Member Info for reggie72

yep we are now entering the drilling season for boil over q2/3 and 4. multiple wells across 3 licesne areas, all fully funded, await farmout deal on xxi soon also if the ceo's trip paid off! Sundagas could also come any time as political.

Interesting the Chinese partners are making the effort to travel to Australia with the CEO shortly.

good luck mate. you are buying 20% below the directors recent buys.april busy month for altona.

most long termers have an average of around 3-5p I would guess, it hit 21p back in the day!.

you got the wrong person, I didn't put any comparisons out there. they have also acquired 75% of 356m tonnes not the full resource so have paid $200m for 267m tonnes, undeveloped.

plenty of activity in the sector. http://www.mining.com/glencore-snatches-rios-australian-coal-mine-1-7bn-deal

as the CEO says 100m tonnes will make Altona a big company. Starting from a �5m mkt cap business.

$200m for a 75% interest - undeveloped mine.

100m would give them 5m tonne production for 20 years - thermal coal currently $128 per tonne - do the math!

it needs to double just to get it back to where it was a few weeks ago!. the big news is the minimal cash to get it to bfs stage to sell �840k is peanuts especially when you have Chinese partners who were prepared to put in $33m. but as we know that is not needed but Chinese still there. geologist states possible 150m tonnes but 100m more than enough.

like the way the options are set up, basically if you deliver you get rewarded and we aint going to pay you stupid money to come up with f all for years on end. a lesson for aim or indeed the anr of old!.

no idea. but he said it in q&a

so what are these big plans for altona he mentions that he can't discuss?

you better fill your boots then rigger, like the ceo money where mouth is etc!

get the impression the news flow will be picking up in the weeks ahead going on that.

need to see some big buys - fallen from 0.75p in recent weeks!

seriously ******* hate that saying!!!!!!!. possibly but early days though hence carp sp!

chart looks terrible, hopefully stay in double digits?

the more derisked the asset gets the more interest will be in q&a sesions!

cheers guzz.........wonder what his 'big plans' are??