Prairie Mining Share Discussion Threads

[plentymorefish] 02/11/2018 15:57

Nudging up but I wish they'd narrow the spread (23 v 26) even live trade is 23.85 v 25.62. Still, it's going up, long may it continue and lets have a positive announcement soon please

[plentymorefish] 31/10/2018 09:11

I'm the opposite LG, it's my head that's saying yes - I'm sure a deal will be done and then we should see the share price recover nicely - it's been smashed on little volume and it'll be nice (fingers crossed) to see it rise equally as dramatically if/when this all gets sorted. All IMO of course! ATB, this time next year Rodney.....!

[lord gnome] 31/10/2018 08:46

Had a few more on the back of today's update and the press cuttings. A deal must surely be getting close now. I would like more, but whilst my heart says yes, my head is saying I already have more than enough. Tic toc.

[lord gnome] 31/10/2018 07:48

Super articles plenty. Surely we are on to a winner here. I can't understand why the share price doesn't reflect the hope value. A takeover would provide a clean exit for Prairie's investors. Tic toc.

[plentymorefish] 31/10/2018 05:05

And here's one in full that I struggled to do a couple of days ago:

JSW seeking support at the premiere of Morawieckiego
The presentation by Jastrzębską; Coal Company of development plans in Lublin, the coal basin at the time when the company had not yet finalised talks with Australian Prairie Mining, was quite a surprise. But it had its purpose.

For several months there have been negotiations between JSW and Prairie on the takeover by jastrzębską; Company of two Australian mining projects. It is about the reactivation of Coke coal mining on the Dębieńsko of Silesia and the construction from the ground up of the so-called coal mine. Półkoksowego Jan Karski on Lubelszczyźnie. Prairie has been working on documentation for these investments for a long time. Recently, the company collided with serious problems. First, the environment resort refused to sign with the Australian investor within three months of the mining agreement of Lublin. He then rejected his request to change the conditions of the extractive concession to the Dębieńsko.

However, it was the president of JSW Daniel Ozone on Friday in Chełm presented mining plans, connected with the project Jan Karski, at the side of the associated City of spokeswoman Law and Justice and the deputy of the Sejm of Beata Mazurek. The term was not accidental. In Chełm takes the fight for the mayor's seat in the second round between the current President Agata Fisz and the candidate PiS Jakub Banaszkiem. The download by PiS to the Chełm president of JSW was supposed to be a clear signal that the politicians of this party depend on the development of the region and the construction of a new mine, which cost 2.5 billion zł and give jobs for 2300 people
.
For JSW, the political support of Beate Mazurek is not negligible. Conflicted with Energy Minister Krzysztof Tchórzewskim President JSW Daniel Ozone seeks support for the investments in the Prairie assets at other levels, including that of Matthew Morawieckiego. The positive signal from the prime minister did not have to wait long. This has happened a day later.

Meanwhile, the conversation between JSW and Prairie Mining has not yet ended. Our information shows that there are various scenarios in which a potential transaction can be carried out, including the request for the Prairie shares, which are quoted on the three exchanges. However, none of the parties comment on the ongoing discussions. However, we know that for the Prairie representatives visit ozone in Chełm was quite a surprise.

-Prairie has the most advanced coal mining projects in Europe coking. Only the construction of the Jan Karski mine and the development of Lublin will enable the regional economy to develop and provide thousands of new jobs in the Chełmskiej land. The construction of new mines is the only way to ensure the independence of the raw material, in light of increasing carbon import – provides Ben Stoikovich, president of Prairie Mining.

President JSW points out:-The Lublin Basin has large resources of coking coal, which would JSW to increase the volume of mining.

[plentymorefish] 31/10/2018 02:12

Another article worth a read:

hxxps://hotcopper.com.au/threads/ann-september-2018-quarterly-report.4515017/

[plentymorefish] 29/10/2018 08:10

This is as much of the article as I can get:

New mine in the province Lublin. Will it be built by Jastrzębska Spółka Węglowa?

