Prairie Mining Investors - PDZ

Prairie Mining Investors - PDZ

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Prairie Mining Limited PDZ London Ordinary Share AU000000PDZ2 ORD NPV (DI)
  Price Change Price Change % Stock Price Last Trade
-1.50 -10.17% 13.25 11:00:15
Open Price Low Price High Price Close Price Previous Close
14.75 13.25 14.75 13.25 14.75
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lord gnome: Translation of an article that appeared on Forsal, a Polish mining news website on 19 August. This is a direct contradiction of the Prairie statement in their last update. Deputy Minister of Energy Adam Gawęda estimates that the potential acquisition of the concession and assets of Prairie Mining by Jastrzębska Spółka Węglowa requires the development of such a "road map" in this respect, which will protect the interests of JSW and the Treasury. JSW has been conducting talks with the Australian company Prairie Mining for many months about the potential takeover of its mining projects: Dębieńsko in Silesia and Jan Karski in the Lublin region. Deputy Minister Gawęda assured on Monday in Katowice that the new JSW management is continuing these talks. However, as he said, "the concept of legal packaging is needed so that it would be beneficial for JSW and the Treasury." "Talks are being continued in the area of ​​preparing an overall plan in such a way as to protect the interest of the Treasury and the interest of the company (...). A study must be created that will be a road map for entering these concessions, taking over assets - but in such a way that mainly to protect the interests of the Treasury and JSW, "the deputy minister told reporters. He reminded that in the case of the Dębieńsko project it is a mining license, and in the case of Jan Karski - an exploration license, which is also important for the model of potential takeover of these licenses by JSW. "These are two different models of acquisition or entry into Prairie Mining assets," said the deputy minister. In May this year the court lifted the security of the Australian Prairie Mining claim in the form of a ban on the Minister of the Environment from issuing concessions to other investors on the site of the Jan Karski mine planned by Australians, in the vicinity of the Bogdanka mine. Representatives of Prairie Mining announced at the time that they would continue to work for "claiming their rights" in this matter. At the same time, talks are taking place between the Australian company and JSW. As he said in spring this year. the then president of JSW Daniel Ozon, "a potentially interesting option" for this company would not only be the acquisition of Polish assets of Prairie Mining, but also the acquisition of control over the Australian company by acquiring a majority stake in its shares. In May this year Ozone, who was dismissed from JSW's chairman on June 11, reported that "the intention of both parties is to continue negotiations in the coming months, in particular regarding the potential transaction structure and business conditions of cooperation or transactions." It was also - as the then president of JSW said - about adapting the Dębieńsko and Jan Karski projects to the JSW concept and maximizing potential synergies. "We have extended talks with Prairie regarding the possibility of taking control of the projects that Prairie has in Poland. Legal and financial advisors are still working here. We are also talking with our supervisory board and supervisory bodies about the structure of this transaction and approvals," he said in May this year. . Ozone. Currently, Jastrzębska Spółka Węglowa is managed by Włodzimierz Hereźniak. Last year, Prairie Mining sued the Ministry of the Environment for not extending the exclusive right to apply for a mining license at the planned Jan Karski mine. The court then forbade the granting of concessions to another entity until the end of the proceedings. Then, this security of the claim was withdrawn by the court of appeal, which may open to other companies, including neighboring Bogdanka, the opportunity to apply for a license for this deposit.
lord gnome: Interesting indeed as I thought that the Jan Karski problem had been resolved already and that it was Debiensko that was still an issue. All will out on Monday. I still say that we might not get a clean takeover. JSW want in while PDZ's Chinese investors want to stay involved and have the right to subscribe for capital as a cornerstone investor for any mine development.
lord gnome: 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: 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.
lord gnome: 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!
lord gnome: This could be one of three things. A few nervous holders selling out. Insiders trying to sell out in expectation of a poor deal. A tree shake to gather some cheap stock. As to which it is, I haven't a clue. Fib, the absence of investors piling in here in expectation of a decent deal is the one factor that has kept my own enthusiasm in check.
lord gnome: Now let me get this straight. On 3 April, the share price sinks through the floor as a few worried investors sell out following an RNS about a delay in issuing a permit. Three days later on 6 April two of our biggest shareholders have both been so busy buying all the loose stock that they have to announce substantial increases in their positions (crossing announcement thresholds). Can I join the dots on this one?
