Member Info for reggie72

know the Arckaringa region well joebop?

Thanks Christian. All makes sense now.

Nick Lyth, CEO Altona, commented, "I am delighted that we have identified an area within our tenements that appear to contain significant quantities of coal at an 80m depth with manageable groundwater" "This represents a major step forward for Altona" (you seemed to have conveniently missed that part yasx lol)

from rns. 'The report was conducted by Runge Pincock Minarco Global (RPM) who are a specialist professional mining consultant with previous history of the Arckaringa Exploration licenses'. Think they would know what they are talking about.

chill out sunlituplands I am only reading the rns jeez! ok lets go for 100m tonnes bottom line conservative of coal still substantial vs mkt cap and coal prices.

yeah, you would have thought they put out a negative rns with that. 800m tonnes of coal across just across the Westfield area!. Coal prices bullish $100 and it is 0.5p.

Phil Sutherland has a strong mining & energy background and worked for the Aus government, might want to look at the cv!

still well below the 35p placing, drilling soon

very profitable then at $100 coal prices or anything above $50/60

well I don't think we could have hoped for a better rns. commerciality draws closer and this derisks it further. 800m tonnes of coal in this small part of the license area. coal prices $100 is a major catalyst to get this moving. More news to follow as highlighted in the RNS.

Very encouraging!. 800m tonnes in just this section of the license with a possible 7.8bn tonnes across the whole area. One of the largest in the world, coal prices around $100 per tonne, some mindboggling figures here!. January meetings in Aus so expect more news in the coming weeks.

can't buy any online at 0.6p?

it was nearly 10x that figure previously 21.5p but crippled by delays. things seem to be moving forward now finally so fingers crossed.

coal prices very bullish pushing $100 again, not bad when you are sitting on one of the worlds largest coal resources! demand in Australia also strong and is urgent in this region for energy.

Directors options only kick in at 2.5p just issued. Good incentive to work hard.

buy side limits online?

amazing how short term peeps are. the SG project looks excellent with a gas find on it.

maybe a deal is done?

like friday it is hard to buy volume online again. exciting times with cash in place (and no dilution!).

and zero debt!