Prairie Mining Share Discussion Threads

[lord gnome] 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.

[basem1] 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.

[lord gnome] 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

[fillipe] 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.

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[ballymoss18] 08/11/2018 11:48

Move along nothing to see here

[neo26] 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...

[lord gnome] 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.

[neo26] 08/11/2018 09:09

I don't think they will be paying 80m for co..

[basem1] 08/11/2018 09:06

Mr Market doesn't think it's going to happen, or at least all these sellers don't.

[neo26] 08/11/2018 08:51

So you think they will pay close to 160m for pdz, considering how they intimidating us.

[lord gnome] 07/11/2018 21:15

£1 would be daylight robbery, but I suspect that it is a reasonable expectation. A bid before Christmas would be most welcome.

[plentymorefish] 07/11/2018 14:47

I'm holding all my 'tickets' and want much more than 50p. 100p and I'll be happy although still think that'll be cheap to JSW!

[momentum1] 07/11/2018 14:39

JSW are looking to aquire this on the cheap. Some holding here 50p+. Selling at anything less than 80p has got to be bad for shareholders. Management need to be screwed here and walk away if a low figure is thrown out there. I suspect it will be around 50p but here's hoping.

[ballymoss18] 07/11/2018 14:34

50p no way - £1 is a gift to JSW but can see it around 80p due to the underhand tactics by JSW and the government.

[ballymoss18] 07/11/2018 14:29

Could easily be taken out for £1+. JSW will try to get it as cheap as possible but they want it.

[someuwin] 07/11/2018 13:51

Got to be worth a lot more than current price.

[lord gnome] 07/11/2018 12:17

Added a few more from reinvested dividends from elsewhere. Ticking up again this morning. All buys. I wonder where the market is finding any loose stock at this stage in the game. L2 looking healthy. Four MMs gone blue, now 2v2 at 24-26.

[plentymorefish] 02/11/2018 17:27

Your buying the other day stopped me as I was hoping to get a few at 23p but saw it had moved to 25p!....:).....looking at the trades (again) today, it just shows it doesn't take much buying to move up.

[lord gnome] 02/11/2018 16:11

Picked up a few more today. A couple of dividends arrived in the ISA. Tic toc.