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https://biznesalert.pl/ozon-jsw-prairie-mining-przejecie/
Many options on the table for JSW......takeover in my opinion is Inevitable.
"Prairie Mining is a company listed on three markets, including the Australian market, which understands raw materials, and the British market (...), which - regardless of Brexit - can provide access to capital," - explained Ozon. "Having such a company, which is controlled, and at the same time it is public, you can collect money using the fact that it is a company from the capital market. So this is a potentially interesting option for us "- added the president of JSW.
I agree - it would be the cleanest and quickest solution to the impasse - clearly JSW want to get a move on.
Suprised no trading activity
Trading activity will start when official RNS lands, by then the mm’s won’t let you buy sub 30p and it will be extremely difficult to buy any quantity. Best time to buy is now when no ones looking.
https://gornictwo.wnp.pl/jsw-ma-nowy-zaklad-gorniczy-rada-nadzorcza-zajmie-sie-prairie-mining,344197_1_0_0.html
- We have no way out, we have to go for a good quality coal - says Pawel Kolodziej, chairman of the Trade Union of Miners of Jastrzebska Spólka Weglowa, for the WNP.PL portal. - Bzie-Debina Mine has been granted the status of a mining plant. This will be the next unit that will extract coking coal in the future - indicates Pawel Kolodziej.
Coking coal is on the EU list of 27 critical raw materials (Critical Raw Materials for the EU) and therefore hardly substitutable and of the utmost importance to the Community. The mines of Jastrzebska Spólka Weglowa (JSW) cover as much as 30 percent. European Union demand for coking coal.
On the other hand, Jastrzebska Spólka Weglowa and Prairie Mining are discussing the Prairie projects: Debiensko in Upper Silesia and Jan Karski in the Lublin region. In February 2019, the companies extended until 28 September 2019 the date of the agreement on establishing potential cooperation on coal projects in Poland.
- I would like these conversations to end positively and that an agreement should be reached - says Pawel Kolodziej. - We are waiting for the owner's decisions in this matter, the matter will be raised on the nearest supervisory board - he points out.
In order for JSW to start extracting from Prairie deposits within 1.5-2 years, it is necessary to "quench" all court disputes and not "create" new processes. Currently, all parties, including JSW, Prairie, but also the State Treasury and Bogdanka blocked each other for a few years. I do not think anyone understands that in the Treasury. I wonder if the changes in the position of the World Championships will continue to be seriously treated by the Prairies with JSW. The simplest solution is JSW agrees with Prairie regarding both deposits and then controlling Prairie (eg by taking up new shares), he gets along with Bogdanka. That way everyone is happy. Australians are waiting a few years to build mines on both fields, the price of the shares is growing and everyone is making a good profit.