WESTERN COAL Kohleaktie mit viel Potential - 500 Beiträge pro Seite (Seite 10)
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Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
---|---|---|---|---|---|---|---|
1. | 1. | 18.105,63 | +0,56 | 191 | |||
2. | 6. | 7,5750 | -9,82 | 82 | |||
3. | Neu! | 22,550 | -16,57 | 58 | |||
4. | 4. | 174,20 | +4,78 | 48 | |||
5. | Neu! | 5,3760 | +1,63 | 40 | |||
6. | 44. | 488,20 | +1,92 | 38 | |||
7. | 15. | 10,700 | +2,88 | 38 | |||
8. | 2. | 0,1850 | -0,27 | 37 |
RT: 1,44 CAD ![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
Die 1,29 CAD schienen mir günstig.![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
LG
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Die 1,29 CAD schienen mir günstig.
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
LG
Antwort auf Beitrag Nr.: 37.146.056 von bolst am 11.05.09 17:24:12Glückwunsch ![:)](//img.wallstreet-online.de/smilies/smile.gif)
warste ja auch sehr mutig!
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
warste ja auch sehr mutig!
Antwort auf Beitrag Nr.: 37.145.167 von oddl84 am 11.05.09 16:00:45Habe den Langfristchart als Desktophintergrund.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.146.080 von Public_Relations am 11.05.09 17:25:56du ja auch.hatte mit nem dip unter die 1,30 gerechnet.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.146.124 von bolst am 11.05.09 17:29:46Und ich dachte vorhin nur, hoffentlich rauschen wir nicht glatt durch. Aber dann war der Ölpreis nicht weiter abgesackt und da war ich mir ziemlich sicher, dass was zu holen ist. Das war aber schon ziemlich gewagt.
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
Dachte so von 1,29 CAD auf 1,47 CAD als Ziel für die Woche. Habe immer nur Bedenken wegen der großen Korrektur, die nun alle wieder sehen. Gestern Update von der Dt. Bank gelesen. Naja, deswg. Langfristposi schwierig z.Z. ![:look:](//img.wallstreet-online.de/smilies/look.gif)
LG
![:look:](http://img.wallstreet-online.de/smilies/look.gif)
LG
Ich staune aber doch, weil andere Kohlewerte auf meiner watch nicht zu dem Zeitpunkt anzogen, im Gegenteil. Sonst meistens Gleichschritt...
Antwort auf Beitrag Nr.: 37.146.236 von Public_Relations am 11.05.09 17:39:38hab nen bericht gesehen,wonach die meisten der großen auf diese warten.sagt mir,das es genau anders kommt als die es sich erhoffen.
sonst wären wir heute noch stärker abgerutscht-nach der meldung über die manipulation.
die shorts sind derzeit mit rund 10% im minus und nutzen nur jede gelegenheit um positionen glatt zu stellen.
ich denke,das der dax über die 5000 geht und der dow über die 9000.
danach bin ich allerdings auch erstmal raus.
sonst wären wir heute noch stärker abgerutscht-nach der meldung über die manipulation.
die shorts sind derzeit mit rund 10% im minus und nutzen nur jede gelegenheit um positionen glatt zu stellen.
ich denke,das der dax über die 5000 geht und der dow über die 9000.
danach bin ich allerdings auch erstmal raus.
Antwort auf Beitrag Nr.: 37.146.316 von bolst am 11.05.09 17:47:00Sehe das ähnlich wie du. Bestimmt werden die Indizes bis Ende Mai oder noch länger ganz gut laufen, aber dass danach nochmals alte Tiefs getestet werden, halte ich auch für sehr realistisch, zumal die nächsten Problem ja schon vor der Tür stehen: Staatsverschuldungen, Anleihenblase, Inflationsängste.
Ich für meinen Teil habe mit einem Teil meiner letzten Gewinne ein paar Krügerrands, MapleLeafs und WienerPhilharmonkaMünzen gekauft, denn man weiß ja nie was kommt...
Ich für meinen Teil habe mit einem Teil meiner letzten Gewinne ein paar Krügerrands, MapleLeafs und WienerPhilharmonkaMünzen gekauft, denn man weiß ja nie was kommt...
Antwort auf Beitrag Nr.: 37.146.402 von oddl84 am 11.05.09 17:54:47ich kann münzen nicht leiden.lieber die etwas größeren barren.aber nicht wegen dem markt sondern wegen der zu erwartenden geldentwertung.für die märkte suche ich mir noch die entsprechenden produkte.
eins hab ich schon einmal.us kürzel faz
eins hab ich schon einmal.us kürzel faz
Antwort auf Beitrag Nr.: 37.146.316 von bolst am 11.05.09 17:47:00in diesem posting stimme ich dir zu 100 prozent vollständig zu, vom anfang bis zum ende des beitrags.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.146.402 von oddl84 am 11.05.09 17:54:47sehr schön gedacht...
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Public,werde nicht größen Wahnsinnig,den das hast du nicht nötig.........!!!!
Winnigs, steigt und fällt, auch ohne dich und deine super Postings..
Hab heute nachgekauft ,bin jetzt bei 55000 Stücke..
Winnigs, steigt und fällt, auch ohne dich und deine super Postings..
Hab heute nachgekauft ,bin jetzt bei 55000 Stücke..
Mir geht es wie euch, die 5200 dax maximal, dann gehts abwärts. Ich orientiere mich da an der letzten großen Aktienkrise.
Aktientechnisch bin ich neben der Tradingposi hier jetzt in einem (dem) Biogaswert (überhaupt), der praktisch völlig unbeeinflusst im Kurs, die Krise durchlebt hat. Name darf ich nicht sagen, sonst wird xx, der ja leider verkauft hat
,wieder so vulgär.
Also da setzte ich auf absolute Sicherheit, da die Firma noch 9 von 10 Mio. für ein aktuelles Aktienrückkaufprogr. offen hat. Ja, ähm also, das + kleine Tradingposi und 50 Prozent Cash. So schauts aus. Habe zwar auch 2 Neuentdeckungen
aber die kann ich nicht nennen, solange ich da nicht auch drin bin, ist ja logo.
Und wie gesagt, das Damoklesschwert schwebt über den Gewinnen der letzten Wochen und ich weiß nur allzu gut wie fix die wieder dahin sein können.![:rolleyes:](//img.wallstreet-online.de/smilies/rolleyes.gif)
Also viele Grüße @ all
Public
Aktientechnisch bin ich neben der Tradingposi hier jetzt in einem (dem) Biogaswert (überhaupt), der praktisch völlig unbeeinflusst im Kurs, die Krise durchlebt hat. Name darf ich nicht sagen, sonst wird xx, der ja leider verkauft hat
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
Also da setzte ich auf absolute Sicherheit, da die Firma noch 9 von 10 Mio. für ein aktuelles Aktienrückkaufprogr. offen hat. Ja, ähm also, das + kleine Tradingposi und 50 Prozent Cash. So schauts aus. Habe zwar auch 2 Neuentdeckungen
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Und wie gesagt, das Damoklesschwert schwebt über den Gewinnen der letzten Wochen und ich weiß nur allzu gut wie fix die wieder dahin sein können.
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Also viele Grüße @ all
Public
Antwort auf Beitrag Nr.: 37.146.455 von bolst am 11.05.09 17:58:39Ja eben, denke dran, Gold = in USD gehandelt.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.146.573 von Public_Relations am 11.05.09 18:09:36nicht mehr lange,wenn die weltwährung kommt.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
So ich muss mal wieder was produktives tun!
Also ich wünsche uns allen weiter viel Erfolg und schaue wie gewohnt rein, wenns passt.
Übrigens findet ihr in letzter Zeit kaum noch News zu Kohle und der Konkurrenz, oder ihr seid zu faul es einzustellen.![;)](//img.wallstreet-online.de/smilies/wink.gif)
Ich kann leider auf Arbeit nicht allzu viel Kohle in die PC-Tastatur eingeben. Meine Suchbegriffe sind eher polykristallines Silizium.
Also ich wünsche uns allen weiter viel Erfolg und schaue wie gewohnt rein, wenns passt.
Übrigens findet ihr in letzter Zeit kaum noch News zu Kohle und der Konkurrenz, oder ihr seid zu faul es einzustellen.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Ich kann leider auf Arbeit nicht allzu viel Kohle in die PC-Tastatur eingeben. Meine Suchbegriffe sind eher polykristallines Silizium.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.146.731 von Public_Relations am 11.05.09 18:23:24jo tschüß.man liest sich.
Antwort auf Beitrag Nr.: 37.146.688 von bolst am 11.05.09 18:19:42ja der amero kommt ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
bis die tage...
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
bis die tage...
Antwort auf Beitrag Nr.: 37.146.688 von bolst am 11.05.09 18:19:42achso, ja, weltwährung.... ![:look:](//img.wallstreet-online.de/smilies/look.gif)
wie könnte die heißen
![:look:](http://img.wallstreet-online.de/smilies/look.gif)
wie könnte die heißen
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.146.823 von Public_Relations am 11.05.09 18:31:52amero ist schon einmal nen guter ansatz.ich denk,das aber viele weltwirtschaften da etwas dagegen haben.vorallem die chinesen.
globo oder univers
globo oder univers
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
so leut´s wenigstens im plus geschlossen.
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
China Outpaces U.S. in Cleaner Coal-Fired Plants
Doug Kanter for The New York Times
A poster announces a power plant to be built in Tianjin, China.
Published: May 10, 2009
TIANJIN, China — China’s frenetic construction of coal-fired power plants has raised worries around the world about the effect on climate change. China now uses more coal than the United States, Europe and Japan combined, making it the world’s largest emitter of gases that are warming the planet.
Doug Kanter for The New York Times
The Tianjin plant will be constructed in what is now a muddy field.
Readers' Comments
Readers shared their thoughts on this article.
Read All Comments (44) »But largely missing in the hand-wringing is this: China has emerged in the past two years as the world’s leading builder of more efficient, less polluting coal power plants, mastering the technology and driving down the cost.
While the United States is still debating whether to build a more efficient kind of coal-fired power plant that uses extremely hot steam, China has begun building such plants at a rate of one a month.
Construction has stalled in the United States on a new generation of low-pollution power plants that turn coal into a gas before burning it, although Energy Secretary Steven Chu said Thursday that the Obama administration might revive one power plant of this type. But China has already approved equipment purchases for just such a power plant, to be assembled soon in a muddy field here in Tianjin.
“The steps they’ve taken are probably as fast and as serious as anywhere in power-generation history,” said Hal Harvey, president of ClimateWorks, a group in San Francisco that helps finance projects to limit global warming.
Western countries continue to rely heavily on coal-fired power plants built decades ago with outdated, inefficient technology that burn a lot of coal and emit considerable amounts of carbon dioxide. China has begun requiring power companies to retire an older, more polluting power plant for each new one they build.
Cao Peixi, the president of the China Huaneng Group, the country’s biggest state-owned electric utility and the majority partner in the joint venture building the Tianjin plant, said his company was committed to the project even though it would cost more than conventional plants.
“We shouldn’t look at this project from a purely financial perspective,” he said. “It represents the future.”
Without doubt, China’s coal-fired power sector still has many problems, and global warming gases from the country are expected to continue increasing. China’s aim is to use the newest technologies to limit the rate of increase.
Only half the country’s coal-fired power plants have the emissions control equipment to remove sulfur compounds that cause acid rain, and even power plants with that technology do not always use it. China has not begun regulating some of the emissions that lead to heavy smog in big cities.
Even among China’s newly built plants, not all are modern. Only about 60 percent of the new plants are being built using newer technology that is highly efficient, but more expensive.
With greater efficiency, a power plant burns less coal and emits less carbon dioxide for each unit of electricity it generates. Experts say the least efficient plants in China today convert 27 to 36 percent of the energy in coal into electricity. The most efficient plants achieve an efficiency as high as 44 percent, meaning they can cut global warming emissions by more than a third compared with the weakest plants.
In the United States, the most efficient plants achieve around 40 percent efficiency, because they do not use the highest steam temperatures being adopted in China. The average efficiency of American coal-fired plants is still higher than the average efficiency of Chinese power plants, because China built so many inefficient plants over the past decade. But China is rapidly closing the gap by using some of the world’s most advanced designs.
After relying until recently on older technology, “China has since become the major world market for advanced coal-fired power plants with high-specification emission control systems,” the International Energy Agency said in a report on April 20.
China’s improvements are starting to have an effect on climate models. In its latest annual report last November, the I.E.A. cut its forecast of the annual increase in Chinese emissions of global warming gases, to 3 percent from 3.2 percent, in response to technological gains, particularly in the coal sector, even as the agency raised slightly its forecast for Chinese economic growth. “It’s definitely changing the baseline, and that’s being taken into account,” said Jonathan Sinton, a China specialist at the energy agency.
But by continuing to rely heavily on coal, which supplies 80 percent of its electricity, China ensures that it will keep emitting a lot of carbon dioxide; even an efficient coal-fired power plant emits twice the carbon dioxide of a natural gas-fired plant.
Perhaps the biggest question now is how much further China can go beyond the recent steps. In particular, how fast will it move toward power plants that capture their emissions and store them underground or under the seafloor?
That technology could, in theory, create power plants that contribute virtually nothing to global warming. Many countries hope to develop such plants, though progress has been halting; Energy Secretary Chu has promised steps to speed up the technology in the United States.
China has just built a small, experimental facility near Beijing to remove carbon dioxide from power station emissions and use it to provide carbonation for beverages, and the government has a short list of possible locations for a large experiment to capture and store carbon dioxide. But so far, it has no plans to make this a national policy.
China is making other efforts to reduce its global warming emissions. It has doubled its total wind energy capacity in each of the past four years, and is poised to pass the United States as soon as this year as the world’s largest market for wind power equipment. China is building considerably more nuclear power plants than the rest of the world combined, and these do not emit carbon dioxide after they are built.
But coal remains the cheapest energy source in China by a wide margin. China has the world’s third-largest coal reserves, after the United States and Russia.
“No matter how much renewable or nuclear is in the mix, coal will remain the dominant power source,” said Ashok Bhargava, a China energy expert at the Asian Development Bank in Manila.
Another problem is that China has finally developed the ability to build high-technology power plants only at the end of a national binge of building lower-tech coal-fired plants. Construction is now slowing because of the economic slump.
