Member Info for guzzler1962

My apologies Reggie, you are correct.

Reggie, sorry but I don't think your figures add up. Whitehaven have 356M tonnes. Westfield has 800M but we are targeting 100M. That makes their resource 3.5 times larger than us, not the other way around. However, it has given us some kind of guidance on what an undeveloped play is worth. Our costs are low so if the project proves successful we will be on the radar of a buyer and this will be a very good investment.

Apologies for duplication, LSE at its finest.

http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=15kuee2a&ArticleHeadline=Rio_Tinto_agrees_sale_of_Winchester_South

http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=15kuee2a&ArticleHeadline=Rio_Tinto_agrees_sale_of_Winchester_South

There's a lot of disappointed peeps because it's not 1p already, myself included. The lowest I paid for 88e was 0.35 so I know it can happen!

Number 5 on the riser board. Happy with that on a Friday. Congrats to those that were buying at 0.3p last week.

The CEO of Altona (zorbas major shareholder) did a live Q&A last night. A live chat, peeps submitted their questions and he responded. Only one question dodged I think? Think holders here should really push for this. Zorbas is obviously aware it can be done, all he needs to do is give up an hour of sunbathing and it will give this a big confidence boost. AIMO.

Morning Stalin, I think you should bung in your dry powder. You'll have have same holding as Nick at a much lower average ;)

Stalin I agree he comes across as very decent. I would however feel much more comfortable if Hogan and Zorbas were locked in. That said, they can afford to sit on their holdings for 18 months, so if they know what's coming, and continue to hold, that bodes well for us. Options at 2.5p for Nick is also an incentive. I would prefer it if he had more skin in the game but take comfort that my average is less than his :)

Nick, the rumour on the street is ANR don�t have a penny in the bank? I thought we had at least $500oz can you confirm? Nick Lyth (CEO ) We've got a lot more than that in the bank today. 100% guaranteed, I got the accountancy firm to confirm the balance this morning (in anticipation of such a question) 5:37 PM Question from M15ike What is next for Altona if the resource is not viable ? Nick Lyth (CEO ) I'd like to concentrate 100% on this resource for now as I genuinely believe we have a great opportunity to create a lot of shareholder value from it. Time (and results) will tell 5:38 PM Question from jimbo96 Thanks Nick. Good way for investors to communicate directly, hope you can do it fairly regularly?. Good luck! Long term holders are feeling the pain so hope the team can finally back up the talk?. Aim directors seem good at talking though and not delivering!!!! No offence but seen it time and time again. Nick Lyth (CEO ) It seems to be quite effective so I think we can certainly repeat this. Interested to hear others' feedback in due course. Ultimately I will be judged by results and not words though and I 100% accept this and relish the challenge 5:40 PM Question from Stuie62 Could you clarify the role, if any, of Mr Kloepper? Nick Lyth (CEO ) He is the nominee of Zorbas/Hogan. As an NED he has no operational role in the company, nor should he 5:41 PM Nick Lyth (CEO ) Any more questions, or need for clarification of any answers I've given? Happy to keep answering as long as you keep asking Question from Vince "sticky" money is very hard to find in the current market place, most private investors require big discounts in the current market place to invest their cash so to limit risk. As the confidence and volume on AIM has diminished do you think it will become harder for ANR to raise cash on the market Nick Lyth (CEO ) Given the sort of sums we would be talking about and the simple, clear strategy (that we are starting to deliver)...no, easy. The key is getting sticky money, not people who will sell into a 20% rise 5:45 PM Question from bhattib "They are talking about selling coal at a rate of 3.5m-7.5m tonnes per year". What can Altona potentially do a year if all goes to plan? Nick Lyth (CEO ) If all goes to plan, in that range....but to be fair it's early days as we haven't started drilling yet. But yes, in that range is the target 5:46 PM Question from Stuie62 Do you think the ramping via social media has damaged the SP? Nick Lyth (CEO ) I don't think so. I think the problem is a historical lack of trust given the history of Lambert/Zeng/Zhang 5:47 PM Question from feuxie Will there be consolidation in the future? Nick Lyth (CEO ) No plans for one. I'm concentrating my time on delivering the strategy 5:48 PM Nick Lyth (CEO ) Thanks very much for everyone joi

