back to the anr corruption there has been about 10m buys in last few hours and what do the mm's do they lower the bid. mmmmm we know you know and is it …………….'al
so this technology forecast 30-40m euros for Spain alone?, then you need to add in the potential for Australian assets which they said could be used here for thermal coal conversion we could be talking very decent numbers on revenue.
Especially for a 5m mkt cap company!.
(where did I read the 30-40m?)
really surprised this is still not pushing the previous highs of 0.75p given progress on arckaringa and the new deal potential. I guess many are waiting to see if the deal completes and what the terms are. even still you can buy below the 0.5p makr.
heavy buying to 0.5p just a few days back, that's aim. if they get this deal then 1p+ would be good, if they have 100m tonnes of commercial thermal then we are talking blue sky potential with prices at 6yr highs.
if ANR get this new deal and forecasts are true that it would generate 30-40m euros pa then this would be a game changer for this business or 'transformational' as the ceo puts it, a nice slice of that please!. Add to that drilling shortly for 100m tonnes plus of premium thermal coal at six year highs/ over $100p/t with demand growing globally then this company could be worth a few quid one day. Directors need north of 2.5p to get their significant options reward.
Mkt cap 5m.
oversubscribed 0.5p placing with directors buying in and this was without the potential of this new deal which the ceo describes as 'transformational' to altona.
well upl have just diluted a load to fund the Wick drill. boil have all drilling costs covered for all wells coming up this year and zero dilution needed. still a strong cash position after also and no debt. a strong position compared to many on aim.
yes walked back down on bugger all volume again. bid needs a 50% gain just to get it back to where it was a few days ago! do you think those mm's know something pmsl. all eyes on the deal!!!!
think we also need to look at the bigger picture here in regard to their Australian assets you will read in the rns how this technology can be used for thermal coal conversion!.