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I am the type who will never give them their price..
I always stick doggedly to my price without budging...
If they run away without me, so be it... I won't grab their tails... hehehe... 
keepnosecrets ( Date: 20-Sep-2009 20:43) Posted:
| Couldn't see the Q3 announcement. If the Q3 shows good results, then instead of getting 1c change, you might have to to it with 1 cent instead of getting 1 ct change. Hehe. But if Q3 is bad, then maybe you get 2 ct change with your 5 cts. |
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| Abterra |
General Nice Resources |
15 Sept |
10,900,000 |
5 cts |
2.1 billion (40.48%) |
dealer0168 ( Date: 20-Sep-2009 21:00) Posted:
Insider buying news:
*****
Coking coal operations in Shanxi province in China. Photo by Andrew van Buren
Abterra: It has a parent called General Nice Resources, which has periodically been buying its shares while the market seems lukewarm towards it.
Abterra’s business model is in the midst of transformation. From being a trader of commodities, it has also become an owner of mines, particularly coking coal mines in China (see table below).
Lately, it has acquired an iron ore processing facility in Indonesia, taking over have some long term contracts with mine owners that will supply them with iron ore.
The iron ore supply is of a low grade which Abterra will process and increase its iron content before selling it off.
| Assets acquired |
Abterra’s stake |
Acquisition date |
Consideration |
| Zuoquan Yongxing Coal Co. (coking coal mine) |
15% |
Aug 2007 |
RMB45.75 m |
| Shanxi Taixing Jiaozhong (coking coal mine) |
49% |
May 2009 |
RMB188 m |
| Shanxi Lingshi Fuyuan Coal (coking coal mine) |
30.6% |
Aug 2009 |
RMB234.8 m |
| (Unnamed iron ore processing facility, Indonesia) |
100% |
Aug 2009 |
US$7.3 m |
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Insider buying news:
*****
Coking coal operations in Shanxi province in China. Photo by Andrew van Buren
Abterra: It has a parent called General Nice Resources, which has periodically been buying its shares while the market seems lukewarm towards it.
Abterra’s business model is in the midst of transformation. From being a trader of commodities, it has also become an owner of mines, particularly coking coal mines in China (see table below).
Lately, it has acquired an iron ore processing facility in Indonesia, taking over have some long term contracts with mine owners that will supply them with iron ore.
The iron ore supply is of a low grade which Abterra will process and increase its iron content before selling it off.
| Assets acquired |
Abterra’s stake |
Acquisition date |
Consideration |
| Zuoquan Yongxing Coal Co. (coking coal mine) |
15% |
Aug 2007 |
RMB45.75 m |
| Shanxi Taixing Jiaozhong (coking coal mine) |
49% |
May 2009 |
RMB188 m |
| Shanxi Lingshi Fuyuan Coal (coking coal mine) |
30.6% |
Aug 2009 |
RMB234.8 m |
| (Unnamed iron ore processing facility, Indonesia) |
100% |
Aug 2009 |
US$7.3 m |
Couldn't see the Q3 announcement. If the Q3 shows good results, then instead of getting 1c change, you might have to to it with 1 cent instead of getting 1 ct change. Hehe. But if Q3 is bad, then maybe you get 2 ct change with your 5 cts.
I am waiting to buy with it for .04...
That's why I will give my 1c change, since the price is now still 5c... get it? ... hehehe...
bennykusman ( Date: 20-Sep-2009 11:59) Posted:
u mean u bought at 1c ?
iPunter ( Date: 20-Sep-2009 11:56) Posted:
| I am still waiting for it with my 1c change in my hand... hehehe...
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u mean u bought at 1c ?
iPunter ( Date: 20-Sep-2009 11:56) Posted:
I am still waiting for it with my 1c change in my hand... hehehe...
bennykusman ( Date: 20-Sep-2009 11:42) Posted:
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General Nice increase its stake in Abterra in the same time the Abterra 2Q result fell sharply |
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I am still waiting for it with my
1c change in my hand... hehehe...
bennykusman ( Date: 20-Sep-2009 11:42) Posted:
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General Nice increase its stake in Abterra in the same time the Abterra 2Q result fell sharply |
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General Nice increase its stake in Abterra in the same time the Abterra 2Q result fell sharply
No lar... what expert?