Nick Lyth (CEO ) It is very inexpensive due to the nature of coal geology in this area. I'm very excited at what this means in terms of our ability to deliver the program 5:28 PM Question from Tommyboy Are you meeting any small funds or family offices to try and get some sticky money in Nick? Or is this more likely after BFS? Nick Lyth (CEO ) Sticky money is absolutely my priority. Unsticky money is what is holding back the share price IMHO 5:29 PM Question from jimbo96 I guess two vital components are proving a viable resource and coal prices stay high. What is the medium term view on thermal? I did read they were bullish for years ahead but then again all those 'experts' missed the oil collapse! Nick Lyth (CEO ) Long term (ie out past 2024) ex Newcastle futures are in the 80s...so pretty high. And these futures have been increasing in the past 6 months 5:30 PM Question from bhattib How bigger is Winchester South compared to the Altona resource? like how many times bigger? Nick Lyth (CEO ) They are talking about selling coal at a rate of 3.5m-7.5m tonnes per year. Remember that they are not strictly comparable,...theirs is a mix of thermal and coking coal. However, it's a very interesting transaction 5:32 PM Question from Mike Will we get any insight of the work program etc Finally (and thankyou) if the Chinese are backing this then can we expect closed periods? And has this presented director buys Nick Lyth (CEO ) I'm very reluctant to present the work program now...until I've sat down with the geologist in April. If I did so, and then failed to deliver the timetable, I would rightly be criticised 5:33 PM Question from feuxie Thank you. I'll be adding more.What are the future plans? Nick Lyth (CEO ) I've got big plans for Altona. Can't discuss them at this stage 5:34 PM Question from Tommyboy Nick, I hear you have been out seeing new investors and private investors all week, is this something you will continue to do? I for one think that is fantatsic and can only help get the word out how cheap this project really is... Nick Lyth (CEO ) Definitely....this week in London was all about telling people what we are trying to do, not specifically to raise money. I will keep the momentum up 5:35 PM Question from Mike Do you intend to look for Institutional buyers? P.i's can't carry the burden forever (appreciate the time & New platform) Nick Lyth (CEO ) As I think I mentioned, any future money coming in must be "sticky" as that is what is killing the price now. Doesn't have to be institutional but it could be if I can get them to buy into the story 5:36 PM Question from Vince Has there been talks of MRS (management resources solutions) getting involvement in this project i know Mr Hogan and John zorbas are involved in that company too Nick Lyth (CEO ) there are some natural synergies between

Nick I missed it What are the synergies? To Altona Nick Lyth (CEO ) Sorry, can you clarify? Not sure what synergies you are referring to 5:19 PM Question from Stuie62 Sorry, I didn't mean timescales for the project. I mean a timescale (12 months) which locks in Mr Hogan and Eaton Equities. Nick Lyth (CEO ) They haven't sold a single share since participating in the placing. I talk to them regularly, they are very happy with progress 5:20 PM Question from D I know you are travelling to Australia in April. Would that be latter part of April or early? Nick Lyth (CEO ) 10-21st 5:21 PM Question from Fulham46 AIM is a mess. We're very short on trust and the market makers mark us down all the time. Can we delist and get on to the Australian stock exchange? Nick Lyth (CEO ) It would be a waste of time and your money. My meaning is that it costs money to relist and takes a lot of time. We are trying to move fast here on this project and it would distract massively from our execution 5:21 PM Question from jimbo96 Assume the Australian government are fully behind ANR's change of direction?. Surely they are annoyed at lack of progress over so many years. Nick Lyth (CEO ) 100% happy with the direction. I met them in January and we had very positive meetings. I will meet them again in April to update them on progress 5:23 PM Question from feuxie Why is the stock price always so cheap? Is there a risk of delisting? Nick Lyth (CEO ) No risk of delisting 5:24 PM Question from Mike To the RIO deal I'm showing a little ignorance but are the synergies simply coal or regional? Sounds interesting Additional are we at an inflection point here with a view to more material news/deal flow as operations kickoff Nick Lyth (CEO ) If you look at the Winchester South deal there is a fair bit of info on the internet and we can post this on our twitter asap. I think we are doing 100% the right thing with the Altona assets to generate shareholder value. We have strong newsflow, decent media presence and hopefully plenty of newsflow to come as we commence exploration phase one 5:26 PM Question from Fulham46 The share price has halved since you took over. Why should we have confidence in you and the management team? Nick Lyth (CEO ) I think you need to look at what has been achieved since I became CEO in October. We have a viable strategy, an improving team of people, we have a genuine media presence (such as this) and we are showing that we have a credible plan to get to a profitable exit for the shareholders 5:27 PM Question from Tommyboy It sounds like a really cheap costed exploration all the way through to BFS, or am I making this project sound just to simple... Nick Lyth (CEO ) It is very inexpensive due to the nature of coal geology in this area. I'm very excited at what this means in terms of our ability to deliver the prog