By adopting “ultra-supercritical” technology, which uses extremely hot steam to achieve the highest efficiency, and by building many identical power plants at the same time, China has cut costs dramatically through economies of scale. It now can cost a third less to build an ultra-supercritical power plant in China than to build a less efficient coal-fired plant in the United States.
Guten Morgen @ alle ![](http://www.cheesebuerger.de/images/more/bigs/a084.gif)
Heute fällt die 1.50CAD Marke in Canada![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:lick:](//img.wallstreet-online.de/smilies/lick.gif)
![](https://chart.consors.is-teledata.com/module.chart?LANG=de&COUNTRY=de&ID_NOTATION=19079903&QUALITY=BSD&LOGO=bnp&TYPE_CHART=STAIR&TIME_SPAN=1D&SHOW_PREV_CLOSE=1&INDICATORS_COLOR1=000000&INDICATORS_COLOR2=00FF00&INDICATORS_COLOR3=0000FF&TYPE_IND5=VOLUME&WITH_EARNINGS=0)
Frankfurt ---------------------------------------Stuttgart
![](http://extis.dab-bank.com/dab_neu/charts/detail_intrachart?type=0&sym1=WC9.STU&=&nick=znaips)
DAX
![](http://www.cheesebuerger.de/images/more/bigs/a084.gif)
Heute fällt die 1.50CAD Marke in Canada
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
Frankfurt ---------------------------------------Stuttgart
DAX
Antwort auf Beitrag Nr.: 37.150.484 von BRBa am 12.05.09 08:47:51und warum sollte es so kommen mein Freund?
Antwort auf Beitrag Nr.: 37.150.484 von BRBa am 12.05.09 08:47:51
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.150.484 von BRBa am 12.05.09 08:47:51
könnte was werden.der gestrige handelsverlauf gibt nochmehr grund zu dieser annahme.
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
China's demand for coal could save our mines
Matt Chambers | May 12, 2009
Article from: The Australian
CHINA has boosted its imports of Australian coking coal fiftyfold in the first quarter.
The surge in import comes as China's domestic production was cut, potentially saving Queensland from a further round of mine closures.
Plunging international coking coal prices and Chinese production cuts, due to high costs and poor safety, have turned China -- usually a minor coking coal importer -- into a large buyer, export figures compiled by Macquarie Research show.
The purchases come as traditional buyers Japan and Korea have slashed their imports as they closed steel blast furnaces as demand dried up.
China purchased 3.67 million tonnes of Australian coking coal in the first quarter of 2009, up from just 72,000 tonnes in the previous quarter and up from 353,000 in the corresponding quarter a year earlier.
Japan, Korea and Taiwan combined bought 6.35 million tonnes, down from 9.5 million tonnes the previous quarter.
The huge surge in Chinese imports means China was responsible for 24 per cent of the 15.4million tonnes of hard coking coal exported in the first quarter.
Australia's coking coal exports slipped 24 per cent from the previous quarter, but without the surge from China they would have been off 41 per cent.
"China's demand for hard coking coal has stemmed the decline in Australian exports and saved producers from another round of production cuts," Macquarie analyst Jim Lennon said.
Thousands of jobs have been lost in Queensland's coking coal mines as BHP Billiton, by far the world's biggest coking coal exporter, Xstrata and Rio Tinto cut output on slackening demand.
In March, BHP agreed to slash coking coal contract prices by 58per cent from their inflated 2008 prices, leaving them still 20per cent above 2007 prices.
Australian coal industry sources said the higher Chinese imports were the result of closure of small mines in China late last year for safety reasons and as higher-cost mines became uncompetitive.
Domestic Chinese prices were now higher than international ones, they said. According to Chinese media reports, about a quarter of China's 400 million tonnes a year of coking coal production capacity has been curtailed and production has fell in 2008 for the first time since 1999.
BHP has capacity to produce about 60 million tonnes a year of coking coal from its Queensland mines but has said this will be cut by up to 15 per cent this year.
The strong Chinese demand looks set to continue through this month. About 40 per cent of scheduled shipping from BHP's Hay Point terminal is destined for China, according to Macquarie.
Hay Point, at Gladstone, ships 25 to 30 per cent of Australia's coking coal exports.
China's biggest coal producing province, Shanxi, has plans to close 1500 small mines over two years to improve safety.
More than 100,000 people die every year in China's coal mines.
Matt Chambers | May 12, 2009
Article from: The Australian
CHINA has boosted its imports of Australian coking coal fiftyfold in the first quarter.
The surge in import comes as China's domestic production was cut, potentially saving Queensland from a further round of mine closures.
Plunging international coking coal prices and Chinese production cuts, due to high costs and poor safety, have turned China -- usually a minor coking coal importer -- into a large buyer, export figures compiled by Macquarie Research show.
The purchases come as traditional buyers Japan and Korea have slashed their imports as they closed steel blast furnaces as demand dried up.
China purchased 3.67 million tonnes of Australian coking coal in the first quarter of 2009, up from just 72,000 tonnes in the previous quarter and up from 353,000 in the corresponding quarter a year earlier.
Japan, Korea and Taiwan combined bought 6.35 million tonnes, down from 9.5 million tonnes the previous quarter.
The huge surge in Chinese imports means China was responsible for 24 per cent of the 15.4million tonnes of hard coking coal exported in the first quarter.
Australia's coking coal exports slipped 24 per cent from the previous quarter, but without the surge from China they would have been off 41 per cent.
"China's demand for hard coking coal has stemmed the decline in Australian exports and saved producers from another round of production cuts," Macquarie analyst Jim Lennon said.
Thousands of jobs have been lost in Queensland's coking coal mines as BHP Billiton, by far the world's biggest coking coal exporter, Xstrata and Rio Tinto cut output on slackening demand.
In March, BHP agreed to slash coking coal contract prices by 58per cent from their inflated 2008 prices, leaving them still 20per cent above 2007 prices.
Australian coal industry sources said the higher Chinese imports were the result of closure of small mines in China late last year for safety reasons and as higher-cost mines became uncompetitive.
Domestic Chinese prices were now higher than international ones, they said. According to Chinese media reports, about a quarter of China's 400 million tonnes a year of coking coal production capacity has been curtailed and production has fell in 2008 for the first time since 1999.
BHP has capacity to produce about 60 million tonnes a year of coking coal from its Queensland mines but has said this will be cut by up to 15 per cent this year.
The strong Chinese demand looks set to continue through this month. About 40 per cent of scheduled shipping from BHP's Hay Point terminal is destined for China, according to Macquarie.
Hay Point, at Gladstone, ships 25 to 30 per cent of Australia's coking coal exports.
China's biggest coal producing province, Shanxi, has plans to close 1500 small mines over two years to improve safety.
More than 100,000 people die every year in China's coal mines.
Bolst,schätze ich auch blos heute ?? könnte etwas mehr sein.
1,6 Dollar SK tippe ich für heute
was meint ihr ??? (außer Public natürlich )
wär liegt heute mit seinem Tip am nächsten ??
1,6 Dollar SK tippe ich für heute
was meint ihr ??? (außer Public natürlich )
wär liegt heute mit seinem Tip am nächsten ??
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
NASDAQ Composite Index ----------------------------------------- S&P/TSX Composite Index
Dow Jones --------------------------------------------------------------DAX
Son Mist! An meiner 1,49 CAD Verkaufsorder ist der Kurs knapp vorbeigeschrammt, weil es plötzlich überall senkrecht runter geht. ![:rolleyes:](//img.wallstreet-online.de/smilies/rolleyes.gif)
Dachte auch die 1,50 CAD wären heute drin..., naja... es wird ja erst seit 14 Minuten gehandelt.
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Dachte auch die 1,50 CAD wären heute drin..., naja... es wird ja erst seit 14 Minuten gehandelt.
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.152.210 von algodyne am 12.05.09 11:28:12Könntest du wohl aufhören zu Kurse zu tippen, die über den aktuellen liegen! ![:(](//img.wallstreet-online.de/smilies/frown.gif)
Es scheint mir hier aus Erfahrung der Fall zu sein, dass du seit Threaderöffnung eine Quote von 100 Prozent im vollständig daneben tippen erwirtschaftet hast.![:rolleyes:](//img.wallstreet-online.de/smilies/rolleyes.gif)
Tippen, ist übrigens eher was für Lottospieler, weniger für Menschen, die sich mit Investments beschäftigen.
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
Es scheint mir hier aus Erfahrung der Fall zu sein, dass du seit Threaderöffnung eine Quote von 100 Prozent im vollständig daneben tippen erwirtschaftet hast.
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Tippen, ist übrigens eher was für Lottospieler, weniger für Menschen, die sich mit Investments beschäftigen.
So ihr Lieben, hier mal angeteasert was so aktuell los ist!
China miners cut coal price offer to Japan utilities
Alibaba News Channel
PERTH/SHANGHAI, May 12 - Chinese coal miners such as Shenhua Energy and China Coal Ltd have cut 2009/10 contract price offers to Japanese utilities
Coal India to up supply to ailing power plants
Business Standard
The Centre had de-regulated the prices of non-coking coal of grade D, hard coke and soft coke, and allowed CIL to fix the coal prices for grades E and F
Coal India to get incentives for extra supply to power generation Indian Power Sector News
Coal: Price gain as crude oil rises
Business Report
Prices for coal shipped from Richards Bay have snapped a three-week slide as oil rose. Export prices at the port gained 30c to an average of $58.80
National Coal Corp. Reports First Quarter 2009 Results
WELT ONLINE
The Company realized significantly higher prices for coal sold during the first quarter versus the year ago period.
China miners cut coal price offer to Japan utilities
Alibaba News Channel
PERTH/SHANGHAI, May 12 - Chinese coal miners such as Shenhua Energy and China Coal Ltd have cut 2009/10 contract price offers to Japanese utilities
Coal India to up supply to ailing power plants
Business Standard
The Centre had de-regulated the prices of non-coking coal of grade D, hard coke and soft coke, and allowed CIL to fix the coal prices for grades E and F
Coal India to get incentives for extra supply to power generation Indian Power Sector News
Coal: Price gain as crude oil rises
Business Report
Prices for coal shipped from Richards Bay have snapped a three-week slide as oil rose. Export prices at the port gained 30c to an average of $58.80
National Coal Corp. Reports First Quarter 2009 Results
WELT ONLINE
The Company realized significantly higher prices for coal sold during the first quarter versus the year ago period.
Public du hast mir gar nichts zu sagen !!!!!
auf dich u. deine Postings kann ich verzichten![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
auf dich u. deine Postings kann ich verzichten
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
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Antwort auf Beitrag Nr.: 37.155.856 von algodyne am 12.05.09 16:27:20Das Forum soll der fachlichen Diskussion dienen.
Auf einen Kindergarten können wir verzichten !
Auf einen Kindergarten können wir verzichten !
das sag mal dem Public
Antwort auf Beitrag Nr.: 37.158.044 von algodyne am 12.05.09 19:35:18Nach dem ersten Anstieg, hast du dich bei mir BEDANKT!
Nach dem ersten Verlust hast du mir die Pest gewünscht!
Nach dem nächsten Anstieg hast du mich herzlich grüßen lassen!
Nach dem nächsten Kursrücksetzer, hast du....
Steht alles hier im Thread.![:keks:](//img.wallstreet-online.de/smilies/keks.gif)
Weißt du, mich nerven deine Postings einfach nur. Es ist leider so, dass du außer zu meiner Person nichts bringst zu Western Canadian Coal. Das finde ich sehr schade.
Lass es uns doch einfach so machen, du blendest meine Beiträge aus und ich deine. Der Thread soll um den Wert gehen, das habe ich dir schon 60x geschrieben. Also lass doch bitte den Quatsch hier.
Denke wir haben alle mehr davon, fundierte Beiträge oder Meinungen glecih ob pro oder contra zu lesen, dies ist doch der Sinn weshalb man bei w : o angemeldet ist und warum man den Thread hier aufruft.
PR
Nach dem ersten Verlust hast du mir die Pest gewünscht!
Nach dem nächsten Anstieg hast du mich herzlich grüßen lassen!
Nach dem nächsten Kursrücksetzer, hast du....
Steht alles hier im Thread.
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
Weißt du, mich nerven deine Postings einfach nur. Es ist leider so, dass du außer zu meiner Person nichts bringst zu Western Canadian Coal. Das finde ich sehr schade.
Lass es uns doch einfach so machen, du blendest meine Beiträge aus und ich deine. Der Thread soll um den Wert gehen, das habe ich dir schon 60x geschrieben. Also lass doch bitte den Quatsch hier.
Denke wir haben alle mehr davon, fundierte Beiträge oder Meinungen glecih ob pro oder contra zu lesen, dies ist doch der Sinn weshalb man bei w : o angemeldet ist und warum man den Thread hier aufruft.
PR
das mach mal......
Hochachtungsvoll Algodyne
Hochachtungsvoll Algodyne
Frankfurt ---------------------------------------Stuttgart
DAX
niemand da heute !?
Antwort auf Beitrag Nr.: 37.163.287 von x1Holger am 13.05.09 12:38:09doch ich.huhu
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.163.318 von bolst am 13.05.09 12:40:39bin auch da aber es wird erst heute Nachmittag wieder was los sein
hoffentlich besser als gestern
hoffentlich besser als gestern
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
NASDAQ Composite Index ----------------------------------------- S&P/TSX Composite Index
Dow Jones --------------------------------------------------------------DAX
sieht nicht gut aus......1,1 Dollar sollten aber halten...
bis jetzt nur Verkäufe....... so ne scheiße![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
Antwort auf Beitrag Nr.: 37.165.181 von algodyne am 13.05.09 15:37:51wo siehst du die 1,1$?
Antwort auf Beitrag Nr.: 37.165.181 von algodyne am 13.05.09 15:37:51algodyne du scheinst mir überraschend pessimistisch zu sein
... und zu nur Verkäufe bisher, es sind nicht nur Verkäufe!!! Sonst würde der Kurs nur eine Richtung kennen, runter, aber man kann deutlich sehen, dass der Kurs schwankt.
... und zu nur Verkäufe bisher, es sind nicht nur Verkäufe!!! Sonst würde der Kurs nur eine Richtung kennen, runter, aber man kann deutlich sehen, dass der Kurs schwankt.
heute abend evtl.