No one likes to listen to me... because I am always asking them
not to play shares... hehehe...
This counter looks like it's showing an inverted saucer...
like a few other penny counters too... this is unusual in a bull market!...
Yes your one of the experts that should be on the list too :)
iPunter ( Date: 18-Sep-2009 22:44) Posted:
Hahaha...
So many experts...
I just hope I can get mine @ 4c...
I have my 1c coin ready waiting to give as change to those who sold to me... hehehe...
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Hahaha...
So many experts...
I just hope I can get mine @
4c...
I have my 1c coin ready waiting to give as change to those who sold to me... hehehe...
Hi, in fact, beside the 3 expertises you mentioned, I got two more expertises to add in : one is you (riskertaker) & the other one is dealer0168.
risktaker ( Date: 18-Sep-2009 21:37) Posted:
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Really over half of the guys here have no ideas about shares, you guys jump into it just because someone just started to speculate. Please bloody hell do some research on the net.
So far these 3 guys here caught my attention (You can believe 60% of what they say).
Bintang
Teeth53
Richtan
risktaker ( Date: 18-Sep-2009 21:15) Posted:
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Those resources company that went up today are those that have been doing mining for a while and they can sell their ore because ore price has surge since last year. But Abterra has no mines until recently, they are bloodly new.
The answer will come out during Q3 report. We have to see solid evidence that Abterra can or will make Money from this newly acquire ore mine, if not You will see abterra trading very soon within 0.03-0.04 Range.
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Abterra, if want fast money forget abt it. Needs patience that will pay off.
Its FA is not bad. But this year they commit too much to invest.
But future prospect will be good.
Really over half of the guys here have no ideas about shares, you guys jump into it just because someone just started to speculate. Please bloody hell do some research on the net.
So far these 3 guys here caught my attention (You can believe 60% of what they say).
Bintang
Teeth53
Richtan
risktaker ( Date: 18-Sep-2009 21:15) Posted:
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Those resources company that went up today are those that have been doing mining for a while and they can sell their ore because ore price has surge since last year. But Abterra has no mines until recently, they are bloodly new.
The answer will come out during Q3 report. We have to see solid evidence that Abterra can or will make Money from this newly acquire ore mine, if not You will see abterra trading very soon within 0.03-0.04 Range.
bennykusman ( Date: 18-Sep-2009 17:52) Posted:
| how do you differentiate between established and not ?
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Internal dealing increases, so there is some value in it otherwise the boss wont buy.
Those resources company that went up today are those that have been doing mining for a while and they can sell their ore because ore price has surge since last year. But Abterra has no mines until recently, they are bloodly new.
The answer will come out during Q3 report. We have to see solid evidence that Abterra can or will make Money from this newly acquire ore mine, if not You will see abterra trading very soon within 0.03-0.04 Range.
bennykusman ( Date: 18-Sep-2009 17:52) Posted:
how do you differentiate between established and not ?
risktaker ( Date: 18-Sep-2009 13:34) Posted:
| You have to repharse that all Established one i guess :) Like i say Wait till Nov 2009. This stock is on down trend for now |
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Today one or more persons got it @
.045...
But there's no change for them since there's no 1/2c coin in use...
But those who can get @
.04 will be sure to get the 1c coin in change... hehehe...
how do you differentiate between established and not ?
risktaker ( Date: 18-Sep-2009 13:34) Posted:
You have to repharse that all Established one i guess :) Like i say Wait till Nov 2009. This stock is on down trend for now.
bennykusman ( Date: 18-Sep-2009 09:33) Posted:
| all chinese coal stock UP today... just saw in bloomberg..
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You have to repharse that all Established one i guess :) Like i say Wait till Nov 2009. This stock is on down trend for now.
bennykusman ( Date: 18-Sep-2009 09:33) Posted:
all chinese coal stock UP today... just saw in bloomberg..
bennykusman ( Date: 18-Sep-2009 09:30) Posted:
| result shud be out after 5pm right ?
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There's still hope to get back the 1c change from your 5c ...
But maybe only a small handful will get the change....
