Member Info for panman

I sent Bens an email over the metcoal price and our general inability to find it and they've very kindly agreed to try to update this site daily so we can all check for ourselves.

Price is very top of page.

https://www.coalminingusa.com/index.html

Very good start imo.

metcoal A $292.5

metcoal B $245

Don't seem to have aprice for bens coal at the mo but met coal still under pressure supplywise apparently...

"High demand from consumers in India and the Asia-Pacific, along with tight supply, are pushing Australian HCC metallurgical coal prices above 365 USD/t. Some market participants note that delays in shipments reach 30-50 days as vessels queues increase at the Australian port of DBCT.

Quotations are also supported by growing prices in China, where inspections at mines over accidents raised fears of supply cuts."

https://thecoalhub.com/world-coal-market-brief-overview-97.html

In all seriousness it could well be the gates foundation. They're as good a candidate as any to give a grant for developing IQAI's AI further.

Know that between the upcoming grant application and the possible $100M voucher I've stopped trading this £7.5M capped stock and am just holding it tightly in the don't be a loon and sell section of my portfolio.

Agreed re the RNS's. Adam also wrote on the 13th they'd just finished a project to change the power source on one of the HWM's. If it wasn't the one that was reported damaged then its quite possible both were offline for the first 11 days of the month.

As you say though hard to work out and glad they've committed to quarterly production updates to make it easier on investors to judge actual results.

"After a period of reduced production, primarily as a result of damage to highwall miner 81 following a mining incident"

"The 71HWM was in double shifts all month (total 52 shifts). The 81HWM mined first 11/30 days in single shift at which point it ramped up to double according to RNS (total 44 shifts) "

Not sure you're reading that right pen.

From my take of the RNS one HWM was working a double shift for half the month whereas the other was offline completely for half the month and working a single shift the other half. ie..

"despite only having the two Highwall Miners ("HWMs") in production, one of which was on double shift, for around half of the month. "

Seems to be saying both were offline for half the month with one then working a double shift for the last half and the other a single shift?

My view seems somewhat backed up by the July statement..

"In July 2023 we also suffered a period with no HWM production" as the use of the word "also" implies it wasn't the only time they had no HWM production in the Q?

How would that effect your no's re full production going forwards?

I'm coming out with $12,712,500 for your 56.5Kt's pen? Kept checking to see if I had the decimal point in the wrong place as it seemed too much.

Agree it would be good to know for sure and 77Kt's would be better so give them hell at the agm but dang, happier with those no's than I expected to be.

Every $9 lift in metcoal gives them a $5M lift in monthly revenue. Can live with that for today.

Doesn't even seem logical to discuss selling at 8p now after the voucher news imo. If they're tradeable and give advantage to larger U.S. pharma's as indicated in the RNS then potential suiters should start to line up at IQAI's door once it becomes apparent they're on the road to being successful with their application.

$100M divided by 182M shares gives around 55c/share just for the voucher never mind the rest of their tech.

Just to add the caveat that if Adams reading the board here an RNS confirming 77Ktonnes/month would be quite welcome and might even change sentiment a bit.

Over 55 euro's for gas and as said already not even cold yet in Europe.

Doing ok in Spain too. electric still quite a way above the 100 euro average from last Q and with a series of higher lows on the chart looks like it may want to join gas in its rise too.

https://tradingeconomics.com/spain/electricity-price

These haven't actually been out for two years looking at charts. 18th Oct at 10p so ignoring the trip to £1 and back they've given a 35% return in nearly two years.

Be nice to make 20p by the two year anniversary for a doubler then.

Just to say not sure about others but I'm not invested for dividends. I'm here for capital gains via the shareprice rising on the back of the issues they've had as a start up abating as the met coal price recovers from recent lows.

Apologies but such a glaring error in the header have reposted.

India's had a 50% surge in prices for Australian metcoal. They're said to be looking to Russia and the US for supplies now (see link below) but won't be getting coal too cheap from Russia now. As well as the new higher taxes the Russian producers also have to cope with rail transport having become very much more expensive due to rising tariff.

https://www.reuters.com/markets/commodities/indian-steel-firms-plan-price-rises-coking-coal-costs-surge-2023-10-06/

https://thecoalhub.com/rzd-tariffs-to-rise-by-more-than-10-in-2024.html

Things looking good for the US producers imho.

India's had a 50% surge in prices for australian metcoal. They're said to be looking to Russia and the US for supplies now (see link below) but won't be getting coal too cheap from Russia now. As well as the new higher taxes the Russian producers also have to cope with rail transport having become very much more expensive due to rising tariff.

https://www.reuters.com/markets/commodities/indian-steel-firms-plan-price-rises-coking-coal-costs-surge-2023-10-06/

https://thecoalhub.com/rzd-tariffs-to-rise-by-more-than-10-in-2024.html

Things looking good for the US producers imho.

Russian coal miners are in trouble and looks like markets may be losing some production soon as tax issues force them to close.

Duties on Russian coal exports to be introduced from October 01, 2023...

https://thecoalhub.com/duties-on-russian-coal-exports-to-be-introduced-from-october-01-2023.html

Ignoring the politics it seems winter is approaching and quite likely will be harsh enough for high gas prices..

https://electroverse.info/temperature-crash-for-europe-climate-models-wrong-on-east-pacific-we-dont-know-why-this-cooling-is-happening/

This is quite interesting if you need to fill 5 minutes.

https://www.iea.org/news/global-coal-demand-set-to-remain-at-record-levels-in-2023

There's no evidence or reason to suggest "they will raise" that just shows emotional bias.

Pretty sure these issued their CLN's mostly at market prices or at a premium so no holders of the day lost out they gained which shows (to me) how they intend to treat holders in the future.

After that the gas price shot up to ludicrous levels and these justifiably took of with it.

Down now due to the drop in price of gas, delays in getting into production and lack of updates from Po on what production levels currently are.

Holding myself waiting on Po and/or a rise in the gas price leading into Winter which I believe will happen but is no guarantee it will.

Its definitely you ray you're the fool.

No ones hanging onto any ones words not his or yours.

These have developed a couple of decent revenue streams so far, are waiting on permits next year to up production considerably and are busy saving the cash they're currently generating to be able to drill without raising extra funds to do so.

Plainly obvious they'll rise and fall with the gas price and sentiment towards it's future direction only real surprise is you seem to need it spelt out to you like this.

Found the US distributors website.

They only have two specialties by the looks of things, the M2G and UV systems.

Looking around their site a few big customers so good op for SNT to grow sales imo.

Happy holding even with the lacklustre response from the market so far.

https://www.greffensys.com