Antwort auf Beitrag Nr.: 37.165.587 von algodyne am 13.05.09 16:02:32solangsam beschleicht mich der Verdacht, dass du nochmals billig rein möchtest!!
nein,hab vorerst genug !
warte ab, hab so ein dumpfes Gefühl,das hier heute eine Verkaufslavine eintritt........
warte ab, hab so ein dumpfes Gefühl,das hier heute eine Verkaufslavine eintritt........
So, hab soeben nochmals eine Anfrage an WTN geschickt, zwecks des Cambrian mergers... ich stell die Antwort ein, sobald ich diese erhalte. fg
oddl84,auf die warte ich ..........![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
meinst du das die dir antworten ???
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
meinst du das die dir antworten ???
Antwort auf Beitrag Nr.: 37.166.393 von algodyne am 13.05.09 16:53:31Naja für gewöhnlich antwortet Herr D. Jan binnen 24 Stunden!!
Warum so feindselig??
Warum so feindselig??
Antwort auf Beitrag Nr.: 37.166.891 von oddl84 am 13.05.09 17:31:44Bin am überlegen ob ich raus soll, Einsatz ist zwar schon draussen, nur noch Gewinne laufen lassen mit DK 0,41, aber irgendwie hab ich das Gefühl der Markt will nochmal runter, da wird sich auch WTN nicht wehren können und was ich hab das hab ich ;o)
Antwort auf Beitrag Nr.: 37.167.010 von marvessa am 13.05.09 17:40:23wenn das mal kein fehler ist.ich bleibe drinne.
Antwort auf Beitrag Nr.: 37.167.010 von marvessa am 13.05.09 17:40:23... denke auch dass der Markt nochmal runter will, hab meinen Einsatz mittlerweile auch rausgenommen werde den Rest aber weiter laufen lassen, da ich davon ausgehe, dass fals die Q4-Ergebnisse gut ausfallen hier auch schnell die 2$ stehen könnten. Naja bei der derzeitigen Volatolität braucht man aber doch solide Nerven. Sollte ich bei WTN auf dem falschen Fuß erwischt werden und der Kurs nochmals spürbar runter gehen, dann kann ich auch damit leben den Anlagehorizont auf ein Jahr oder mehr auszuweiten, dann sind denke ich doch nochmals deutlich höhere Kurse drin.fg oddl
Antwort auf Beitrag Nr.: 37.167.093 von oddl84 am 13.05.09 17:46:11achja ich vergaß, sollten sich die Märkte aber noch geraume Zeit steigen oder quer laufen, dann werden wir mit Hilfe von Übernahme und Q4-Ergebnissen wahrscheinlich nochmals schön steigen können. fg
derzeit sehe ich keinen grund,die verbliebene restposition zu verkaufen.möglich das die märkte runter wollen,doch die frage ist wie weit.die hier im raum stehenden konsolidierungskurse sehe ich erst in der zweiten jahreshälfte kommen.
gut ist,das wir etwas aus der überkauften situation herauskommen.
desweiteren sind die umsätze in canada nicht außerordentlich groß,sollten die zunehmen kann man sich immer noch gedanken über einen verkauf machen.
gut ist,das wir etwas aus der überkauften situation herauskommen.
desweiteren sind die umsätze in canada nicht außerordentlich groß,sollten die zunehmen kann man sich immer noch gedanken über einen verkauf machen.
Antwort auf Beitrag Nr.: 37.167.216 von bolst am 13.05.09 17:55:05stimmer dir wieder einmal zu bolst, außerdem wäre es vermessen zu denken, dass WTN ohne jegliche Korrektu die alten Höhen erreicht... Gut braucht eben doch Weile, zumindest ein bißchen
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
leider nicht sehr aussagekräftig dieses mal.
Dear Joannes,
We are still conducting due diligence. The merger is still making progress. When we have news to report we will.
Thanks for your question.
David Jan
Dear Joannes,
We are still conducting due diligence. The merger is still making progress. When we have news to report we will.
Thanks for your question.
David Jan
dient die 1,28 mittlerweile als starke unterstützung?jedesmal wurde dort bis jetzt halt gemacht.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
grüsse an alle WTN und XEMPLAR aktionäre
hallo financmark
servus donnerpower
WTN und XEMPLAR gönnen sich zur zeit eine kleine pause!
nicht so schlimm!
PAN PALLADIUM WKN 541301 dagegen läüft und läüft,und ist noch weit unter pari zu haben
....macht zur zeit viel spass
nur meine meinung
grüsse
leika
hallo financmark
servus donnerpower
WTN und XEMPLAR gönnen sich zur zeit eine kleine pause!
nicht so schlimm!
PAN PALLADIUM WKN 541301 dagegen läüft und läüft,und ist noch weit unter pari zu haben
....macht zur zeit viel spass
nur meine meinung
grüsse
leika
die 1,28- haben nicht gehalten ![:(](//img.wallstreet-online.de/smilies/frown.gif)
konsolidieren wir jetzt bis 0,5-€
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
konsolidieren wir jetzt bis 0,5-€
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.171.195 von x1Holger am 14.05.09 07:56:41wer kann das schon beantworten holger? wir müssen abwarten und sehen was passiert
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
Gehe sogar noch weiter,die Tiefs von 2008 könnten getestet werden.
Heute wird die 1,1 Dollar getestet,danach könnte die Verkaufwelle los gehen...........!!!
nur meien Meinung
Heute wird die 1,1 Dollar getestet,danach könnte die Verkaufwelle los gehen...........!!!
nur meien Meinung
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Antwort auf Beitrag Nr.: 37.171.439 von algodyne am 14.05.09 08:38:06algo gestern hat es alle getroffen ohne Ausnahme also würde ich es nicht so schwarz sehen.
der Weltmarkt hat gestern mal wieder einen roten Tag gehabt und die Rohstoffe sogar extrem.
der Weltmarkt hat gestern mal wieder einen roten Tag gehabt und die Rohstoffe sogar extrem.
esterwelle: Steuerschätzung macht Steuersenkungen notwendig
Leser des Artikels: 35
FDP-Chef Westerwell legt Finanzminister Steinbrück den Rücktritt nahe: Dass Herr Steinbrück noch im Amt ist, offenbare einen Verfall politischer Kultur.
Hamburg. Der FDP-Vorsitzende Guido Westerwelle hat die Steuerschätzung zum Anlass genommen, Steuersenkungen zu fordern. „Die Steuerschätzung ist der Beweis dafür, wie dringend notwendig eine Steuerreform ist“, sagte Westerwelle dem Hamburger Abendblatt (Donnerstag). „Wir brauchen in Deutschland ein faires Steuersystem mit niedrigeren Sätzen.“ Ein faires Steuersystem sei die Voraussetzung für die Gesundung der Staatsfinanzen. Er verwies darauf, dass dem Staat jährlich rund 350 Milliarden Euro durch Schwarzarbeit verloren gingen. „Wenn es uns durch ein faires Steuersystem gelingt, einen Teil davon in die reguläre Volkswirtschaft zurückzuführen, sind die Staatsfinanzen konsolidiert.“
Westerwelle griff Bundesfinanzminister Peer Steinbrück (SPD) scharf an und legte ihm den Rückritt nahe. „Finanzminister Steinbrück hat so viel Geld verbrannt – er ist der Letzte, der uns Ratschläge geben könnte“, sagte der FDP-Chef. Zugleich verwies er auf die Irritationen, die Steinbrück im Kampf gegen Steueroasen ausgelöst hatte. „Dass Herr Steinbrück nach seiner Kavallerie-Drohung gegen unsere Nachbarländer noch im Amt ist, offenbart einen Verfall politischer Kultur“, betonte Westerwelle. „Wenn ein Finanzminister vor der sogenannten Großen Koalition Nachbarländern mit der Kavallerie gedroht hätte, hätte er selbstverständlich seinen Hut nehmen müssen.“ (Hamburger Abendblatt)
Leser des Artikels: 35
FDP-Chef Westerwell legt Finanzminister Steinbrück den Rücktritt nahe: Dass Herr Steinbrück noch im Amt ist, offenbare einen Verfall politischer Kultur.
Hamburg. Der FDP-Vorsitzende Guido Westerwelle hat die Steuerschätzung zum Anlass genommen, Steuersenkungen zu fordern. „Die Steuerschätzung ist der Beweis dafür, wie dringend notwendig eine Steuerreform ist“, sagte Westerwelle dem Hamburger Abendblatt (Donnerstag). „Wir brauchen in Deutschland ein faires Steuersystem mit niedrigeren Sätzen.“ Ein faires Steuersystem sei die Voraussetzung für die Gesundung der Staatsfinanzen. Er verwies darauf, dass dem Staat jährlich rund 350 Milliarden Euro durch Schwarzarbeit verloren gingen. „Wenn es uns durch ein faires Steuersystem gelingt, einen Teil davon in die reguläre Volkswirtschaft zurückzuführen, sind die Staatsfinanzen konsolidiert.“
Westerwelle griff Bundesfinanzminister Peer Steinbrück (SPD) scharf an und legte ihm den Rückritt nahe. „Finanzminister Steinbrück hat so viel Geld verbrannt – er ist der Letzte, der uns Ratschläge geben könnte“, sagte der FDP-Chef. Zugleich verwies er auf die Irritationen, die Steinbrück im Kampf gegen Steueroasen ausgelöst hatte. „Dass Herr Steinbrück nach seiner Kavallerie-Drohung gegen unsere Nachbarländer noch im Amt ist, offenbart einen Verfall politischer Kultur“, betonte Westerwelle. „Wenn ein Finanzminister vor der sogenannten Großen Koalition Nachbarländern mit der Kavallerie gedroht hätte, hätte er selbstverständlich seinen Hut nehmen müssen.“ (Hamburger Abendblatt)
Antwort auf Beitrag Nr.: 37.172.823 von algodyne am 14.05.09 10:47:00hat er ja recht.den fehler haben die damals schon einmal gemacht,das der aufkommende aufschwung mit steuerbelastungen gedämpft wurde.
diese ach so gebildeten damen und herren scheitern an der realität.
meiner meinung nach bringen steuersenkungen in einzelnen bereichen den auftrieb,den unser land,welches schon seit jahren schwächelt(binnennachfrage),braucht.
diese ach so gebildeten damen und herren scheitern an der realität.
meiner meinung nach bringen steuersenkungen in einzelnen bereichen den auftrieb,den unser land,welches schon seit jahren schwächelt(binnennachfrage),braucht.
Bolst,Steuersenkungen wären jetzt das beste was Deutschland passieren könnte.....
Die sollten alle mit 25 % besteuern und mit der Abschaffung des komplizierten Steuergesetzes beginnen.....
Deutschland ist viel zu bürokratisch was viel Zeit und Geld kostet
Das Ausland lacht darüber !!
Die sollten alle mit 25 % besteuern und mit der Abschaffung des komplizierten Steuergesetzes beginnen.....
Deutschland ist viel zu bürokratisch was viel Zeit und Geld kostet
Das Ausland lacht darüber !!
Antwort auf Beitrag Nr.: 37.173.701 von algodyne am 14.05.09 12:03:16darüber müßen wir aber nicht hier im wtn thread schreiben.ich denke,das es für solche sachthemen andere foren gibt.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Wenn ich das hier schon lese:
algodyne:
Gehe sogar noch weiter,die Tiefs von 2008 könnten getestet werden.
Heute wird die 1,1 Dollar getestet,danach könnte die Verkaufwelle los gehen...........!!!
nur meien Meinung
also wirklich merkst du eigentlich noch was?? Tiefs von 2008 testen, was für ein Blödsinn!! Mit was begründest du das?? Mit Charttechnik?? Fundamental?? Schäm dich.
grüße oddl
algodyne:
Gehe sogar noch weiter,die Tiefs von 2008 könnten getestet werden.
Heute wird die 1,1 Dollar getestet,danach könnte die Verkaufwelle los gehen...........!!!
nur meien Meinung
also wirklich merkst du eigentlich noch was?? Tiefs von 2008 testen, was für ein Blödsinn!! Mit was begründest du das?? Mit Charttechnik?? Fundamental?? Schäm dich.
grüße oddl
nix schämen nehmen ![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
Heute gehts weiter runter ,vorbörslich siehts nich ´jut aus
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
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Heute gehts weiter runter ,vorbörslich siehts nich ´jut aus
Von 1,44 auf 1,24 in 2 Tagen ohne news......Das sieht nicht gut aus ,dazu die geringen Umsätze
so schnell kann´s gehen schwupp di wupp wieder im plus.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.175.926 von algodyne am 14.05.09 15:36:13tolle Begründung!!
lasst euch nicht täuschen,den hier finden hauptsächlich verkäufe statt.
Antwort auf Beitrag Nr.: 37.176.097 von algodyne am 14.05.09 15:49:50wovor willst du uns eigentlich warnen?![:confused:](//img.wallstreet-online.de/smilies/confused.gif)
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Antwort auf Beitrag Nr.: 37.176.107 von brocklesnar am 14.05.09 15:50:51...Sie ist selber investiert und hat überdimensionale Kursverläufe im Kopf, ob rauf oder runter, kann man nicht nachvollziehen...
warnen ?? niemand
Der Kurs fällt und das rasant
Der Kurs fällt und das rasant
Antwort auf Beitrag Nr.: 37.175.926 von algodyne am 14.05.09 15:36:13langsam nervst du mit deinem Gesabbel hier, weißt auch was zur Aktie
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
1,22 mit fettem Umsatz
Antwort auf Beitrag Nr.: 37.176.200 von algodyne am 14.05.09 15:58:54@algodyne
Keine Ahnung in wie fern oder ob du dich überhaupt mit Aktien auskennst, aber nach solch einem Anstieg sind Korrekturen durch Gewinmitnahmen normal und nötig.
Außerdem wenn man seinen Einsatz + vllt ein wenig Taschengeld schon rausgenommen hat, dann kann man hier beruhigt auch ein bißchen ausharren. Ich für meinen Teil sehe hier wieder Kurse über 4€, dass das noch ein gutes Weilchen dauern kann ist natürlich auch klar aber mit meinem Restbestand kann ich das aussitzen. (zumal ich noch immer hauptsächlich Cambs halte und die Übernahme hier auch nochmal ´nen Schub bringen sollte.