serabi_mining_srb: 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....
cottoner: Share talk presentation Published on 13 Mar 2018 CEO Ben Stoikovich presenting Prairie Mining Limited at Share Talk investors show in London, UK. Prairie Mining is focused on the development of tier one, world-class coking coal mines in Europe. The company is developing the Jan Karski and Debiensko Mines in Poland which currently have a combined potential NPV of US$2.5 billion based on over US600 million EBITDA per year. hTTps://
someuwin: 18 April 2017 PRAIRIE MINING LIMITED NEWS RELEASE | 18 April 2017 ADDITIONAL FUNDING FROM CORNERSTONE INVESTOR TO ACCELERATE PRAIRIE'S TIER ONE PREMIUM COAL PROJECTS HIGHLIGHTS -- CD Capital to continue its support of Prairie through a further investment of A$2.0m in the form of non-redeemable, non-interest bearing Convertible Loan Notes -- Investment follows the recent successful placement by Prairie of A$5.2m to high quality UK based institutional investors -- Subject to Shareholder approval, the Notes issued will satisfy CD Capital's investment mandate, and will be exchangeable for ordinary shares of Prairie at A$0.46 (28 pence) per share representing the same price of the recently completed successful placement of ordinary shares to UK institutional investors -- Proceeds from CD Capital's investment in addition to the Institutional Placement will enable Prairie to accelerate the development of its Debiensko Hard Coking Coal Project and advance pre-construction engineering works at its Jan Karski Mine -- Notes will be issued by way of a private placement by PDZ Holdings Pty Ltd - a wholly owned subsidiary of Prairie which indirectly holds the Company's Tier One Coking Coal Projects -- Based on the current share capital, conversion of all of CD Capital's Notes would result in CD Capital maintaining approximately a 23% shareholding in Prairie, and the additional exercise of CD Capital's options would increase CD Capital's holding by a further 7% Prairie Mining Limited ("Prairie" or "Company") is pleased to announce that it has agreed terms for further investment from its cornerstone investor CD Capital Natural Resources Fund III LP ("CD Capital") subject to shareholder approval and completion of final formal documentation. The investment will take the form of a private placement by PDZ Holdings Pty Ltd ("PDZ Holdings") (a wholly-owned subsidiary of Prairie which indirectly holds the Jan Karski Mine ("Jan Karski") and the Debiensko Hard Coking Coal Project ("Debiensko")) of non-redeemable, non-interest bearing convertible loan notes ("Notes") for an aggregate principal amount of A$2.0 million. The Notes can be exchanged into ordinary shares of the Company at A$0.46 per share representing the price of the recent successful placing of ordinary shares to high quality UK institutional investors completed in April 2017 ("Institutional Placement"). The proceeds from CD Capital's investment, combined with the net proceeds from the Institutional Placement, will enable Prairie to further accelerate the development of its Debiensko Hard Coking Coal Project and advance pre-construction engineering works at its Jan Karski Mine. Prairie and CD Capital will continue working together in partnership to de-risk and enhance the significant value of Prairie's world class coking coal assets as they progress rapidly through the next stages of project development. Prairie's CEO Ben Stoikovich commented: "Following on from our recent successful placing to a number of high quality UK based institutional investors, CD Capital's increased investment in Prairie reaffirms the global significance of our Tier One coking coal assets in Poland. We are delighted with the continued support from our cornerstone investor who shares Prairie's vision to become Europe's next strategic coking coal supplier." CD Capital's Founder & CIO Carmel Daniele said: "We are excited about the ongoing material achievements in the development of Prairie's world class coking coal projects. We look forward to continuing to work in partnership with Prairie's experienced management team as Prairie continues to develop Jan Karski and Debiensko into two of the lowest cost coking coal mines in the heart of Europe's steel industry." ABOUT CD CAPITAL CD Capital is an established and UK FCA registered fund manager with a specific focus on the mining sector. The strong experienced team of CD Capital currently manages three private equity investment funds with assets under management of over US$600 million. This investment is the first by the group's newest fund - CD Capital Natural Resources Fund III LP. As evident from the quality of this investment, CD Capital continues to achieve its mandate of partnering with leading mining entrepreneurs and strongly-aligned management teams to build world class mining projects from the highest quality pipeline.
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