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Don't worry about this consolidation thing. As long as the coy is doing perfectly well, we welcome anyone who wants to short it and lose money.
Shorts have big funds to short the market, no doubt. The new shares will offer them plenty of room and money to make by shorting But they won't dare to short Abterra as their risk will be high because the counter is improving and doing well. Furthermore, there is no difference in the new NTA and the old NTA since it will be adjusted after the consolidation.
The only question is whether is it easy for Abterra to go above $2.75 (pre consol rights of 11 Cts)?
If the mines and the resources continue to give strong profitability, then there will be a big rush for the stocks. So I told myself not to worry, and on top of it to buy some more now and after consolidation as there is good chance here to profit with the company.
CEO Lau..........speech at EGM......
..Click to read....................also this one....
...clickagain
this one hor.......will run one.....but must wait for share to consolidate first.......after consolidation .....NAV 121.25 per share............$0.0485 x 25...base on latest annual report......................(now to heavy to run......5billion share...hehehehe..........must slim down a bit......200plus million.....share...than can run like mr. bolt liao........hehehee)
Laulan ( Date: 18-Aug-2010 12:28) Posted:
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Hey, with the following news, Abterrra should be more than what price it is now trading in, unexplanable. I just buy lah...
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MEDIA RELEASE – FOR IMMEDIATE RELEASE
Abterra to benefit from rising coking coal prices
Singapore and Hong Kong, 30 June 2009
In a Reuters article
Mr Gerard McCloskey of the McCloskey Group during a coal industry conference said, "We have just heard of a spot sale from Australia to China of USD 132 per tonne which is over the benchmark price of USD 129.”
McCloskey said that paying that price shows that China is really serious and underlines their real need and the lack of availability of coking coal in China. He said: "Their steel market is going like the clappers (vigorously) and they're importing a lot more iron ore in the last two months. If it carries on, it's overwhelmingly significant,” adding it would transform the whole coking coal market.”
He added, "China is going to be a major buyer through the year and maybe indefinitely, they seem to have closed up quite a lot of production.”
Responding to this news, Mr Lau Yu, CEO of Abterra said, “We are pleased to learn about this latest news. The Group has always been positive on China’s resources industry. We are targeting to increase our Jiao Zhong Coal Mine’s annual production capacity to 900,000 tons by 2011 in anticipation of the increasing demand for the coking coal.”
Mr Lau added, “We have set ambitious targets and have the resources to deliver on those targets. The target of the Group is to continue to make strategic acquisitions of coking coal mines to grow our production capacity to 5 million tonnes per annum in the next 2-3 years.”
---- The End ---
Reuters reported that China paid for a shipment of coking coal at a price higher than the benchmark price, which could transform the global market for the key steel-making ingredient Group to increase production capacity of its Jiao Zhong coal mine to 900,000 tons by 2011 to cater to the anticipated demand – Abterra Ltd., (“Abterra”, or the “Group”), an emerging supply chain manager of resources and minerals in Asia Pacific, is likely to benefit from rising coking coal prices.1 dated 28 June 2009, it was reported that China's steel production is soaring way over estimates and the country has paid for a shipment of coking coal at a price higher than the benchmark price, which could transform the global market for the key steelmaking ingredient.
if you can hold for long it will be good.
They can hit their potential maybe by 2011, when they increase their coal mining.
Laulan ( Date: 06-Jul-2009 20:27) Posted:
| Abterra recently annouced its intention to increase coal production in China. Heard news on ChannelNewsasia. If true, then this is good for longer term capital appreciation. Cheers. |
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Abterra recently annouced its intention to increase coal production in China. Heard news on ChannelNewsasia. If true, then this is good for longer term capital appreciation. Cheers.
World Bank Rises Growth for China to 7.2% from previously forecast 6.5%
The stimulus that are about to took effects will drive resources up as more projects are being approved from the stimulus package.
1) When economy Rebounce ---- First recovery is always the Raw Resources sector.
HUAT ah.
It will have its turn. Relax :) I queue tons of lots at 0.055 but didnt get any T.T
Abterra already 'cheonged'
so much since 3 months ago...
strait asia have gone up a lot but not for abterra
good news came but prices have not raise much . noble has jump up a lot
Quarter 2 Profit expect to rise :)
weird.. it takes quite some time for the mkt to react to such gd news though.. Retail in China was reported up a few days ago but S-chip stocks such as CHHX, China Sports and Eratat did not go up.. yet..
Hmm.. guess it'll take a while.. but still, i'm vested here..
newtothis ( Date: 17-Jun-2009 15:35) Posted:
Join in & Huat together ! |
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Parent group has been in major coal belt, Shanxi, for about 20 years, says CEO Jaffe Lau. Photo by Sim Kih
THE COAL RESERVES of iron and coal trader Shanxi Taixing Jiaozhong Coal Industry Co have been revalued to be six times that of previous estimates.
Proven reserves - that is, estimated coal deposits likely to be mined - were revalued to 61.4 million tons this month by Shanxi Coal Geological Assessment Institute.
That's much higher than the 10.2 million tons previously estimated when Abterra inked an agreement to acquire a 49% stake in the mine in 2007.
”Coal mining activities will positively impact FY09 earnings,” said Abterra’s CEO, Jaffe Lau, at a Financial PR road show last week.
A shrinking supply keeps coal prices high - China shut down 12,209 coalmines in 2008, causing its annual production capacity to be reduced by 300 million metric tons.
”The value of our coking coal is much higher than thermal coal”, clarified Jaffe. ”Coking coal in China is valued at 3 times that of thermal coal.”
The company’s strategy is to transform from a coal and iron ore trading business to an integrated supply chain providing raw materials to the steel sector, and its plan includes mine ownership.
So far, it has been showing a penchant for picking up mine operators at bargain prices.
The acquisition of Taixing Jiaozhong, completed on 29 May, was a bargain at Rmb 188 million, considering that mines with similar reserves in Shanxi are asking for as much as Rmb 3 billion.
Its first coal mine (15%-owned Zuoquan Yongxing) had capacity of Rmb 300 million metric tons a year at the time of acquisition in mid 2007.
The good news is: Yongxing's licensed capacity will be increased to Rmb 900 million tons by 2011 and will further increase to Rmb 1.5 billion thereafter.
However, this investment in the associate is still recorded on Abterra’s books at cost of Rmb 60 million
Join in & Huat together !
Wow u sound so convincing on this baby. Haha.
Ok lah, let me check out more on this baby tonight. N see if tomorrow should go in a not.
newtothis ( Date: 16-Jun-2009 21:55) Posted:
This share is not for everyone. But trust me :) If you follow you will WIN BIG :P
dealer0168 ( Date: 16-Jun-2009 20:59) Posted:
Actually this one to me is a super penny stock. In recession time to my view, the risk of investing in them is great.
To invest in them, to my view is just like a gamble.
Thumb up to those that keep accumulating. They are the brave one. |
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Share that move slowly is healthy gain and can sustain its price. Just compare the recent sell down. It didnt affect this share much.
If you read the recent LianHe Zao Bao. The HK company SWAP 200++ million share at $0.12 cents sg dollar per share.
Lets Huat together :)
freeme ( Date: 16-Jun-2009 21:58) Posted:
| I bought at 0.55 n sold on 0.65 earlier after it stuck for sometime n didnt move. Personally, i feel coal is very in demand in china. Worth a look at it. But shares price will move really very slow.. duno why..
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I bought at 0.55 n sold on 0.65 earlier after it stuck for sometime n didnt move. Personally, i feel coal is very in demand in china. Worth a look at it. But shares price will move really very slow.. duno why..