Fundamental jedenfalls steht WTN im Moment sehr solide da. Dieses Jahr werden ganz klar Gewinne erwartet. Cashposi sehr gut und durch Q4 von WTN und Camb weiter steigend. Preise dürften auch die nächsten Jahre wieder anziehen können.
fg oddl
Keine Ahnung in wie fern oder ob du dich überhaupt mit Aktien auskennst, aber nach solch einem Anstieg sind Korrekturen durch Gewinmitnahmen normal und nötig.
Außerdem wenn man seinen Einsatz + vllt ein wenig Taschengeld schon rausgenommen hat, dann kann man hier beruhigt auch ein bißchen ausharren. Ich für meinen Teil sehe hier wieder Kurse über 4€, dass das noch ein gutes Weilchen dauern kann ist natürlich auch klar aber mit meinem Restbestand kann ich das aussitzen. (zumal ich noch immer hauptsächlich Cambs halte und die Übernahme hier auch nochmal ´nen Schub bringen sollte.
Fundamental jedenfalls steht WTN im Moment sehr solide da. Dieses Jahr werden ganz klar Gewinne erwartet. Cashposi sehr gut und durch Q4 von WTN und Camb weiter steigend. Preise dürften auch die nächsten Jahre wieder anziehen können.
fg oddl
Antwort auf Beitrag Nr.: 37.176.170 von algodyne am 14.05.09 15:56:38fällt rasant? man man du mußt aber irgendwo anders schauen? wtn hält sich
bin wieder ein paar shares reicher![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Geldkurs 0,805
Geld-Vol. 10.000
Briefkurs 0,845
Brief-Vol. 10.000
Datum 14.05.09
Kurszeit 17:08
Geld-Vol. 10.000
Briefkurs 0,845
Brief-Vol. 10.000
Datum 14.05.09
Kurszeit 17:08
Antwort auf Beitrag Nr.: 37.177.000 von algodyne am 14.05.09 17:15:22schön und nun back dir ein Eis
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
algdyne der Kontraindikator![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
algdyne der Kontraindikator![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
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NASDAQ Composite Index ----------------------------------------- S&P/TSX Composite Index
Dow Jones --------------------------------------------------------------DAX
Frankfurt ---------------------------------------Stuttgart
...läüft doch
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
Antwort auf Beitrag Nr.: 37.177.550 von tanja2-2 am 14.05.09 18:13:44Wo ist denn algodyne hin?
Zum richtigen Moment wieder da !!
Antwort auf Beitrag Nr.: 37.177.000 von algodyne am 14.05.09 17:15:22
Erst schreibst du, es geht noch weiter runter und bla bla Tiefs könnten getestet werden, und ein paar Stunden später teilst du uns mit, dass du dir noch ein paar Aktien gekauft hast.
Warum teilst du uns das überhaupt mit?
Hast du auch etwas fundamentales bei zu tragen?
Warum lese ich hier überhaupt noch mit. Die Zeit ist wiedermal gekommen, und das hier wird mehr und mehr zum Kindergarten.
Viel Spaß Kinder!
Erst schreibst du, es geht noch weiter runter und bla bla Tiefs könnten getestet werden, und ein paar Stunden später teilst du uns mit, dass du dir noch ein paar Aktien gekauft hast.
Warum teilst du uns das überhaupt mit?
Hast du auch etwas fundamentales bei zu tragen?
Warum lese ich hier überhaupt noch mit. Die Zeit ist wiedermal gekommen, und das hier wird mehr und mehr zum Kindergarten.
Viel Spaß Kinder!
Sorry,bin und bleibe überzeugter Western coaler.
Antwort auf Beitrag Nr.: 37.183.771 von algodyne am 15.05.09 13:11:27Na das ist doch mal ne Ansage... weißt du algodyne man sollte nicht versuchen Panik zu stiften nur weil man selber günstig rein möchte... der Kurs wird sowieso wo anders gemacht.
Naja in Zukunft einfach ein bisl anders, dann passt das auch wieder. fg
Naja in Zukunft einfach ein bisl anders, dann passt das auch wieder. fg
Antwort auf Beitrag Nr.: 37.184.045 von oddl84 am 15.05.09 13:39:55gut finde ich das aber nicht was algo gemacht hat! es war bis jetzt hier ein sehr gut infomierter und seriöser Kreis und da muß man sowas hier nicht haben
sorry nochmals
Antwort auf Beitrag Nr.: 37.184.045 von oddl84 am 15.05.09 13:39:55stimmt das gehört sich nicht,obwohl es bei w.o. mittlerweile zum standart geworden ist.
Antwort auf Beitrag Nr.: 37.184.803 von bolst am 15.05.09 14:52:40Wobei es doch so ist, dass es hier bei WTN trotz ein paar Ausnahmen doch noch recht human zugeht. fg
Antwort auf Beitrag Nr.: 37.184.904 von oddl84 am 15.05.09 15:03:43ja noch oddl.das kann sich ganz schnell ändern.
fgr
fgr
und wieder ein test der 1,28
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![](http://www.cheesebuerger.de/images/smilie/boese/n025.gif)
Antwort auf Beitrag Nr.: 37.187.337 von bolst am 15.05.09 18:41:26He bolst, jetzt wirds aber makaber!!
Erst mit 4- Quartalsergebnis und news zu den Übernahmeplänen könen wir hier mit einem Anstieg rechnen. Was hier alles möglich ist haben wir in den letzten Wochen gesehen. Potential ist vorhanden. Warte eigentlich sehnsüchtig auf Ergebnisse. Die Futures für Kohle aus der Region sind etwas angestiegen. Hatten aber in den letzten Wochen massiv abgegeben. http://www.infomine.com/investment/charts/Dynamic_fChart_cPr…
Beobachte noch zwei andere Werte.
Parallel Petroleum Corporation und GRYPHON RES. Parallel hat massiv abgegeben, glaube aber das der Weg bis 2,50$ frei ist. Schauen wir mal.
Beobachte noch zwei andere Werte.
Parallel Petroleum Corporation und GRYPHON RES. Parallel hat massiv abgegeben, glaube aber das der Weg bis 2,50$ frei ist. Schauen wir mal.
Antwort auf Beitrag Nr.: 37.188.313 von bolst am 15.05.09 20:20:54Aber unser Kleines hält die 1,28 souverän trotz roten Vorgaben aus USA.
Antwort auf Beitrag Nr.: 37.188.572 von oddl84 am 15.05.09 20:47:13ist doch meine rede.und das volumen nimmt immer mehr und mehr ab.die gehen von steigenden kursen aus in nächster zeit.
![](http://www.cheesebuerger.de/images/more/bigs/a084.gif)
Antwort auf Beitrag Nr.: 37.188.657 von bolst am 15.05.09 20:58:03mach lieber mal Werbung für ZMR , damit Max Goldigs Träume wahr werden
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.188.907 von marvessa am 15.05.09 21:36:35ich mach doch keine werbung.maxe´s traum wird eventuell keiner bleiben.noch bin ich frohen mutes.
Antwort auf Beitrag Nr.: 37.188.945 von bolst am 15.05.09 21:40:07na dann hoffen wir es, allein mir fehlt im Moment der GLAUBE ! dann halt WTN erst mal auf 5 Euro bis nächstes Jahr
hier war ich wenigstens so schlau und hab Gewinne mitgenommen
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Antwort auf Beitrag Nr.: 37.189.043 von marvessa am 15.05.09 21:53:04haste hoffentlich auch bei ifx gemacht.?glaube hilft nicht an der börse.fakten sprechen für oder gegen etwas
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
So Wochenende und die 1,28$ haben gehalten.
Bin etwas enttäusch, dass sich der Camb Merger wie auch man anderer Termin, nach hinten verschiebt. Ich hoffe hier tut sich bald etwas.Cash sollte ja für die ca 8Mio shares Differenz zwischen auszugebenden und zurückerhaltenden Aktien genug vorhanden sein, vor allem nach Q4 und in Anbetracht, dass man dieses Jahr geraume Zeit die auf Halde produzierte Kohle verkaufen kann und somit erheblich niedrigere Produktionskosten hat... schon wunderlich dass die beiden Kurse soweit auseinander gehen und es so wenig news/rumors am Markt gibt.
schönes WE euer oddl
Bin etwas enttäusch, dass sich der Camb Merger wie auch man anderer Termin, nach hinten verschiebt. Ich hoffe hier tut sich bald etwas.Cash sollte ja für die ca 8Mio shares Differenz zwischen auszugebenden und zurückerhaltenden Aktien genug vorhanden sein, vor allem nach Q4 und in Anbetracht, dass man dieses Jahr geraume Zeit die auf Halde produzierte Kohle verkaufen kann und somit erheblich niedrigere Produktionskosten hat... schon wunderlich dass die beiden Kurse soweit auseinander gehen und es so wenig news/rumors am Markt gibt.
schönes WE euer oddl
Langes Wochenende in Kanada, kein Handel am Montag (Victoria Day):
2009 Stock Market Holidays - Stock Markets Closed
New Year's Day - January 1, 2009
Family Day - February 16, 2009
Good Friday - April 10, 2009
Victoria Day - May 18, 2009
Canada Day - July 1, 2009
Civic Day - August 3, 2009
Labour Day - September 7, 2009
Thanksgiving Day - October 12, 2009
Christmas Day - December 25, 2009
Boxing Day - December 28, 2009 (in lieu of December 26)
2009 Stock Market Holidays - Stock Markets Closed
New Year's Day - January 1, 2009
Family Day - February 16, 2009
Good Friday - April 10, 2009
Victoria Day - May 18, 2009
Canada Day - July 1, 2009
Civic Day - August 3, 2009
Labour Day - September 7, 2009
Thanksgiving Day - October 12, 2009
Christmas Day - December 25, 2009
Boxing Day - December 28, 2009 (in lieu of December 26)
Antwort auf Beitrag Nr.: 37.189.063 von bolst am 15.05.09 21:54:35hab ich zum Glück auch bei IFX gemacht
schönen Sonntag allerseits
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.193.068 von marvessa am 17.05.09 10:07:44gut so.
![](http://www.cheesebuerger.de/images/more/bigs/a084.gif)
Moin Folks,
ein bischen Offtopic ...
hat jemand von Euch am Freitag den Stockreport zugesandt bekommen?
Gruss
SW
ein bischen Offtopic ...
hat jemand von Euch am Freitag den Stockreport zugesandt bekommen?
Gruss
SW
S&P/Asx 20 Intraday Chart ------------------------------------------ Nikkei 225 Index Intraday
![](http://de.advfn.com/p.php?pid=staticchart&s=ASX^XTL&p=0&t=39&vol=1)
![](http://de.advfn.com/p.php?pid=staticchart&s=NIK^NI225&p=0&t=39&vol=1)
Hang Seng China Enterprises Index -------------------------------Nikkei TOPIX Intraday
![](http://de.advfn.com/p.php?pid=staticchart&s=HKX^I\HSI&p=0&t=39&vol=1)
![](http://de.advfn.com/p.php?pid=staticchart&s=JSX^TOPIX&p=0&t=39&vol=1)
China/Sse B Share Index --------------------------------------------Indonesien/COMPOSITE Index
![](http://de.advfn.com/p.php?pid=staticchart&s=SZX^399108&p=0&t=39&vol=1)
![](http://de.advfn.com/p.php?pid=staticchart&s=JKX^COMPOSITE&p=0&t=39&vol=1)
Indien S&P Cnx Nifty Index-------------------------------------------DAX
![](http://de.advfn.com/p.php?pid=staticchart&s=NSE^NIFTY&p=0&t=39&vol=1)
![](http://de.advfn.com/p.php?pid=staticchart&s=DBI^DAX&p=0&t=39&vol=1)
![](https://chart.consors.is-teledata.com/module.chart?LANG=de&COUNTRY=de&ID_NOTATION=19079903&QUALITY=BSD&LOGO=bnp&TYPE_CHART=STAIR&TIME_SPAN=1D&SHOW_PREV_CLOSE=1&INDICATORS_COLOR1=000000&INDICATORS_COLOR2=00FF00&INDICATORS_COLOR3=0000FF&TYPE_IND5=VOLUME&WITH_EARNINGS=0)
Frankfurt ---------------------------------------Stuttgart
Hang Seng China Enterprises Index -------------------------------Nikkei TOPIX Intraday
China/Sse B Share Index --------------------------------------------Indonesien/COMPOSITE Index
Indien S&P Cnx Nifty Index-------------------------------------------DAX
Frankfurt ---------------------------------------Stuttgart
Antwort auf Beitrag Nr.: 37.198.677 von finanzmarc am 18.05.09 13:20:41![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
keiner mehr da?oder schlaft ihr alle schon?
bin mal auf morgen gespannt,wie sich der heutige tagesverlauf beim dow auf unser baby niederschlägt.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
keiner mehr da?oder schlaft ihr alle schon?
bin mal auf morgen gespannt,wie sich der heutige tagesverlauf beim dow auf unser baby niederschlägt.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![](http://www.cheesebuerger.de/images/more/bigs/c009.gif)
öl der sorte light notiert derzeit bei über 60$.das sollte auch unserem kohlebaby heute helfen.
schaun wir mal-bis heute nachmittag.
Guten Morgen zusammen,
an die verbliebenen im Thread.
Wir warten alle derzeit auf News.
Gruss
BMW
an die verbliebenen im Thread.
Wir warten alle derzeit auf News.
Gruss
BMW
Antwort auf Beitrag Nr.: 37.206.337 von BMW-supporter am 19.05.09 10:48:14ich nicht.
die kommen so oder so.
![:p](http://img.wallstreet-online.de/smilies/tongue.gif)
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.206.399 von bolst am 19.05.09 10:54:37Will ich auch schwer hoffen das da was folgt.
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.206.588 von BMW-supporter am 19.05.09 11:13:38ich denke 20-30 % sollten heut drinne sein.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.208.100 von bolst am 19.05.09 13:55:22warum das denn?
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.208.170 von brocklesnar am 19.05.09 14:03:59weil es so ist.denke das wir bei 1,50 can$ eröffnen könnten.die can´s hatten gestern zu und usa ist super gelaufen.sollten die märkte heute noch weiter steigen hätten die can´s einen tag mehr aufzuholen.
