastructure existing at the neighboring KWK Knurów-Szczygłowice.

Prairie will provide information on the Jan Karski project in the Lublin Coal Basin to enable JSW to assess the feasibility and economic conditions of this project in the field of coking coal, including factors such as its development stage, physicochemical parameters of coal (in particular its parameters coking), time frame and conditions related to the obligation to obtain a mining concession, as well as other various threats and opportunities.

It should be emphasized that talks are conducted in the initial phase and even in the case of transition to talks about specific terms of the transaction, any possible transaction or transactions, if it occurs, may depend on meeting a number of standard conditions, including from obtaining positive assessments and expert opinions, necessary corporate approvals, approvals and approvals regarding financing, approvals of the Office of Competition and Consumer Protection (UOKiK), if they are required, and meeting any other requirements related to the strategy, objectives and regulations applicable to each issuer.

There is no certainty that the talks will lead to the conclusion of any contract (s), and there is no certainty as to the form of any transaction (s).

The confidentiality agreement allows you to hold talks for an initial period of up to 6 months, which can be extended by mutual agreement.

The companies will comply with their obligations to provide the required information to the markets.

[guyswonga74] 27/3/2018 20:47

Current calculations say, Debiensko has a CURRENT value at about 400 million Euros = 680 Million AUD = 350 million Pound. We have currently 167,5 million shares on issue. Fully dilluted 254,5 million shares with an exersiable value at about 40 million AUD = 25 million EUR = 21.85 million Pound. CD capital has a contract with Prairie mining, to fund a further 55 million AUD. I will exclude this from my calculation, because CD capitals money will be needed for Jan Karski later in my opinion. So lets calculate a bit: All shares = 254,5 million Debienskos value = 350 million Pound plus 21,85 million Pound via options = 371,85 million Pound. Debienskos value = 400 million EUR plus 25 million EUR = 425 million EUR. Debienskos value = 680 million AUD plus 40 million AUD = 720 million AUD. This results in following value per share WITHOUT the Jan Karski mine: 1.46 Pound per share 1.66 EUR per share 2.82 AUD per share Double this within Jan Karsk

[guyswonga74] 25/3/2018 23:15

In my opinion we should see another strong week for pdz and a push into the mid 60s

[serabi_mining_srb] 23/3/2018 09:30

Huge RNS from Serabi Mining SRB

15 million USD investment at the current Share Price, to a single investor. Very low valuation considering its level of gold output. Results this month, last November showed a huge jump in cash to over 9.7 million USD. Rerate now undeway, and stock in very short supply.

Up almost 30% already....

[lord gnome] 22/3/2018 17:32

Only when any deal has been agreed, cosmo. All we know now is that talks are underway.

[lord gnome] 22/3/2018 12:39

Agree. If all goes well we have a big fat payday to look forward to.

[amaretto] 22/3/2018 12:12

I agree, the point I'm making is that even at an astonishing discount to JSW, the impact of the purchase on PDZ will be huge. Just pick a number; USD250, USD500, that equates to GBP1 and GBP2 of cash on the share price

[maverick247] 22/3/2018 11:40

Deb value i reckon comes in $250-500m

[lord gnome] 22/3/2018 11:02

Too cheap Amaretto - unless we were getting a big fat royalty on production as well.

[amaretto] 22/3/2018 10:40

That's about $440m. Now if they could only buy a local hard coking mine at a huge discount for a snip at say $250m. That would be the equivalent of just over a £1 in cash on our share price. Plus we'd still have the Jan Karski asset.

[lord gnome] 22/3/2018 10:33

A bit more fuel for the fire. Here is the text of a tweet (dated 19 March) from Richard Bowen, a PDZ holder:

'Polish media reporting that JSW has signed a PLN 1.5bn deal with Arcelor Mittal to supply coking coal for 3 years to make steel. Where is JSW going to find a steady supply of type 34 low ash coking coal?'

[amaretto] 22/3/2018 10:22

Thought they already had a fighting fund for acquisitions of a few hundred million??

[pre] 22/3/2018 10:19

Looking good here...do JSW need to raise funds for the Debiennsko mine acquisition and does anyone have anticipated timelines on this? Anyone any news on this aspect, tia.

[maverick247] 22/3/2018 10:02

Bought back some id sliced out lower silly me Think big things coming here

[someuwin] 22/3/2018 09:56

This is looking highly interesting now.