Member Info for 99icecream

Bid Price = 3.0000p No Offer Price

Bid Price = 2.375p No Offer Price

JSW (again) says that a decision on Prairie assets is due soon (as they did in June):

"JSW coking coal works on Prairie Mining asset valuation, further decisions likely in mid-Sept. - CEO"

http://biznes.pap.pl/en/news/pap/info/2597306,jsw-coking-coal-works-on-prairie-mining-asset-valuation--further-decisions-likely-in-mid-sept----ceo

The Prairie share price rises by 17% despite Prairie (again) stating that discussions are at only a preliminary stage:

"Prairie Mining Shares Jump on Prospect of Polish Coal Asset Deal"

https://www.morningstar.com/news/dow-jones/TDJNDN_201808281684/prairie-mining-shares-jump-on-prospect-of-polish-coal-asset-deal.html

"Vale's iron ore output will rise only if prices increase: CEO"

This cannot hurt the prospects for iron ore or iron ore pellets.

https://www.reuters.com/article/us-vale-production/vales-iron-ore-output-will-rise-only-if-prices-increase-ceo-idUSKCN1LB0KR

Iron ore pellet premiums to widen gains as foreign supplies tighten

https://news.metal.com/newscontent/100832277/Iron-ore-pellet-premiums-to-widen-gains-as-foreign-supplies-tighten/

What cheese - Try this link for Deutsche Bank's view on SLA

Broker Forecast - Deutsche Bank issues a broker note on Standard Life Aberdeen
13 August 2018 | 08:20am
StockMarketWire.com - Deutsche Bank today reaffirms its buy investment rating on Standard Life Aberdeen [LON:SLA] and cut its price target to 405p (from 415p).

http://www.stockmarketwire.com/article/6088554/Broker-Forecast-Deutsche-Bank-issues-a-broker-note-on-Standard-Life-Aberdeen.html

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

I think you will find that the Deutsche Bank and UBS ratings are for Standard Life Aberdeen ( SLA ) not SLE.

9th August UBS Buy Target for SLA was 405

Additional 785,000 of buys announced.

"A government-led crackdown on pollution and excess steelmaking capacity in China has helped drive the price of iron ore close to $70 a tonne for the first time in six months"

https://www.ft.com/content/9e2a82a8-9a50-11e8-ab77-f854c65a4465

Mike Haworth is a Director until 5 September 2018.

Nothing new, but provides a use summary of the current situation.

"......JSW, they disclosed that they expect to make a decision on any potential transaction with Prairie by the end of August 2018"

".... The Lublin Regional Director for the Environment issued an official notification indicating that the process to establish an Environmental Consent decision for Jan Karski would be extended past 30 June 2018 due to further information requests to supplement Prairie's original Environmental and Social Impact Assessment and ongoing local authority and public consultations."

Extrader - Yes, they are wrong, although holding your shares in certificates would work. There is no reason why your shares cannot be lent, even if your broker thinks or knows you will sell them soon. The two day settlement means it is easy to cancel the loan and have the shares back in time for settlement.

Extrader - As a 20 year veteran of the markets you will know that an out of the money sale order will have no relevance to your shares being lent by your broker. With 2 day settlement and overnight stock lending the broker will always be able to get back any of your shares that they lend before the settlement date of any shares you might sell.

MoU signed for Bangladesh's largest LNG-based power plant

"Dr Towfiq e Elahi Chowdhury, the prime minister's adviser on Power, Energy, and Mineral Resources, addressed the signing ceremony thanking GE for their interest in Bangladesh’s power sector, urging more US firms to invest in different sectors in the country, especially in infrastructure development.

He also urged US investors and entrepreneurs to focus more on coal-based power plants."

https://www.dhakatribune.com/bangladesh/power-energy/2018/07/12/mou-signed-for-largest-lng-based-power-plant

Bangladesh unveils $5.8 billion energy investment, two JV's with General Electric

https://uk.reuters.com/article/us-bangladesh-energy-investment/bangladesh-unveils-5-8-billion-energy-investment-two-jvs-with-general-electric-idUKKBN1K11SI

Thanks MM that makes perfect sense.

A question for you:

Lets assume that a 62% Fine is $60 and a 65% Fine is about $90 with a 65% Pellet about $130.

This would imply that a 67.4% Fine would be about $ 114 and a 67.4% Pellet would be about $165.

Is my maths/logic correct ?

The reference price for a 65% Pellet (ISIX65PU) was $ 128.92 on 3 July 2018. FYI this is the same reference price that has been quoted by ZIOC (where it was quoted as an average of $131.9 in the year to 26 June 2018). A 65% Feed price would be about $90 on 3 July 2018.

According to the IMF website, a meeting is tentatively scheduled for 11 July (press briefing 28 June 2018).

http://www.imf.org/en/News/Articles/2018/06/28/tr06282018-transcript-of-imf-press-briefing

The widely reported 6 July meeting seems to originate from an earlier Reuters article from 27 June.

https://uk.reuters.com/article/us-congorepublic-imf/imf-board-to-consider-bailout-for-congo-republic-on-july-6-idUKKBN1JN1S3

English translation of a Polish Press article

http://www.branduk.net/jsw-a-decision-soon-on-prairie-minings-pdz-assets/