Antwort auf Beitrag Nr.: 37.208.178 von bolst am 19.05.09 14:05:25na ich hätte nichts dagegen![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
aber wir müssen uns noch gedulden und abwarten was der Abend so bringt
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
aber wir müssen uns noch gedulden und abwarten was der Abend so bringt
hmm verstehen muß man das nicht oder?wieso kommen die nicht aus dem popo?vorgaben waren super
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Läuft heut wieder gut unsere Kleine... auch wenn´s hier mittlerweile ganz schön ruhig ist. fg
Antwort auf Beitrag Nr.: 37.212.247 von oddl84 am 19.05.09 20:04:02ich hätte mir etwas mehr vorgestellt heute.
Antwort auf Beitrag Nr.: 37.212.296 von bolst am 19.05.09 20:08:21Kommt schon noch.
Wenn wir von guten Zahlen ausgehen fürs Q4, die nochmals 80Mio C$ oder mehr in die Kassen spülen, dann könnt ich mir gu vorstellen, dass wir hier auch nochmals einen schnellen Sprint auf die 2C$ sehen.
Was haben wir denn ansonsten noch interessantes momentan? Bin immer noch auf der Suche nach dem ultimativen Ölwert... es gibt wohl einige gute Firmen (dragon oil, china nrth east petr, etc), aber bei vielen hat mittlerweile der Kurs schon wieder sehr viel stärker angezogen, als der Ölpreis. Naja fals jemand was schönes hatvich habe offene Ohren.
fg oddl
Wenn wir von guten Zahlen ausgehen fürs Q4, die nochmals 80Mio C$ oder mehr in die Kassen spülen, dann könnt ich mir gu vorstellen, dass wir hier auch nochmals einen schnellen Sprint auf die 2C$ sehen.
Was haben wir denn ansonsten noch interessantes momentan? Bin immer noch auf der Suche nach dem ultimativen Ölwert... es gibt wohl einige gute Firmen (dragon oil, china nrth east petr, etc), aber bei vielen hat mittlerweile der Kurs schon wieder sehr viel stärker angezogen, als der Ölpreis. Naja fals jemand was schönes hatvich habe offene Ohren.
fg oddl
Antwort auf Beitrag Nr.: 37.212.393 von oddl84 am 19.05.09 20:16:58....Cambrian Übernahme müsste langsam kommen, bin gespannt im Stockhouse wurde immer wieder schon drauf hingewiesen auch den aktuellen Wert in dehnen jetzt auch viele WTN Aktionäre investiert sind den Produzenten CCJ als nächstes in Visier einer übernahme zunehmen.
Das ist keine Werbung...nur ein Hinweis wie ich auf CCJ gekommen bin
Das ist keine Werbung...nur ein Hinweis wie ich auf CCJ gekommen bin
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Hi Donnerpower,
warte ebenfalls auf die Übernahme,wo siehst du den Kurs nach der Übernahme
????
warte ebenfalls auf die Übernahme,wo siehst du den Kurs nach der Übernahme
????
Antwort auf Beitrag Nr.: 37.212.815 von algodyne am 19.05.09 20:55:42Die Übernahme wird zwar einen kleinen Anstieg hier bringen aber nicht zu viel erwarten...mehr Gewicht werden erst die Zahlen Anfang Juni haben...danach sollte der Kurs zwischen 2-3Euro sich einpendeln !
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
ihr könnt machen was ihr wollt.ich behalte meine stücke und will die 2€ sehen
Antwort auf Beitrag Nr.: 37.212.964 von donnerpower am 19.05.09 21:08:222-3Euro..meinte erstmal 2-3"Dollar"...die Euro`s sehen wa ende des Jahres wenn der Markt sich erholen wird !!!
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.213.109 von donnerpower am 19.05.09 21:21:39die 2 € kommen schneller. 3can$ sind schon 1,90€
Hallo keiner mehr da ???
Der Chart sieht vielversprechend aus .Die News bzgl. der Übernahme ist in der Pipline.
Dann dürfte der Kurs sich weiter erholen..
Auf eine grünen Tag
Der Chart sieht vielversprechend aus .Die News bzgl. der Übernahme ist in der Pipline.
Dann dürfte der Kurs sich weiter erholen..
Auf eine grünen Tag
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.217.909 von algodyne am 20.05.09 13:04:45... sehe ich auch so, wir haben eine Stabilisierung auf hohem Niveau... danach wird es, sofern die Märkte mitspielen, wohl wieder einen ordentlichen Schub tun.
trading halt.kommt heute schon etwas????
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.219.473 von bolst am 20.05.09 15:41:02könnte das die Übernahmenews sein?
bolst,wo steht es das es ein trading halt gibt ???
Antwort auf Beitrag Nr.: 37.219.484 von brocklesnar am 20.05.09 15:41:44gut möglich, habe gestern die IR angeschrieben, normal antworten sie immer zügig, bis heute kam noch nix
Antwort auf Beitrag Nr.: 37.219.494 von algodyne am 20.05.09 15:42:49Investment Industry Regulatory Organization of Canada (IIROC)
hier![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
May 20, 2009 09:32 ET
IIROC: Halt; Western Canadian Coal Corp.
TORONTO, ONTARIO--(Marketwire - May 20, 2009) -
Company Western Canadian Coal Corp.
TSX Symbol WTN, WTN.DB, WTN.WT
Reason Pending News
Halt Time (ET) 9:18
hier
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
May 20, 2009 09:32 ET
IIROC: Halt; Western Canadian Coal Corp.
TORONTO, ONTARIO--(Marketwire - May 20, 2009) -
Company Western Canadian Coal Corp.
TSX Symbol WTN, WTN.DB, WTN.WT
Reason Pending News
Halt Time (ET) 9:18
Antwort auf Beitrag Nr.: 37.219.509 von marvessa am 20.05.09 15:44:00aber der Halt ist bestätigt oder woher kommen diese News?
Klar ist das bestätigt
http://finance.yahoo.com/news/Investment-Industry-cnw-153025…
May 20, 2009 09:32 ET
IIROC: Halt; Western Canadian Coal Corp.
TORONTO, ONTARIO--(Marketwire - May 20, 2009) -
Company Western Canadian Coal Corp.
TSX Symbol WTN, WTN.DB, WTN.WT
Reason Pending News![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
Halt Time (ET) 9:18
http://finance.yahoo.com/news/Investment-Industry-cnw-153025…
May 20, 2009 09:32 ET
IIROC: Halt; Western Canadian Coal Corp.
TORONTO, ONTARIO--(Marketwire - May 20, 2009) -
Company Western Canadian Coal Corp.
TSX Symbol WTN, WTN.DB, WTN.WT
Reason Pending News
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Halt Time (ET) 9:18
dann hoffen wir mal auf Gutes
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Antwort auf Beitrag Nr.: 37.219.484 von brocklesnar am 20.05.09 15:41:44Möglich, aber Cambrian ist noch handelbar. Ich bin gespannt...
bitte bitte laß es eine gute news sein.das theater von gestern mit cardero reicht mir für´s erste.
marv ich hoffe du hast keine gekauft.
marv ich hoffe du hast keine gekauft.
Antwort auf Beitrag Nr.: 37.219.494 von algodyne am 20.05.09 15:42:49Kannst bei finanznachrichten.de die wkn eingeben dann kommts.
Ja, das "Halt" wurde bestätigt, dahingehend kann es nur Neuigkeiten geben.
Abwarten...
Abwarten...
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Na da bin ich ja mal gespannt
Antwort auf Beitrag Nr.: 37.219.705 von bolst am 20.05.09 15:57:55Du sprichst mir aus der Seele. Wenn ich mir vorstelle, ich hätte vor 3 Monate die Kohle von Cardero hier reingesteckt, oh man
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Antwort auf Beitrag Nr.: 37.219.763 von CFalko am 20.05.09 16:02:32ach hör mir bloß auf.hab zwar gestern nachgekauft doch bin ich mir nicht sicher,ob das richtig war.
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Was habe euch seit wochen gesagt
Ende Mai : Cambrian Übernahme
Anfang Juni : Die Zahlen
Ende Mai : Cambrian Übernahme
Anfang Juni : Die Zahlen
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.219.797 von bolst am 20.05.09 16:05:18Ja, ja, die Warterei jetzt ist das nervigste.
Aber das werden wir auch noch überstehen. Denke eigentlich nicht,
das Du mit deinem Nachkauf schlecht gelegen hast.
Gruss
Aber das werden wir auch noch überstehen. Denke eigentlich nicht,
das Du mit deinem Nachkauf schlecht gelegen hast.
Gruss
Antwort auf Beitrag Nr.: 37.219.815 von BMW-supporter am 20.05.09 16:06:51sorry betrifft na ander aktie.
Antwort auf Beitrag Nr.: 37.219.705 von bolst am 20.05.09 15:57:55Cardero gekauft ??? NEIN, was war da ? konzentrieren wir uns mal auf WTN
Antwort auf Beitrag Nr.: 37.219.828 von marvessa am 20.05.09 16:07:50gut marv.
Antwort auf Beitrag Nr.: 37.219.797 von bolst am 20.05.09 16:05:18Selbst mit SL noch gut Miese gemacht und dann Wiedereinstieg. Einzig meine alten Longposi ist komplett drin geblieben. Ein Fehler aus alten Zeiten
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
Antwort auf Beitrag Nr.: 37.219.866 von CFalko am 20.05.09 16:10:26laß uns nicht weiter darüber reden.bin froh ,das meine laune heute wieder besser ist.
Antwort auf Beitrag Nr.: 37.219.948 von bolst am 20.05.09 16:16:53Stay
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.219.978 von CFalko am 20.05.09 16:20:04was mich am meisten aufregt ist das dumme gesülze in dem thread von denen.da kannste nur noch eins machen
http://www.youtube.com/watch?v=5jFIyIkQrz4
![](http://www.cheesebuerger.de/images/more/bigs/a043.gif)
http://www.youtube.com/watch?v=5jFIyIkQrz4
Antwort auf Beitrag Nr.: 37.220.008 von bolst am 20.05.09 16:22:37Volle Zustimmung.
Cambrian steigt in LONDON bei solidem Handel um über 7%... spricht also nicht für schlechte news... hoffen wir dass es so kommt.
Antwort auf Beitrag Nr.: 37.220.044 von oddl84 am 20.05.09 16:26:02steigt weiter und das Volumen zieht ebenfalls an.
Antwort auf Beitrag Nr.: 37.220.226 von oddl84 am 20.05.09 16:43:43
Vllt kommen die 2 $ ja doch früher als gedacht![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
Du bist aber eh mehr in Cambrian drin, oder?
Vllt kommen die 2 $ ja doch früher als gedacht
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Du bist aber eh mehr in Cambrian drin, oder?
wann gehts eigentlich weiter !??!
Antwort auf Beitrag Nr.: 37.220.374 von marvessa am 20.05.09 16:56:31
Wurde nicht genannt.
Wurde nicht genannt.
Endlich mal wieder bei einem Trading-Halt dabei .... ADRENALIN
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
bei cambrian sind die umsätze quasi explodiert,seit dem trading halt.
Antwort auf Beitrag Nr.: 37.220.268 von finanzmarc am 20.05.09 16:47:02Ja, hab meinen Bestand aber halbiert und meinen Einsatz + ein paar Zusatzprozent bereits herausgeholt... ist zwar eigentlich vernünftig, ärgert mich nun aber trotzdem ein wenig...
Antwort auf Beitrag Nr.: 37.220.597 von oddl84 am 20.05.09 17:14:56freu dich an dem was du hast und nicht an dem was du hättest haben können.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.220.655 von bolst am 20.05.09 17:18:48ja weiße Worte...
20.05.09 16:08
0,590 EUR
Diff. +0,14
Diff.% +31,11%
ISIN GB0031630527
WKN 912789
Typ Aktie
Handelsplatz wählen
Berlin Frankfurt München Stuttgart Xetra
Geldkurs 0,484
Geld-Vol. 40.000
Briefkurs 0,613
Brief-Vol. 40.000
Datum 20.05.09
Kurszeit 17:13
0,590 EUR
Diff. +0,14
Diff.% +31,11%
ISIN GB0031630527
WKN 912789
Typ Aktie
Handelsplatz wählen
Berlin Frankfurt München Stuttgart Xetra
Geldkurs 0,484
Geld-Vol. 40.000
Briefkurs 0,613
Brief-Vol. 40.000
Datum 20.05.09
Kurszeit 17:13
langer Trading Halt
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
VANCOUVER, May 20 /CNW/ - The independent directors of Western Canadian Coal Corp. (AIM: WTN and TSX: WTN, WTN.DB, WTN.WT) ("Western" or the "Company" and the "Western Independent Directors") are pleased to announce that Western has entered into a definitive agreement pursuant to which Western will acquire, by way of a UK scheme of arrangement, all of the issued and to be issued ordinary share capital of Cambrian Mining Plc (AIM: CBM) ("Cambrian" and the "Cambrian Independent Directors") (the "Acquisition").
The combined operations of Western, a Canadian producer of high quality metallurgical coal, and Cambrian, a UK based diversified mining company operating in three continents, will result in a financially stronger and more diversified coal mining company. The combination of these two companies is an excellent strategic fit, as Cambrian, with a 34% interest in Western's common shares and C$29 million ownership of Western's convertible debentures, has been instrumental in developing Western's mines and bringing them into operation.
The Acquisition values Cambrian at approximately (pnds stlg)67.4 million (or C$120 million) and each Cambrian Share at 57 pence based on the Closing Price of one Western Share of 76 pence on May 19, 2009, the last Dealing Day prior to the date of this announcement.
Mr. John Byrne, Chairman of Western and Cambrian, comments, "This transaction is demonstrably beneficial to shareholders for both companies. It simplifies the corporate structure and provides a solid foundation for growth. From the Western shareholder's perspective, Western will acquire 100% of low-cost metallurgical and thermal coal mines in West Virginia, 50.6% of a thermal coal mine in the UK, 45% of Xtract Energy, and 100% of AGD Mining. From the Cambrian shareholders' perspective, this transaction will remove the holding company discount which we believe has affected the valuation of the company for many years and shareholders will retain a significant interest in a larger and financially stronger group."