Jastrzębska Spółka Węglowa is interested in Lublin coal. The Silesians are negotiating with the Australian company Prairie Mining Limited the conditions for taking over the rights to the fields located between Siedliszcze and Cyców. It is in this region, specifically in the village of Kulik, that the mine Jan Karski would be created. - The Polish government is very interested in the creation of the mine in Chełmszczyzna. This is one of the tasks that I supported from the beginning, also supported by the Prime Minister and Minister of Energy Krzysztof Tchórzewski. That is why we organized a meeting with the president of JSW, who will present plans for the Lublin Basin - said Beata Mazurek during the Friday conference in Chełm

JSW European giant JSW is currently the largest producer of coking coal in Europe. The company estimates that it will extract approx. 5 million tonnes of gas per year. About 2,300 people would find employment in the mine. In the case of works related to the investment and subsequent mining and transport, the number of jobs could increase fivefold. - After finalizing the negotiations, JSW decided that Chełmszczyzna, in which the Jan Karski mine will be established, will be the headquarters of the JSW Wschód Company. We also intend to submit preliminary documents to the Ministry of the Environment in the coming days to apply for the right to geological information about the Pawłów fields, which are located south of the Jan Karski area - declared Daniel Ozon. As JSW explains, its plans will not affect the operations of "Bogdanka" located in the area of ​​Lubelski Węgiel, which extracts steam coal used in power plants. - There will be no conflict of interest because a different kind of raw material is extracted in "Bogdanka". I even think that if our project is finalized, we can think about broadly understood cooperation - says JSW president. The authorities of Prairie and its Polish daughter company PD Co confirm that advanced negotiations are underway with JSW regarding the mine. However, they do not want to reveal details. - Further information will be provided in the form of stock market announcements, in accordance with the regulations - said Ben Stoikovich, president of PD Co. He has been talking about plans to build a new Prairie mine since at least 2012. In October last year, the company filed with the Regional Directorate for Environmental Protection a request for environmental decision and other documents. Since then, they have been evaluated by RDOŚ.

[plentymorefish] 29/10/2018 08:03

Another positive article that's been put up on Hot Copper. Again, it's in Polish but the gist is co-operative between JSW & Prairie ongoing and starting to sound more and more like it will result in some kind of deal. Whether that'll be a 'good' deal for us PDZ shareholders, who knows! Unfortunately the article is too long to use 'google translate' but it's worth having a look at Hot Copper as it's a very useful source of information

hxxps://hotcopper.com.au

[lord gnome] 26/10/2018 08:29

Good find, plenty. Quite a timely visit given the state of negotiations between PDZ and JSW.

[plentymorefish] 26/10/2018 08:16

Article dated yesterday, taken from Hot Copper - I've translated the article and the gist seems to be cooperation between JSW & Australia is important so hopefully reduces the likelihood of PDZ being screwed over!


Australians at JSW

In Jastrzębska Spółka Węglowa, representatives of the Australian research agency CSIRO (Commonwealth Scientific and Industrial Research Organization) visit Poland on a three-day visit. It is one of the largest organizations of this type in the world. The visit of Australians to JSW is the result of an agreement signed two months ago during the economic mission led by the President of the Republic of Poland Andrzej Duda and with the participation of deputy minister of energy Grzegorz Tobiszowski.

JSW and CSIRO will cooperate closely, among others in the field of automation of exploitation of mining walls.
Polish-Australian cooperation will allow Jastrzębska Spółka Węglowa to introduce innovative solutions that are to improve the quality of products.
As a result, JSW mines have a chance to increase efficiency and further development.

In Jastrzębska Spółka Węglowa, they emphasize that it must be competitive, so it should draw knowledge and experience from the best.

The company is visited by a delegation from the Australian government agency CSIRO (Commonwealth Scientific and Industrial Research Organization). The Institute has existed for over a hundred years and is a renowned research and scientific organization.

Using the latest technologies, it creates innovative products and tools to meet the challenges of the mining industry.

CSIRO has developed, among other things, detailed reservoir modeling systems for performance.

