Prairie Mining Share Discussion Threads

[basem1] 25/1/2019 20:32

Yes I took a 900 quid bath but got rid of my 20000. Gains elsewhere so made sense. (21.38p) My strategy has always been if something feels uncomfortable then sell. You can always buy back unless there's a BID of course. Good Luck I hope you get the bid

[lord gnome] 24/1/2019 09:30

You did well to get out. I can't get an online quote to sell for anything over 1,000 shares. Trading is 'At Best' only, so anyone trying to sell a half decent quantity is going to get mullered on price. I said I was going to be here to the bitter end in the hope that eventually we would get a good deal. Looks like I'm stuck here whether I like it or not.

[basem1] 23/1/2019 22:23

I cut my losses last week, decided I didn't want to sell in the teens.

[plentymorefish] 23/1/2019 12:35

Well, I have to say it's not how you'd expect an share price to behave with a (decent) offer coming. It could soon head into the teens!

[plentymorefish] 18/1/2019 12:28

The Polish end could resolve this in a heartbeat.....put a (decent) offer in and we can all get on with other stuff....it's been an eye opener seeing how a member of the EU/NATO etc acts when it comes to business....can you imagine the noise if the boot were on the other foot?!.....;)

[lord gnome] 18/1/2019 11:59

Yes, keya, good news on Jan Karski, but still to play for on Debiensko. This is all tied up with Polish mining politics and could be for some time yet.

[keya5000] 18/1/2019 07:12

I think it's good news and the other one is still being progressed with plenty of time to resolve and the legal case on their side.

All good that I would say.

[plentymorefish] 18/1/2019 07:06

Some good news and not so good news, kind of neutral and more waiting to come!

[plentymorefish] 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).

[lord gnome] 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.

[neo26] 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?

[plentymorefish] 04/1/2019 22:07

Still better than 22p so I'l stick it out

[basem1] 04/1/2019 21:23

35p max, or we would be a lot higher now.

[plentymorefish] 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....;)

[lord gnome] 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.

[plentymorefish] 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?!

[basem1] 05/12/2018 20:39

Certainly hope your right Ballymoss. Is there a plan B if there is no bid.

[ballymoss18] 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.

[lord gnome] 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.

[basem1] 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.

[jh420] 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?