KEY ACQUISITION BENEFITS
The creation of a larger, stronger, and more diversified coal mining company will significantly increase the long-term growth prospects of the combined company. The key benefits of the Acquisition are:
- Globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales,
UK;
- Product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- Sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- An expansion of coal reserves and resources by 39% and 50%,
respectively;
- Increased size with the 100% increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to over 10 million tonnes per year;
- Cost savings through reduced overhead, marketing and operational
synergies;
- A simplified ownership structure that will increase the public float
of shares by 55%.
BOARD OF DIRECTORS
On completion of the merger, the board of Western will continue to be John Brodie, John Byrne, Robert Chase, John Conlon, John Hogg, who will also continue to be Western's President & CEO, Charles Pitcher and Julian Treger.
TERMS OF THE ACQUISITION
The Acquisition will be carried out by way of a scheme of arrangement of Cambrian under English law, involving a reduction of capital under English law, pursuant to which all of the issued and to be issued ordinary share capital of Cambrian (other than treasury shares or shares held by Western) will be cancelled, new shares issued to Western and Cambrian will become a wholly-owned subsidiary of Western.
Under the Acquisition, holders of ordinary shares in Cambrian ("Cambrian Shareholders" and "Cambrian Shares") will receive 0.75 common shares in Western ("Western Shares") for every 1 Cambrian Share held. Upon completion of the Acquisition, Western will issue approximately 88.6 million new common shares, representing approximately 29.5% of Westerns issued and outstanding shares, as increased by this issue, but before any adjustment for the approximately 72.1 million common shares that the Cambrian Group will continue to hold upon the Scheme becoming effective. Upon cancellation of those shares, the new Western common shares will represent approximately 38.9% of Western's issued and outstanding shares.
Irrevocable agreements to vote in favour of the Acquisition have been secured from Audley European Opportunities Master Fund Limited, in respect of approximately 24.7% of Cambrian's ordinary shares (other than treasury shares or shares held by Western).
Full details of the Acquisition will be included in the Management Information Circular of Western and Scheme Document of Cambrian, which will be mailed to the Western shareholders and Cambrian shareholders, respectively. The documents are expected to be filed with the appropriate regulatory authorities and mailed to the applicable company's shareholders by May 26, 2009.
The Acquisition is subject to the usual regulatory and court approvals and to obtaining the approval of a minimum 75% by value and more than 50% by number approval of those shares voted at a meeting of the shareholders of Cambrian, and the majority approval of the minority shareholders of Western, being all shareholders of Western other than Cambrian, Audley European Opportunities Master Fund Limited and their respective associates and affiliates, at a special meeting of the shareholders of Western. Western will be holding a shareholder meeting on June 24, 2009. The parties expect that the Acquisition will close in early July 2009.
ADVISORS
Western's financial advisors are Cormark Securities Inc. (Cormark) and Cenkos Securities plc, who is also the Company's nominated advisor (NOMAD). Lawson Lundell LLP (Canada) and Reynolds Porter Chamberlain LLP (England) are Western's legal counsel. Fraser Milner Casgrain LLP is acting as legal counsel to Western's Independent Directors.
Cambrian's financial advisor and NOMAD is Singer Capital Markets Limited. Goodmans LLP in Canada and Trowers & Hamlins LLP in the UK are acting as external legal counsel to Cambrian. Cambrian's Canadian financial advisors are GMP Securities LLP.
BOARD RECOMMENDATIONS
Based on the recommendation of the special committee of the Western Independent Directors, as well as a formal valuation and fairness opinion of Cormark, the board of directors of Western (with directors that also serve on Cambrian's board and Julian Treger abstaining from voting) have unanimously approved the Acquisition and will be recommending that the shareholders of Western approve the Acquisition. The board of directors of Cambrian (with directors that also serve on Western's board abstaining from voting) have also unanimously approved the Acquisition and the Cambrian Independent Directors will be recommending that the Cambrian Shareholders approve the Acquisition.
CONFERENCE CALL
Western will be hosting a conference call to present the Acquisition at 10:30am (Pacific) on May 20, 2009. To listen to the call, dial either 1-800-731-5319 or 416-644-3426. The call will also be webcast live on the Company's website at www.westerncanadiancoal.com. Accompanying presentation slides will also be available on the Company's website.
The combined operations of Western, a Canadian producer of high quality metallurgical coal, and Cambrian, a UK based diversified mining company operating in three continents, will result in a financially stronger and more diversified coal mining company. The combination of these two companies is an excellent strategic fit, as Cambrian, with a 34% interest in Western's common shares and C$29 million ownership of Western's convertible debentures, has been instrumental in developing Western's mines and bringing them into operation.
The Acquisition values Cambrian at approximately (pnds stlg)67.4 million (or C$120 million) and each Cambrian Share at 57 pence based on the Closing Price of one Western Share of 76 pence on May 19, 2009, the last Dealing Day prior to the date of this announcement.
Mr. John Byrne, Chairman of Western and Cambrian, comments, "This transaction is demonstrably beneficial to shareholders for both companies. It simplifies the corporate structure and provides a solid foundation for growth. From the Western shareholder's perspective, Western will acquire 100% of low-cost metallurgical and thermal coal mines in West Virginia, 50.6% of a thermal coal mine in the UK, 45% of Xtract Energy, and 100% of AGD Mining. From the Cambrian shareholders' perspective, this transaction will remove the holding company discount which we believe has affected the valuation of the company for many years and shareholders will retain a significant interest in a larger and financially stronger group."
KEY ACQUISITION BENEFITS
The creation of a larger, stronger, and more diversified coal mining company will significantly increase the long-term growth prospects of the combined company. The key benefits of the Acquisition are:
- Globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales,
UK;
- Product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- Sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- An expansion of coal reserves and resources by 39% and 50%,
respectively;
- Increased size with the 100% increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to over 10 million tonnes per year;
- Cost savings through reduced overhead, marketing and operational
synergies;
- A simplified ownership structure that will increase the public float
of shares by 55%.
BOARD OF DIRECTORS
On completion of the merger, the board of Western will continue to be John Brodie, John Byrne, Robert Chase, John Conlon, John Hogg, who will also continue to be Western's President & CEO, Charles Pitcher and Julian Treger.
TERMS OF THE ACQUISITION
The Acquisition will be carried out by way of a scheme of arrangement of Cambrian under English law, involving a reduction of capital under English law, pursuant to which all of the issued and to be issued ordinary share capital of Cambrian (other than treasury shares or shares held by Western) will be cancelled, new shares issued to Western and Cambrian will become a wholly-owned subsidiary of Western.
Under the Acquisition, holders of ordinary shares in Cambrian ("Cambrian Shareholders" and "Cambrian Shares") will receive 0.75 common shares in Western ("Western Shares") for every 1 Cambrian Share held. Upon completion of the Acquisition, Western will issue approximately 88.6 million new common shares, representing approximately 29.5% of Westerns issued and outstanding shares, as increased by this issue, but before any adjustment for the approximately 72.1 million common shares that the Cambrian Group will continue to hold upon the Scheme becoming effective. Upon cancellation of those shares, the new Western common shares will represent approximately 38.9% of Western's issued and outstanding shares.
Irrevocable agreements to vote in favour of the Acquisition have been secured from Audley European Opportunities Master Fund Limited, in respect of approximately 24.7% of Cambrian's ordinary shares (other than treasury shares or shares held by Western).
Full details of the Acquisition will be included in the Management Information Circular of Western and Scheme Document of Cambrian, which will be mailed to the Western shareholders and Cambrian shareholders, respectively. The documents are expected to be filed with the appropriate regulatory authorities and mailed to the applicable company's shareholders by May 26, 2009.
The Acquisition is subject to the usual regulatory and court approvals and to obtaining the approval of a minimum 75% by value and more than 50% by number approval of those shares voted at a meeting of the shareholders of Cambrian, and the majority approval of the minority shareholders of Western, being all shareholders of Western other than Cambrian, Audley European Opportunities Master Fund Limited and their respective associates and affiliates, at a special meeting of the shareholders of Western. Western will be holding a shareholder meeting on June 24, 2009. The parties expect that the Acquisition will close in early July 2009.
ADVISORS
Western's financial advisors are Cormark Securities Inc. (Cormark) and Cenkos Securities plc, who is also the Company's nominated advisor (NOMAD). Lawson Lundell LLP (Canada) and Reynolds Porter Chamberlain LLP (England) are Western's legal counsel. Fraser Milner Casgrain LLP is acting as legal counsel to Western's Independent Directors.
Cambrian's financial advisor and NOMAD is Singer Capital Markets Limited. Goodmans LLP in Canada and Trowers & Hamlins LLP in the UK are acting as external legal counsel to Cambrian. Cambrian's Canadian financial advisors are GMP Securities LLP.
BOARD RECOMMENDATIONS
Based on the recommendation of the special committee of the Western Independent Directors, as well as a formal valuation and fairness opinion of Cormark, the board of directors of Western (with directors that also serve on Cambrian's board and Julian Treger abstaining from voting) have unanimously approved the Acquisition and will be recommending that the shareholders of Western approve the Acquisition. The board of directors of Cambrian (with directors that also serve on Western's board abstaining from voting) have also unanimously approved the Acquisition and the Cambrian Independent Directors will be recommending that the Cambrian Shareholders approve the Acquisition.
CONFERENCE CALL
Western will be hosting a conference call to present the Acquisition at 10:30am (Pacific) on May 20, 2009. To listen to the call, dial either 1-800-731-5319 or 416-644-3426. The call will also be webcast live on the Company's website at www.westerncanadiancoal.com. Accompanying presentation slides will also be available on the Company's website.
grad ne Mail bekommen aus dem hause, ist noch feucht vom druck ![:)](//img.wallstreet-online.de/smilies/smile.gif)
Western Canadian Coal and Cambrian Mining Combine To Create a Larger, Stronger Coal Company
VANCOUVER, May 20 /CNW/ - The independent directors of Western Canadian
Coal Corp. (AIM: WTN and TSX: WTN, WTN.DB, WTN.WT) ("Western" or the "Company"
and the "Western Independent Directors") are pleased to announce that Western
has entered into a definitive agreement pursuant to which Western will
acquire, by way of a UK scheme of arrangement, all of the issued and to be
issued ordinary share capital of Cambrian Mining Plc (AIM: CBM) ("Cambrian"
and the "Cambrian Independent Directors") (the "Acquisition").
The combined operations of Western, a Canadian producer of high quality
metallurgical coal, and Cambrian, a UK based diversified mining company
operating in three continents, will result in a financially stronger and more
diversified coal mining company. The combination of these two companies is an
excellent strategic fit, as Cambrian, with a 34% interest in Western's common
shares and C$29 million ownership of Western's convertible debentures, has
been instrumental in developing Western's mines and bringing them into
operation.
The Acquisition values Cambrian at approximately (pnds stlg)67.4 million
(or C$120 million) and each Cambrian Share at 57 pence based on the Closing
Price of one Western Share of 76 pence on May 19, 2009, the last Dealing Day
prior to the date of this announcement.
Mr. John Byrne, Chairman of Western and Cambrian, comments, "This
transaction is demonstrably beneficial to shareholders for both companies. It
simplifies the corporate structure and provides a solid foundation for growth.
From the Western shareholder's perspective, Western will acquire 100% of
low-cost metallurgical and thermal coal mines in West Virginia, 50.6% of a
thermal coal mine in the UK, 45% of Xtract Energy, and 100% of AGD Mining.
From the Cambrian shareholders' perspective, this transaction will remove the
holding company discount which we believe has affected the valuation of the
company for many years and shareholders will retain a significant interest in
a larger and financially stronger group."
KEY ACQUISITION BENEFITS
The creation of a larger, stronger, and more diversified coal mining
company will significantly increase the long-term growth prospects of the
combined company. The key benefits of the Acquisition are:
- Globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales,
UK;
- Product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- Sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- An expansion of coal reserves and resources by 39% and 50%,
respectively;
- Increased size with the 100% increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to over 10 million tonnes per year;
- Cost savings through reduced overhead, marketing and operational
synergies;
- A simplified ownership structure that will increase the public float
of shares by 55%.
BOARD OF DIRECTORS
On completion of the merger, the board of Western will continue to be
John Brodie, John Byrne, Robert Chase, John Conlon, John Hogg, who will also
continue to be Western's President & CEO, Charles Pitcher and Julian Treger.
TERMS OF THE ACQUISITION
The Acquisition will be carried out by way of a scheme of arrangement of
Cambrian under English law, involving a reduction of capital under English
law, pursuant to which all of the issued and to be issued ordinary share
capital of Cambrian (other than treasury shares or shares held by Western)
will be cancelled, new shares issued to Western and Cambrian will become a
wholly-owned subsidiary of Western.
Under the Acquisition, holders of ordinary shares in Cambrian ("Cambrian
Shareholders" and "Cambrian Shares") will receive 0.75 common shares in
Western ("Western Shares") for every 1 Cambrian Share held. Upon completion of
the Acquisition, Western will issue approximately 88.6 million new common
shares, representing approximately 29.5% of Westerns issued and outstanding
shares, as increased by this issue, but before any adjustment for the
approximately 72.1 million common shares that the Cambrian Group will continue
to hold upon the Scheme becoming effective. Upon cancellation of those shares,
the new Western common shares will represent approximately 38.9% of Western's
issued and outstanding shares.
Irrevocable agreements to vote in favour of the Acquisition have been
secured from Audley European Opportunities Master Fund Limited, in respect of
approximately 24.7% of Cambrian's ordinary shares (other than treasury shares
or shares held by Western).
Full details of the Acquisition will be included in the Management
Information Circular of Western and Scheme Document of Cambrian, which will be
mailed to the Western shareholders and Cambrian shareholders, respectively.
The documents are expected to be filed with the appropriate regulatory
authorities and mailed to the applicable company's shareholders by May 26,
2009.
The Acquisition is subject to the usual regulatory and court approvals
and to obtaining the approval of a minimum 75% by value and more than 50% by
number approval of those shares voted at a meeting of the shareholders of
Cambrian, and the majority approval of the minority shareholders of Western,
being all shareholders of Western other than Cambrian, Audley European
Opportunities Master Fund Limited and their respective associates and
affiliates, at a special meeting of the shareholders of Western. Western will
be holding a shareholder meeting on June 24, 2009. The parties expect that the
Acquisition will close in early July 2009.
