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I love when you speak about our club! LOL Also everyone forgets that the boost in coal use will continue and is due to extreme growth in emerging markets like China and India, countries that require cheap fuel sources for electricity production in order to support their quickly growing infrastructures and populations. At current rates of growth, the IEA says that it expects that coal consumption will rise to 4.32 billion tonnes of oil equivalent versus 4.4 billions tonnes of oil per year worldwide within only four years; with that trend continuing, coal would quickly overtake oil as the world’s fuel source of choice.
Mate where have you been????? That was last year when the company kicked out Mr. Tan and paid a special dividend.
He is a Templar Knight a member of the Illuminati and carries the Blood Line. It's a ls simple as that... lol
With loose policies governing greenhouse gas emissions, developing nations are more likely to turn to coal as a cheap fuel source, despite it being the worst source of pollutants among fossil fuels, the IEA says. As the United States focuses more on shale gas reserves, India is expected to become the second largest coal consumer in 2017, ranking only behind China.
I was under the impression when I bought here there quite a tasty special dividend to be had. I don't know whether that is still a possiblity?
you are quite right, Nat has his reputation at stake here and is no fool, and coal prices will not stay low forever.atb
Thanks buddy. For me it's simple. There is no way Nat will let this go. It comes down to ego. ACE is also unlikely to let it go. The debt is issue will get sorted out. This company has a huge proven resource. These guys looking at it over the long run for a positive ROI on their investment. Once coal prices recover the debt will service itself. Coal prices won't remain supressed for ever. Coal is cyclical just like all commodities. Hence why I believe 41p is just the beginning. I have adjusted my limit sells accordingly.
Here we go - game definitely on! 35.5p to buy now.
This is a one way bet - both potential bidders are saying they will pay 41p/share. There is no downside. The SP must get close to 41p by the end of the day.
but in fairness arms hasn't really pushed up as expected ..... i thought it would push far more than the 32/33..... the company does have biggish debt and it looks like whoever wins NR or Ace, they will issue a lot of share to re-coup... ive read a lot of long termers have been down so at least they can claw something back.....i put my spare money into UKOG instead and sold out with a 12% gain ...... can only wish my AFREN shares pick up as im so far down on them !! Good luck to all longs & i hope the 41p does materialise for you
Extraordinary chap! Up 16.5% and still plenty left in the tank!
Did you really believe the Templar Knight with the blood line would give up that easily? I hope you didn't short. Anyway good luck.
Alexios is busy dealing with his/her margin call. Lol
Google translator: According to sources, The Wall Street Journal, Investment Fund Rothschild NR Holdings is ready to redeem issued shares of the Indonesian coal producer, for $ 100 million, 37 cents (25 pence) per share. If shareholders approve this proposal ARMS, the money will be spent on the partial payment of the company's debt of $ 450 million, maturity of which is due in June. Shareholders who do not agree to these terms, NR Holdings will offer to sell their securities at 61 cents (41 penny) per share. Rothschild proposal, supported by the Russian holding SUEK, which in the case of completion of the transaction will be able to organize the supply of coal from Indonesia to China, was sent shortly after the other shareholder Indonesian company - a group of Asia Coal Energy Ventures (ACE) - offered for ARMS $ 296 million ACE, representing interests in the transaction Indonesian holding Sinarmas, owns 4.65% of shares in Asia Resource Minerals and ready to buy the issue of new securities by $ 150 million - for 41 cents (28 pence) per share. Disagree with the proposal to shareholders of ACE has offered to sell the securities at 61 cents (41 pence)
this one? you mentioned a few pages back your shorting to 40p .....bigger balls than me...im still on the sidelines as i thought this would climb quicker..... interesting day ahead....good luck
If WSJ are correct ACE bid should be confirmed before tomorrow's vote. I am expecting a red dot after markets close today.
it is true but to date the money has has not been recovered. This could take some considerable time as different nations involved.... chateaus in france offshore accounts in the caribbean....ownership of inter milan. Massive spike on the award at new year. But things have moved afoot dramatically since on other fronts.
Is it not true that the company has a court judgement in their favour of some £173m. If I am correct does this not mean the market cap will increase dramatically and the sp will increase far more than the 41pence offer we are all expecting to be put on the table.
The MM's are slowly but surely increasing the SP to get it closer to where the two bids will come in at 41p. Still 25% to be made here, at the very, very least IMO.
You are missing the point. People like Nat and ACE dont look at coal prices today. They are valuing the resource base over the long term. They do not look at the opportunity as a short term bet like some traders do on this bb.
XTR IT IS GOING GOING READ ALL ABOUT IT
This could head towards 40s today. Happy holding
I will watch from the sidelines I am not sure I wish to take the risk of getting spiked
Coal is cyclical. We are at the bottom. Nat + ACE think ARM is now way under valued given resource base. They are banking on a multiple return on a distressed asset. Simple
We haven't started trading yet. Mms just laying out their stall. We will likely start with an auction and end up in the 30s.