Member Info for guzzler1962

I don't disagree there has been a sell on news brigade. But to call this as a P&d due to one poster is wrong. I would think most people would expect a much higher Mcap due to the confirmed financial backing of £18.5M. I've also stated here previously that this does seem to have overly excessive drops when someone sells. Low free float, this could rerate with large buys hopefully.

The opening trade was 0.71. As I said earlier, it was impossible to sell any decent amount online. Personally I'm gobsmacked this hasn't rocketed and it has nothing to do with one poster saying he expected the same.

£18.5M confirmed funding was something to get excited about, or so I thought. Impossible to get an online sell quote for any significant amount first thing. Sell orders must have been worked which had dragged us down. Company is in a better position than yesterday even though the SP doesn't reflect it. AIMO.

It's ridiculous. £18.5M more available to the company than yesterday, and the market values us at the same price?

I think Nick Lythe was very clever yesterday with that RNS. The way I took it, it was a nod and a wink to get in or to add. I added at just below 0.42. Lots of legs in this now, the company intention to prove up a resource and sell up asap. GLA

Anybody else with interactive investor? What a pile of sh##e!

Nick Lyth, CEO of Altona, commented, �I am delighted that our partners have expressed a willingness to develop the Company�s coal project. This level of funding would represent more than twice the Company�s current market capitalisation. The economics of conventional coal mining in Australia are at their strongest level for several years with a number of thermal coal mine companies, such as Whitehaven Coal, showing significantly higher share prices and exceptional profits

£18.5M confirmed by our JV. What's our current Mcap? £7.4M?

AUD$33M!!!!

My small addition shows as a sell. Will continue to add at this level as and when funds allow.

RNS out and appears that NLs trip was fruitful. Waiting on a signature for a MOU. Company heading in the right direction.

We need news, had a suspicion that we might drift without it. A few sells and down it goes. Added a small amount again this morning. Optimistic that this will rerate after an update from NL on his visit to HK and Australia.

Patiently waiting for news regarding NL trip to Hong Kong and Australia. Must be soon surely? As its been said, possible to buy below placing price, personally added yesterday at 0.48p. A decent update to attract buyers will hopefully lead to a rapid rerate. GLA

BwanaM, it's been years since I've experienced HK, read with horror recently that wan chai has now gone all trendy!

Hope he made it to Australia and didn't get waylaid in Wan Chai. Saturday night is pretty good, Sunday lunch time even better....(apparently)

Is it because the MMs don't hold a lot of stock? Very strange, hopefully if definitive news lands which will lead to sustained buying we will see a rapid rerate. GLA

Not only have posts been removed but it appears he has left the LSE building. Takes a bit more than a gang of people hitting the report button for that to happen.

Joebop, you have made your point. In fact you made it days ago but you persist in telling us this has no value or indeed has nowhere to go from here. The CEO has a meeting in Hong Kong this weekend, let's see what comes of that before the mudslinging starts shall we?

I don't mind an alternative viewpoint, if anything it makes you assess your investment. But he intimated, as he has done a number of times, that the major shareholders are selling. Unless he can offer proof then its not really something that should be posted in my opinion. That said, I didn't hit the report button.

So with Nick in Hong Kong this weekend, can we expect an update on financing soon? How much cash have they available? �35M or $35M? Let's hope discussions go well.