ADVISORS
Western's financial advisors are Cormark Securities Inc. (Cormark) and
Cenkos Securities plc, who is also the Company's nominated advisor (NOMAD).
Lawson Lundell LLP (Canada) and Reynolds Porter Chamberlain LLP (England) are
Western's legal counsel. Fraser Milner Casgrain LLP is acting as legal counsel
to Western's Independent Directors.
Cambrian's financial advisor and NOMAD is Singer Capital Markets Limited.
Goodmans LLP in Canada and Trowers & Hamlins LLP in the UK are acting as
external legal counsel to Cambrian. Cambrian's Canadian financial advisors are
GMP Securities LLP.
BOARD RECOMMENDATIONS
Based on the recommendation of the special committee of the Western
Independent Directors, as well as a formal valuation and fairness opinion of
Cormark, the board of directors of Western (with directors that also serve on
Cambrian's board and Julian Treger abstaining from voting) have unanimously
approved the Acquisition and will be recommending that the shareholders of
Western approve the Acquisition. The board of directors of Cambrian (with
directors that also serve on Western's board abstaining from voting) have also
unanimously approved the Acquisition and the Cambrian Independent Directors
will be recommending that the Cambrian Shareholders approve the Acquisition.
CONFERENCE CALL
Western will be hosting a conference call to present the Acquisition at
10:30am (Pacific) on May 20, 2009. To listen to the call, dial either
1-800-731-5319 or 416-644-3426. The call will also be webcast live on the
Company's website at www.westerncanadiancoal.com. Accompanying presentation
slides will also be available on the Company's website.
About Cambrian Mining Plc
Cambrian Mining Plc is a diversified mining group, headquartered in
London, UK. Cambrian operates in three continents and produces four
commodities. The Cambrian Group produces metallurgical coal, thermal coal,
gold and antimony from four locations; West Virginia USA, Western Canada,
Wales and Victoria, Australia. Cambrian's customers are located in Asia,
Western Europe and USA. Cambrian actively looks for growth through
acquisitions and organic development. For more information, visit
www.cambrianmining.com.
About Western Canadian Coal Corp
Western Canadian Coal Corp. produces high quality metallurgical coal from
mines located in north eastern British Columbia. The coal is sold to many of
the top steelmakers in the world. Western also has interests in various coal
properties in northern and southern British Columbia and a 50% interest to
explore and develop the Belcourt and Saxon group of properties in northern
British Columbia. For more information, visit www.westerncanadiancoal.com.
Forward-Looking Information
This news release contains "forward-looking information" within the
meaning of applicable securities laws. Forward-looking information includes,
but is not limited to, information concerning the proposed business
combination between Western and Cambrian and matters relating thereto.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of such
words and phrases or statements that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of
management at the date the information is made, and is based on a number of
assumptions and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. Assumptions upon which
such forward-looking information is based include, without limitation, that
the shareholders of Western and Cambrian will approve the Acquisition, that
all required third party, court, regulatory and governmental approvals to the
Acquisition will be obtained and all other conditions to the making of any
offer and/or the completion of the Acquisition will be satisfied or waived.
Many of these assumptions are based on factors and events that are not within
the control of Western and Cambrian and there is no assurance they will prove
to be correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information include changes in
market conditions, variations in coal recovery rates, risks relating to
international operations, fluctuating coal prices and currency exchange rates,
changes in project parameters, the possibility of project cost overruns or
unanticipated costs and expenses, labour disputes and other risks of the
mining industry, failure of plant, equipment or processes to operate as
anticipated, the business of the companies not being integrated successfully
or such integration proving more difficult, time consuming or costly than
expected as well as those risk factors discussed in the Annual Information
Form for the year ended March 31, 2008 for Western available on www.sedar.com
and the June 30, 2008 Annual Report for Cambrian available in Cambrian's
website at www.cambrianmining.com. Although Western and Cambrian have
attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Western and Cambrian undertake no obligation to update
forward-looking information if circumstances or management's estimates or
opinions should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
information.
The Announcement made today is in accordance with the Rule 2.5 of the UK
Takeover Code. The 2.5 announcement follows.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE REPUBLIC OF SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
20 May 2009
Recommended proposal for the acquisition of Cambrian Mining Plc
by Western Canadian Coal Corp.
to be implemented by means of a scheme of arrangement
and extension to Cambrian's US $27million 6.750 per cent.
unsecured convertible notes
Summary
- The Cambrian Independent Directors and the Western Independent
Directors are pleased to announce the terms of a recommended proposal
for the acquisition by Western of the whole of the issued and to be
issued ordinary share capital of Cambrian. It is intended that the
Proposal will be effected by way of a scheme of arrangement of
Cambrian under section 899 of the Companies Act 2006.
- Under the Proposal, Scheme Shareholders will receive 0.75 new Western
Shares for every 1 Cambrian Share held.
- The Proposal values the entire issued ordinary share capital of
Cambrian at approximately (pnds stlg)67.4 million and each Cambrian
Share at 57.0 pence based on the Closing Price of one Western Share
of 76 pence on 19 May 2009, being the last Dealing Day prior to the
date of this announcement.
- Based on yesterday's Closing Price of a Western Share, the
consideration under the Proposal represents:
- a premium of approximately 246 per cent. to the Closing Price of a
Cambrian Share of 16.5 pence on 15 December 2008, being the last
Dealing Day prior to the commencement of the Offer Period; and
- a premium of approximately 27 per cent. to the Closing Price of a
Cambrian Share of 44.75 pence on 19 May 2009, being the last
Dealing Day prior to this announcement.
- In agreeing to the cancellation of their Cambrian Shares in exchange
for the receipt of Western Shares, the Cambrian Independent Directors
believe that Cambrian Shareholders will benefit from continuing to
hold an investment in the same underlying assets while gaining a more
direct investment in Western's assets. In addition, by being part of
the Enlarged Group, Cambrian will benefit from:
- a transaction that is consistent with Cambrian's stated strategy
of transforming into an operating mining company;
- a strengthened balance sheet;
- increased capital market scale and increased share liquidity;
- improved prospects of retaining existing, and attracting new
personnel through an enhanced group profile and scale synergies;
and
- simplification of the structure of the Cambrian Group.
The Western Independent Directors believe that the Proposal will allow
Western to benefit from the creation of a larger, stronger, and more
diversified coal mining company, which will significantly increase the
long-term prospects of the combined company. The key benefits are:
- globally diversified operations, with operating coal mines in
three key coal producing regions (Western Canada, West Virginia
and Wales);
- product diversification with the introduction of thermal coal to
the existing product mix of hard coking coal and low-vol PCI coal;
- sales diversification with a more balanced sales program into
Asia, Europe and the USA;
- an expansion of coal reserves and resources by 39 per cent. and 50
per cent. respectively;;
- increased size with the 100 per cent. increase in the current's
coal production to approximately 3.5 million tonnes, with the
potential to grow to 10 million tonnes per year;
- cost savings through reduced overhead, marketing and operational
synergies; and
- a simplified ownership structure that will increase the public
float of shares by 55 per cent.
- The Cambrian Independent Directors, who have been so advised by
Singer, consider the terms of the Proposal to be fair and reasonable.
In providing its advice to them, Singer has taken into account the
commercial assessment of the Cambrian Independent Directors. Further
important background to the recommendation is given in the full
announcement.
- The Cambrian Independent Directors will recommend that Cambrian
Shareholders vote in favour of the resolution to approve the Scheme
to be proposed at the Court Meeting and vote in favour of the Special
Resolution to be proposed at the General Meeting.
- The Proposal will be put to Cambrian Shareholders at the Court
Meeting and at the General Meeting, which are expected to be held on
23 June 2009. To become effective, the Scheme must be approved by a
majority in number of the holders of Cambrian Shares present and
voting at the Court Meeting, either in person or by proxy,
representing not less than three fourths in value of the Scheme
Shares that are voted at the Court Meeting. In addition, a special
resolution implementing the Scheme and sanctioning the related
reduction of share capital must be passed by Cambrian Shareholders
representing 75 per cent. of the votes cast at the General Meeting.
- The Scheme is a "related party transaction" for the purposes of
Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), the applicable
Canadian securities law that governs certain transactions which raise
the potential for significant conflicts of interest, including
related party transactions. Pursuant to the requirements for a
related party transaction under MI 61-101 in addition to any other
required security holder approval that may be required in order to
complete a related party transaction, Western must obtain the
approval of at least a simple majority of the votes cast by
"minority" holders of Western Shares. The "minority" holders of
Western Shares for the purposes of the Scheme are all Western
Shareholders other than Cambrian, the Audley Fund, their respective
associates and affiliates, and any related party of any of them, and
any person acting jointly or in concert with any of them.
- An irrevocable undertaking to vote in favour of the Scheme and the
resolutions at the Court Meeting and the General Meeting has been
secured in respect of, in aggregate, 29,142,484 Cambrian Shares,
representing approximately 24.7 per cent. of the existing Cambrian
Shares.
- It is expected that the Scheme Document will be posted on 22 May 2009
and that the Scheme will become effective on 13 July 2009, subject to
the satisfaction of the Conditions set out in Appendix I.
- It is expected that a Management Information Circular will be posted
to Western Shareholders no later than 26 May 2009.
- Cenkos Securities is acting as financial adviser to Western and no
one else in connection with the Offer. Singer is acting as financial
adviser to Cambrian and no one else in relation to the Proposal.
Cormark Securities is acting as financial adviser to Western. GMP
Securities LP is acting as financial adviser to Cambrian.
- The Cambrian Noteholders have agreed to an amendment to the current
terms and conditions of the Cambrian Notes. The principal terms of
the amendments are as follows:
- a ninety day extension of the term so that the maturity date is
extended from 23 May 2009 to 21 August 2009;
- interest rate increase from 6.75 per cent. to 15.0 per cent. per
annum during the extension period, payable monthly in arrears;
- in the event that the Scheme becomes effective, Cambrian will be
required to redeem the Cambrian Notes in full within five business
days of the Effective Date; and
- additional covenants are given by Cambrian in relation to Cambrian
and its subsidiaries which are deemed relatively standard for an
agreement of this type.
The obligation to redeem the Cambrian Notes in full within five business
days of the Scheme becoming effective will also fall on the Enlarged Group
from such date.
The Chairman of both Western and Cambrian, Mr John Byrne, commented:
"This transaction is demonstrably beneficial to shareholders. It
simplifies the corporate structure and provides a solid foundation for growth.
From a Western shareholder's perspective Western acquires 100 per cent.
of ADC, 50.6 per cent. of Energybuild, 45.3 per cent. of Xtract and 100 per
cent. of AGD Mining.
From the Cambrian shareholder's perspective, this transaction will remove
the holding company discount which has affected the valuation of the company
for many years and shareholders will retain a significant interest in a larger
and financially stronger group."
Enquiries in relation to Cambrian please contact:
Cambrian Mining Plc Mark Burridge / Braam Jonker +44 20 7409 0890
Singer Capital Markets Jeff Keating / Gareth Price +44 20 3205 7500
Scott Harris Stephen Scott / Ian Middleton +44 20 7653 0030
Enquiries in relation to Western please contact:
Western Canadian Coal
Corp. David Jan +1.604.694.2891
Cenkos Securities plc Ivonne Cantu / Adrian Hargrave +44 20 7397 8920
Barnes McInerney (media) Camilla Bartosiewicz +1 416 367 5000
Ext. 240
This summary should be read in conjunction with the full text of the
attached announcement (including the Appendices).
Terms used in this summary shall have the meaning given to them in the
full announcement. All times referred to are London times unless otherwise
stated.
This announcement is not intended to, and does not, constitute or form
part of any offer to sell or an invitation to purchase or to subscribe for any
securities pursuant to the Proposal or otherwise or the solicitation of any
vote or approval in any jurisdiction. The Proposal will be made solely through
the Scheme Document, which will contain the full terms and conditions of the
Proposal, including details of how to vote in respect of the Proposal. Any
approval or other response to the Proposal should be made only on the basis of
the information in the Scheme Document. Cambrian and Western Shareholders are
advised to read carefully the formal documentation in relation to the Proposal
once it has been dispatched.
The availability of the Proposal to persons not resident in the United
Kingdom may be affected by the laws of the relevant jurisdiction. Any persons
who are subject to the laws of any jurisdiction other than the UK should
inform themselves about and observe any applicable requirements. New Western
Shares in the hands of certain US Persons are subject to certain restrictions
noted in paragraph 15 of the announcement.
Copies of this announcement are not being, and must not be, directly or
indirectly mailed or otherwise forwarded, distributed or sent in or into any
jurisdiction where to do so would violate the laws of that jurisdiction and
persons receiving this announcement (including custodians, nominees and
trustees) must not mail or otherwise forward, distribute or otherwise send it
in, or into or from any such jurisdiction. Further details in relation to
overseas shareholders will be contained in the Scheme Document.
This announcement has been prepared in accordance with English Law, the
Takeover Code and the AIM Rules and information disclosed may not be the same
as that which would have been prepared in accordance with the laws of
jurisdictions outside England. The Proposal will be subject to the applicable
rules and regulations of the Financial Services Authority, the London Stock
Exchange and the Takeover Code.
This announcement, including information included or incorporated by
reference in this announcement, may contain "forward-looking statements"
concerning the Cambrian Group and the Western Group. Generally, the words
"will", "may", "should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking statements.
These forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from those expressed in the
forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond the companies' abilities to control or estimate
precisely, such as future market conditions and the behaviours of other market
participants, and therefore undue reliance should not be placed on such
statements. Cambrian and Western assume no obligation and do not intend to
update these forward-looking statements, except as required pursuant to
applicable law.
Singer, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting for Cambrian and no one else in
connection with the matters described in this announcement and will not be
responsible to anyone other than Cambrian for providing the protections
afforded to customers of Singer or for providing advice in relation to the
Proposal or any other matters referred to in this announcement.
Cenkos Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively as
financial adviser for Western and no one else in connection with the Proposal
and will not be responsible to anyone other than Western for providing the
protections afforded to customers of Cenkos Securities or for providing advice
in relation to the contents of the Proposal or any matters referred to in this
announcement.