- Australians are an extremely important partner for us. I am glad that we are cooperating with such a prestigious and important institution - says Artur Dyczko, deputy chairman of the JSW management board for strategy and development. - They have extensive experience in the field of modern solutions, are the owners of patents, but above all, experts on the latest solutions and technologies - he adds.

Read also: Daniel Ozon, JSW, on new technologies in coal processing

and JSW invests in the safety of miners

Visitors from Australia during the first day of their stay in Jastrzębska Spółka Węglowa learned the detailed business model of the company, development strategy and investment plans.

They spent the next day in the processing plant of the Pniówek mine in Pawłowice. Cooperation between JSW and Australian partners concerns, among others, areas of mechanical processing of coal, petrographic analyzes of the grain composition of coal and topics related to quality forecasting. In addition, JSW and CSIRO will cooperate closely in the field of automation of

Polish-Australian cooperation will allow Jastrzębska Spółka Węglowa to introduce innovative solutions that are to improve the quality of products. As a result, JSW mines have a chance to increase efficiency and further development.

The JSW Group is the largest producer of hard coking coal and a significant coke producer in the European Union. The core business of the JSW Group is the production and sale of coking coal as well as the production and sale of coke and hydrocarbons.

Coal mined by the JSW Group, mainly coking coal, is used in Central Europe by local steel mills belonging to international steel producers and regional public utilities.

The coke produced by the JSW Group is also sold on the global market. The main recipients of JSW Group products are customers in Poland, Germany, Austria, the Czech Republic, Slovakia, Italy and India.

[lord gnome] 19/10/2018 15:44

Bah! Looks like we will have another two months to wait. I was expecting good news around now, middle of October, but it now looks as though we will be lucky if we get any news by Christmas.

[plentymorefish] 19/10/2018 10:49

I've used google translate to read this Polish article dated yesterday that seems to be about new uses for coking coal. There is a reference to the ongoing talks with Prairie and I'm not sure whether the extension of 2 months to the outcome of talks is starting from now or at some point in the past:

Daniel Ozon, JSW, on new technologies in coal processing

Coke tar can be used to produce anodes for batteries necessary for the development of electromobility or carbon fibers sought for on the market. The processing of carbon derivatives is characterized by high margin and it is independent of coal business cycles - said Daniel Ozon, President of the Management Board of Jastrzębska Spółka Węglowa in an interview with the portal WNP.PL.

The Management Board of Jastrzębska Spółka Węglowa announced that on 10 October 2018 it decided that the company would continue talks with Prairie Mining Limited regarding potential cooperation or transactions regarding privy coal projects in Poland, including the "Dębieńsko" project. When can the decisions be made on this matter?

We know that this is the most sensitive topic from the communication point of view in the JSW Group. We extended the talk time by two months. We finalize both the audit and the valuation. We will contact the owner to obtain directional approval for our next steps. Hence we needed to extend the time by two months.

And what is the issue regarding new company activities, including perspectives related to the production of carbon fibers? You mentioned a few months ago that even a tenth of the JSW Group's revenues can provide new technologies for the processing of carbon-based products in the coming years.

This is the link to the full article but you'll need to translate it to get the gist, unless you speak Polish of course!

hxxps://gornictwo.wnp.pl/daniel-ozon-jsw-o-nowych-technologiach-w-przetwarzaniu-wegla,332621_1_0_0.html

[plentymorefish] 17/10/2018 07:23

AGM is scheduled for 21st of November

[lord gnome] 16/10/2018 15:09

Still the same, plenty, but only on minuscule quantities (2,000 shares). I could sell a decent amount easily, but any buying was 'at best' only. Looks like things are tightening up a bit.

[plentymorefish] 16/10/2018 09:39

Real prices quoted today is a bit odd - 25.25 to sell / 25.24 to buy, how often (albeit tiny) do you see a higher price to buy than sell?!

[plentymorefish] 11/10/2018 15:22

Wide spread (23.05 v 25.24) doesn't help. I was thinking of buying a few more but knowing you're down 8% as soon as you do doesn't inspire me to do so!

