The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://af.reuters.com/article/commoditiesNews/idAFL5N22P591
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.nowiny.pl/biznes/140560-jsw-rozwaza-stworzenie-nowej-kopalni.html&xid=17259,15700023,15700124,15700126,15700149,15700168,15700173,15700186,15700191,15700201&usg=ALkJrhhSpJY3drwKgNZ9D2RqOoxMRcHcqw
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://gornictwo.wnp.pl/jsw-zabezpiecza-swoja-przyszlosc-i-tworzy-fundusz-inwestycyjny,325251_1_0_.html&xid=17259,15700021,15700124,15700126,15700149,15700168,15700173,15700186,15700190,15700201&usg=ALkJrhg2aaRW1jM-KRHYj4scVzYmQg5A6w
http://www.share-talk.com/share-news/prairie-mining-ltd-lonpdz-secures-polish-coking-coal-project/
mastro1 I agree it becomes very difficult to put a timescale on any legal proceedings and it is worth noting previous case's. My hope is the MOE backs down and it does not get dragged through the Polish courts and then (if Pdz are not successful) the European courts. II's do lose money and get things wrong but generally they come out on top lets hope that happens here. Bluke: I would be very happy if the MOE confessed to a balls up.
I do see the current situation dragging on for sometime but i don't see this dropping to the low 20's IMO any drop below 30 will bought up by Lansdowne and J P Morgan. They have both topped up recently and i can assure you they are privy to a lot more detailed information on the legalities than us PI's. Not a share for making a quick buck but LTH's will be well rewarded.
Don’t be surprised if the BFS is not released by the end of Q1. I have been patiently waiting for the BFS since its was due out by the end October 2017. However I don’t see this as bad news it will come but the SP may drop to the low 40s before pushing the £1 barrier after the BFS and JSW intensions are revealed. REUTERS JSW The EU’s biggest coking coal miner, JSW, will likely buy from Australia’s Prairie Mining a firm called Karbonia, which owns an exploration licence for Debiensko mine, Dziennik Gazeta Prawna daily reported, citing unnamed sources. https://uk.reuters.com/article/poland-factors/poland-factors-to-watch-march-22-idUKL8N1R34OE
The Management Board of Jastrzębska Spółka Węglowa SA ("JSW") informs that on 19 March 2018 a contract for the sale of coking coal ("Agreement") was concluded between Jastrzębska Spółka Węglowa SA with its registered office in Jastrzębie-Zdrój (appearing in the Agreement as, , The Seller "), and ArcelorMittal Poland SA with its registered office in Dąbrowa Górnicza and ArcelorMittal Ostrawa AS with its registered office in Ostrava (appearing in the Agreement as the" Buyer "). The contract referred to above was concluded for a period of 3 years, from 1 January 2018 to 31 December 2020 with the possibility of automatic renewal of the Agreement over 2020, annually by one year, starting from 2018, up to the end of 2027. The contract will be subject to extension for another year after agreeing a qualitative and quantitative structure if none of the parties terminates it. In the three-year term of the Agreement its estimated value will amount to PLN 4.5 billion. After 2020, the estimated annual value of the Agreement may amount to approximately PLN 1.5 billion. Based on this Agreement, I will conclude annual contracts. Their detailed price terms will be agreed on a quarterly basis. The remaining provisions of the Agreement are standard for this type of contracts.
All though today’s RNS was positive I think it gave the indication that the BFS is going to be further delayed to incorporate the new drill results IMO. Hope I am wrong.
WARSAW, Feb 9 (Reuters) - Poland’s JSW, which is the European Union’s biggest coking coal producer, is looking into a possible bond issue on the Polish market, its CFO said on Friday. It will also consider a $400-500 million issue on the international market, CFO Robert Ostrowski told reporters. “For the time being we want to check the domestic market. We will probably start the checks at the turn of February and March... on the international market the $400-500 million is a minimum which makes sense,” Ostrowski said. (Reporting by Anna Koper; Writing by Agnieszka Barteczko) https://af.reuters.com/article/commoditiesNews/idAFW8N1LB00A