Nick Lyth (CEO ) The other tenements are, in our view, uneconomically extractable based on current understanding. There is an estimated 800m tonnes in Westfield in total. What we have to do is make sure we get the 100m or so that is driest and shallowest 5:11 PM Question from Mike Thanks Nick. Is it fair to say given the tough time in coal business that the market remains modestly cautious? How do you suggest ANR will shine in the spotlight Nick Lyth (CEO ) We are valued at GBP5m, maybe you saw the sale of Winchester South today announced by Rio Tinto to Whitehaven Coal of USD200m. That is a totally undeveloped coal asset. Not saying that we could match that, but it gives an idea of the quantum 5:13 PM Question from bhattib Mr Brenton Newell - how did you meet him or did he approach Altona first? Nick Lyth (CEO ) Came through contacts in South Australia. He's a good guy who knows what he's doing. Very happy with the appointment 5:13 PM Question from Stuie62 Given there seems to be no lock in terms for our major shareholders, do you think having some timescale in place would give a show of confidence for holders? Nick Lyth (CEO ) Yes it would. But until we have done the first phase I think it's too early to be publishing timescales. 5:15 PM Question from D What is the progress with MOU being made binding. Nick Lyth (CEO ) A couple of answers...first is that the MOU was for AUD30m which is way more than we would ever need. There is no way I will be taking in that amount of funding for the coal project as it would be massively dilutive to you all. Secondly, Sino and Wintask (whom I met again with last week) are very excited about the project and want to travel with me to Adelaide next month 5:16 PM Question from Tommyboy In the Times Newspaper in the week Rio were looking at and made a bid for a ozzie coal miner, do you think this commodity is finally in play again and back in vogue? Nick Lyth (CEO ) Yes, current pricing reflects that. As do FoB coal futures prices ex Oz 5:17 PM Question from jimbo96 why such a huge differential in the valuation to bfs?. It has gone from �18m to $1.5m? obviously as you say the less dilution the better! some were disappointed the mou was non binding and cash not banked but this is surely better news. Nick Lyth (CEO ) We never said that developing Westfield would require 18m. That was the amount originally committed to the UCG project. The great news is we need far less for this and as a result we all benefit 5:18 PM Question from Tommyboy You have said you will be joined in Australia with the Chinese partners Can we assume they are very much behind this Nick Lyth (CEO ) They're really excited having seen the costed exploration plan we announced this week 5:18 PM Question from Mike Nick I missed it What are the synergies? To Altona Nick Lyth (CEO ) Sorry, can you c

Nick Lyth (CEO ) Hi, this is Nick Lyth. Welcome to the Altona Q&A session. I will try to answer your questions as fully and openly as possible. Question from BurtonD What is the next real milestone for ANR ? Nick Lyth (CEO ) The next real milestone is the commencement of the initial phase of exploration. I will be in Adelaide next month to kick that off 5:02 PM Question from Fulham46 What's the likely timetable over the next six months? Nick Lyth (CEO ) Likely timescale of course depends on drill results. However, we expect to kick off the initial phase asap. Providing results are as hoped, we will move immediately onto JORC 5:03 PM Question from jimbo96 Can you explain given the recent seemingly progressive news flow the share price has tanked?. Nick Lyth (CEO ) This is a fair question to ask and a source of some frustration to us all. I think the reason is the fact that previous management have really not succeeded in the past and there is an understandable nervousness that this may continue. I intend to make sure that is not the case 5:04 PM Question from Fulham46 Why is the share price so depressed despite what seems to be positive news Nick Lyth (CEO ) Hope that's answered in the response to jimb096 5:05 PM Question from Mike Thanks for arranging this, naturally the company has been relatively active, but could you give us some idea of how things are going in a less formal environment. Rns often stifles the real sense of developments Nick Lyth (CEO ) I''m very happy with the operational delivery of the strategy. We have a clear approach, an improving team to deliver and we are commencing execution 5:06 PM Question from bhattib Some detractors have said "it is just a sunken underwater coal mine". Do you think they will be eating their words in 18/19? Nick Lyth (CEO ) yes 5:06 PM Question from Stuie62 Hi Nick, on February 1st you reported the finalisation of the MOU could not be concluded because Mr Zhang was hospitalized. The next day the MOU was signed? Mr Zhang didn't return to work until 3 weeks later, I'm confused by this? Could you provide more detail please? Nick Lyth (CEO ) Frankly, we persuaded him to sign whilst still hospitalised. It sounds worse than it actually was ! 5:07 PM Nick Lyth (CEO ) I think the most important news we have delivered is that the costs in Australia to complete the development of the asset are estimated at AUD1.5m. This means that our funding requirement is extremely small. I am very keen not to overdilute shareholders so I am not rushing to deal with this. I want cheap money and I want investors that are going to stick around for the development, not sell into any rise Question from jimbo96 Thanks. Is all the thermal coal deposit contained in Westfield or does the rest of the license area contain any potentially commercial reserves?. I see you target

Just worked out how to view, a good platform for both the BOD and holders.

Did anyone manage to capture the session? I had to leave before it ended, have just refreshed the page and have lost it all :( The only question I saw go unanswered was about the BOD increasing their holding, but all in all he sounds positive.

http://www.alics.co.uk/altonaenergy/ 9 mins to register

Hi Stalin, I'm holding over 4M which before Xmas would have bought me 3M in the ladies. Honestly didn't think this would drop this low and have been adding when I can. Like every AIM company investors talk about potential, risk v reward etc. This is no different, they have the resourse, they now have financial backing, it's a matter of proving it up quickly enough to take advantage of booming coal prices in Oz. It seems the old BOD made mistakes, underachieved, failed to secure licences and lost the trust of the market. Nick Lyth has to turn that around, which I'm sure he is fully aware of. The reason for the recent drop? People expected a quick play, it seems its a longer hold, so they left. Low free float with sellers leads to a drop, hopefully we saw the bottom at 0.3p. Good luck, and don't forget to research our major shareholders. I've been given assurances they haven't sold any shares.

Reggie, open this link http://www.alics.co.uk/altonaenergy/ You have to register. When you do it shows you a lovely countdown clock, just like the one Ctag had....... No idea how the Q&A will work, I would have thought questions would have been submitted and vetted first?