[lord gnome] 11/10/2018 13:14

A few small sells on a bad day in the markets and down we go with everything else. Like ballymoss, I sit here with fingers crossed and hope for a decent exit. The news can't come soon enough. I'm an investor, get me out of here!

[ballymoss18] 10/10/2018 12:01

Just waiting with fingers crossed.

[lord gnome] 10/10/2018 10:49

Somebody had a quick change of heart this morning. At 9.40 a buy went through for 10,714 shares at 28p. At 10.42 10,714 shares were sold for just 27.05p. Must be the same buyer / seller. How to lose £100 in an hour. It would have been more fun to put it on a horse.

[plentymorefish] 10/10/2018 10:20

Agreed LG, IMO all the signs are there, just back to what we've discussed before, at what price? I thought there was only us two left invested!....;)

[lord gnome] 10/10/2018 09:54

So now we have the RNS confirming talks still ongoing and hinting at a deal to come. Bringing in a few buyers and we have a tick up in the share price. Helpful to say the least.

[lord gnome] 10/10/2018 08:37

So a deal for Debiensko is on the cards, but no mention of Jan Karski.

Edit: I'm forgetting my manners. Many thanks Plenty. Good find.

[plentymorefish] 10/10/2018 08:27

I've just used google translate to see the whole article to put the above paragraph in context, so here it is:

Daniel Ozon, president of Jastrzębska Spółka Węglowa, admitted that the current economic situation is prompting new investments.

The talks we have started with Prairie Mining on the Dębieńsko mine are coming to an end - we are finalizing the audit and we are finishing the valuations. These processes should end in October. The Dębieńsko mine has been included in the "Program for Silesia" within the framework of the strategy of responsible development - recalled President Ozon. - Potentially this mine could extract 2.5 million tons of good quality coking coal annually. A positive aspect is that the first half a million tons per year - until the shaft at Dębieńsk was built - we could extract using the Szczygłowice infrastructure.

Demand is, therefore, a strategic investment makes sense. You have to invest in the moments of prosperity and today this economic situation is. When the next cycle comes, we want to be prepared - we now want to guarantee long-term financing - Daniel Ozon admitted. - We are talking with financial institutions, including Chinese, so as to secure even 12-year financing for the construction of the mine.

The president of JSW admitted that currently Chinese banks are one of the few that offer such opportunities.

In case of problems, import will help, though it is a bit worrying
If Polish mining does not rebuild production capacity, coal imports will grow. - There is nothing to argue with the facts. Coal imports will definitely continue and will even grow. The import record from 2011 (15 million tons of coal) will definitely be broken this year - it will be 17-18 million tons. With the upward trend in the following years - said Sławomir Obidziński, president of Węglokoks.

Often in the media, he is threatening with coal "from Putin." Coal is a commodity that is massively sold and bought in the world. I assure you that if for some reason coal import from the east was difficult, it will be easily replaced with imports from other directions - said the president of Węglokoks. - It should be emphasized that currently coal from Russia is cheaper - in the Baltic ports it is offered on average by USD 5 cheaper than coal from other directions.

[plentymorefish] 10/10/2018 07:51

From Hot Copper BB posted overnight:

From an article

„The talks we have started with Prairie Mining on the Dębieńsko mine are coming to an end - we are finalizing the audit and we are finishing the valuations.These processes should end in October.The Dębieńsko mine has been included in the "Program for Silesia" within the framework of the strategy of responsible development - recalled President Ozon.- Potentially this mine could extract 2.5 million tons of good quality coking coal annually.“

„The president of JSW admitted that currently Chinese banks are one of the few that offer such opportunities.“;

Hopefully some kind of (positive) news on the way.....

[lord gnome] 07/10/2018 15:58

Interesting comments: “Prairie should be a partner for JSW or Bogdanka -- not the enemy,” Tobiszowski said. I never saw us as the enemy. Hopefully this is all part of the preamble to an offer from JSW. Middle of October was the last I heard. Not too much longer to wait then (yawn).