Under the provisions of Rule 8.3 of the Takeover Code, if any person is,
or becomes, "interested" (directly or indirectly) in 1 per cent. or more of
any class of "relevant securities" of Cambrian, all "dealings" in any
"relevant securities" of Cambrian (including by means of an option in respect
of, or a derivative referenced to, any such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the Scheme becomes effective or lapses
or is otherwise withdrawn or on which the "offer period" otherwise ends. If
two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire an "interest" in "relevant securities"
of Cambrian, they will be deemed to be a single person for the purpose of Rule
8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in
"relevant securities" of Cambrian, by Western, or by any of their respective
"associates", must be disclosed by no later than 12.00 noon (London time) on
the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option
in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Takeover Code, which can also
be found on the Panel's website. If you are in any doubt as to whether or not
you are required to disclose a "dealing" under Rule 8, you should consult the
Panel.
Appendix I sets out the conditions to implementation of the Proposal and
the Scheme.
Appendix II contains the definitions of terms used in this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE REPUBLIC OF SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
20 May 2009
Recommended proposal for the acquisition of Cambrian Mining Plc
by Western Canadian Coal Corp.
to be implemented by means of a scheme of arrangement
and extension to Cambrian's US $27million 6.75 per cent. unsecured
convertible notes
1. Introduction
Further to the announcements by Cambrian and Western on 24 December 2008,
the Cambrian Independent Directors and the Western Independent Directors are
pleased to announce that they have reached agreement on the terms of a
recommended proposal for the acquisition by Western of the whole of the issued
and to be issued ordinary share capital of Cambrian. The Proposal is to be
effected by way of a scheme of arrangement of Cambrian under section 899 of
the Companies Act involving a reduction of capital under section 135 of the
1985 Act, which requires approval by the Cambrian Shareholders (other than
Western) and the sanction of the Court. Upon the Scheme becoming effective,
Scheme Shareholders will receive 0.75 New Western Shares for every Scheme
Share held. No fractions of New Western Shares will be allotted.
The Cambrian Noteholders of the US$27 million 6.750 per cent. unsecured
Cambrian Notes have agreed to an amendment to the current terms and conditions
of the Cambrian Notes. The principal terms of the amendments are as follows:
- a ninety day extension of the term so that the maturity date is
extended from 23 May 2009 to 21 August 2009;
- interest rate increase from 6.75 per cent. to 15.0 per cent. per
annum during the extension period, payable monthly in arrears;
- Cambrian is required to redeem the Cambrian Notes in full within five
business days of the Scheme becoming effective; and
- additional covenants are given by Cambrian in relation to Cambrian
and its subsidiaries which are deemed relatively standard for an
agreement of this type.
The obligation to redeem the Cambrian Notes in full within five business
days of the Scheme becoming effective will also fall on the Enlarged Group
from such date.
2. Summary of the terms of the Proposal
The Proposal is to be effected by way of a Court sanctioned scheme of
arrangement of Cambrian under section 899 of the Companies Act involving a
reduction of capital under section 135 of the 1985 Act. The scheme is subject
to the Conditions and the further terms set out in Appendix I of this
document. If the Scheme becomes effective, the Scheme Shares will be cancelled
and Cambrian will become a wholly owned subsidiary of Western.
In consideration for the cancellation of the Scheme Shares, Scheme
Shareholders will receive:
0.75 New Western Shares for every 1 Scheme Share Held
The Proposal values the entire issued ordinary share capital of Cambrian
at approximately (pnds stlg)67.4 million and each Cambrian Share at 57.0 pence
based on the Closing Price of one Western Share of 76.0 pence on 19 May 2009,
being the last Dealing Day prior to the date of this announcement.
Based on yesterday's Closing Price of a Western Share, the consideration
under the Proposal represents:
- a premium of approximately 246 per cent. to the Closing Price of a
Cambrian Share of 16.5 pence on 15 December 2008, being the last
Dealing Day prior to the commencement of the Offer Period; and
- a premium of approximately 27 per cent. to the Closing Price of a
Cambrian Share of 44.75 pence on 19 May 2009, being the last Dealing
Day prior to this announcement.
Assuming no further shares are issued by Cambrian prior to the Scheme
becoming effective, implementation of the Scheme would involve the issue by
Western of up to approximately 88.6 million New Western Shares for the
existing issued Cambrian Shares, excluding the Treasury Shares. This would
represent approximately 38.9 per cent. of Western's issued share capital, as
enlarged by this issue, excluding the approximately 72.1 million Western
Shares that the Cambrian Group will continue to hold immediately following the
Scheme becoming effective and it would represent approximately 29.5 per cent.
of Western's enlarged share capital including the Cambrian Group's
shareholding. Under British Columbia corporate law common shares of a company
held by a subsidiary of that company may not be voted on any matters relating
to such company, and subject to tax and other structuring considerations, the
72.1 million Western Shares owned by the Cambrian Group may be cancelled, in
which case the New Western Shares issued to Cambrian Shareholders will
represent 38.9 per cent. of Western's issued share capital.
The Scheme will become effective upon the sanctioning by the Court of the
Scheme and of the Reduction of Capital and the delivery to the Registrar of
Companies of a copy of the Orders which, subject to the Court's timetable, is
expected to occur by close of business on 13 July 2009.
It is intended that Western will acquire at least one Cambrian Share
which will mean that Western will be a member of Cambrian on the Effective
Date and accordingly there will be no requirement under section 103 of the
Companies Act 1985 for an independent valuation. As its Cambrian Share will
not be a Scheme Share which will be cancelled under the Proposal, Western is
precluded from voting at the Court Meeting and, accordingly, the Cambrian
Share held by Western will not count towards the majorities required to
approve the Scheme. Western will, however, undertake to be bound by the
Scheme. In addition John Byrne and John Conlon, each of whom is a director of
both Western and Cambrian (whose combined shareholdings in Cambrian are
7,711,262 ordinary shares), have indicated that they will not exercise their
rights to vote at the Court Meeting.
3. Irrevocable undertakings
The Audley Fund has irrevocably undertaken to exercise (or procure the
exercise of) the voting rights in respect of its interest in 29,142,484
Cambrian Shares, (representing approximately 24.7 per cent. of the existing
Cambrian Shares) in favour of the resolutions to be proposed at the Court
Meeting and the General Meeting. The irrevocable undertaking signed by the
Audley Fund will cease to be binding if an Independent Competing Offer is made
for Cambrian which is more favourable to the Cambrian Shareholders from a
financial point of view.
The Cambrian Independent Directors do not hold any Cambrian Shares but
have irrevocably undertaken, inter alia, to recommend the terms of the
Proposal. John Byrne and John Conlon have irrevocably undertaken, inter alia,
that in the event that Western switch the Scheme to an Offer they will accept
the Offer.
4. Background to and reasons for recommending the Proposal
During the last two years, one of Cambrian's main strategic objectives
has been to transform itself from a holding company for mining investments
into an operating mining group. Key transactions undertaken during this time
to transform the Cambrian Group have included assisting the refinancing and
ongoing strategic review of Western; acquiring the outstanding share capital
not previously owned by Cambrian in Coal International Plc (now Coal
International Limited); continuing to develop Cambrian's gold/antimony mine at
Costerfield, Australia; and the disposal of Cambrian's interests in Asian
Mineral Resources.
Cambrian has had a longstanding significant holding in Western and the
Cambrian Directors have for some time been considering Cambrian's options for
this investment. The Proposal represents an opportunity to continue the
Cambrian Group's transformation and to establish an Enlarged Group with a
diversified portfolio of assets, including:
- 100 per cent. ownership of three coal mines and two wash plants in
north east British Columbia, Canada with reported production for the
12 month period ended 30 June 2008 of 2.8 million tonnes of
metallurgical coal;
- 100 per cent. ownership of two coal mines and two wash plants in West
Virginia, US, with reported production for the year ended 30 June
2008 of 0.4 million short tons of metallurgical coal and 0.6 million
short tons of thermal coal;
- 50.6 per cent. interest in Energybuild Group Plc (AIM:EBG) with
reported production for the year ended 30 June 2008 of 0.1 million
tonnes of thermal coal and sized coal in Wales;
- future coal production potential of up to 10 million tonnes per annum
from existing reserves and resources; and
- increased coal reserves and resources
In considering whether to recommend the Proposal, the Cambrian
Independent Directors have taken into account a number of factors, including
Cambrian's financial commitments and stated strategy of transforming into an
operating mining company.
In agreeing to the cancellation of their Cambrian Shares in exchange for
the receipt of Western Shares, the Cambrian Independent Directors believe that
by being part of the Enlarged Group, Cambrian's Shareholders will benefit
from:
- gaining a more direct investment in Western's assets while continuing
its investment in the same other assets;
- a strengthened balance sheet;
- increased capital market scale and increased share liquidity;
- improved prospects of retaining existing, and attracting new
personnel through an enhanced group profile and scale synergies; and
- simplification of the structure of the Cambrian Group.
The Western Independent Directors believe that the Proposal will allow
Western to benefit from the creation of a larger, stronger, and more
diversified coal mining company, which will significantly increase the
long-term prospects of the combined company. The key benefits are:
- globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales)
- product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- an expansion of coal reserves and resources by 39 per cent. and 50
per cent. respectively;
- increased size with the 100 per cent. increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to 10 million tonnes per year;
- cost savings through reduced overhead, marketing and operational
synergies; and
- a simplified ownership structure that will increase the public float
of shares by 55 per cent.
5. Recommendation
The Cambrian Independent Directors, having been so advised by Singer,
consider the terms of the Proposal to be fair and reasonable. In providing its
advice to the Cambrian Independent Directors, Singer has taken into account
the commercial assessments of the Cambrian Independent Directors.
Accordingly, the Cambrian Independent Directors consider that the
resolutions to be proposed at the Court Meeting and the General Meeting are in
the best interests of Cambrian and Cambrian Shareholders. Accordingly, the
Cambrian Independent Directors recommend that (i) Cambrian Shareholders vote
in favour of the resolution to approve the Scheme to be proposed at the Court
Meeting and (ii) Cambrian Shareholders vote in favour of the Special
Resolution to be proposed at the General Meeting.
6. Information on Cambrian
Cambrian is an AIM quoted operating mining company that manages and
supports operations in coal and gold/antimony mining. The Cambrian Group has
been instrumental in supporting the development of a number of mines and
moving them into production. These include: Western's metallurgical coal mines
in British Columbia, Canada; metallurgical and thermal coal mines in West
Virginia, US; Energybuild's Aberpergwm coal mine in Wales; as well as a gold
and antimony mine in Victoria, Australia.
In addition to its mining operations Cambrian has investments in Xtract
Energy Plc, giving it exposure to energy projects and related technologies;
and NEMI, which has a 12 per cent. interest in Peace River Coal LP which in
turn has metallurgical coal interests in northeast British Columbia.
Financial information in relation to Cambrian will be set out in the
Scheme Document.
7. Information on Western
Western's principal business is the acquisition, exploration and
development of coal mining properties and the production and sale of high
quality metallurgical coal from mines located in northeast British Columbia,
Canada. Western has developed a diversified coal asset base adjacent to or
nearby existing infrastructure already established for the northeast
coalfields, including rail, port, town and other facilities.
Western holds the rights to two large multi-deposit coal property groups
- the Wolverine and Brazion groups of properties, which include approximately
35,000 hectares located in northeastern British Columbia under licence or
lease. Additionally, Western holds a 50 per cent. interest in the Belcourt
Saxon Coal Limited Partnership, which holds the rights to two additional
multi-deposit coal property groups - the Belcourt and Saxon groups of
properties, which include more than 50,000 hectares under lease or application
held by Belcourt Saxon Coal Limited.
Western's principal property assets are grouped geographically as
follows:
- the Perry Creek and EB open-pit deposits (the "Wolverine Project")
and the Hermann open-pit deposit, all of which are located within
Western's Wolverine group of coal properties; and
- the Brule Mine and Willow Creek Mine which are open-pit mines located
within Western's Brazion group of coal properties.
Western has demonstrated the economic viability of the Wolverine Mine,
Brule Mine, and the Willow Creek Mine through independent technical studies
that have been publicly disclosed and are available under Western's profile on
the SEDAR website at www.sedar.com.
Western has also published an independent technical study on the Belcourt
deposits in the Belcourt Saxon group of properties. This study has been
publicly disclosed and is available under Western's profile on the SEDAR
website at www.sedar.com
Western also owns or holds an interest in a number of other property
assets located in northeast and southeast British Columbia which are at a less
advanced stage of development.
Financial information in relation to Western will be set out in the
Scheme Document.
8. Management and employees
The board of directors of Western has given assurances to the board of
directors of Cambrian that, following the Scheme becoming effective, the
existing employment rights of all management and employees of the Cambrian
Group will be fully safeguarded.
Immediately after the Scheme has become effective, the management of
Western will commence a comprehensive review of the business model, operations
and staffing levels and roles within the Cambrian Group. Western expects that
this will lead to a reduction in staffing levels as a result of the
implementation of various cost synergies and operational efficiencies.
However, such steps will only be taken after consultation with the appropriate
bodies and/or employee representatives in accordance with legal obligations.
Western does not currently intend to redeploy the fixed assets of Cambrian to
an extent that would have a material impact on the business of Cambrian.
Western has confirmed to the board of directors of Cambrian that its
current plan for the Cambrian Group following the Scheme becoming effective
does not involve any material change in the terms and conditions of employment
of the Cambrian Group employees and there are currently no plans to change the
principal office location of Cambrian.
Following the Scheme becoming effective, the board of directors of
Western will continue to be comprised of the current members of the board,
including John Byrne and John Conlon. John Hogg, Western's current CEO, will
continue as the CEO of Western. The directors of Cambrian and each of its
wholly-owned subsidiaries will step down from the respective boards of those
companies shortly after the Effective Date and members of the management of
Western will be appointed in their place. It is the current intention that
Mark Burridge will stand down as CEO of Cambrian shortly after the Effective
Date.
9. Structure of the Scheme
The Acquisition is to be effected by way of a scheme of arrangement. The
Scheme is an agreement between Cambrian and the holders of Scheme Shares (as
defined in the Scheme) under section 899 of the Companies Act and is subject
to the sanction of the Court.
It is proposed that, under the Scheme, all the Scheme Shares in issue
prior to the Voting Record Time will be cancelled and that the reserve arising
from such cancellation will be applied in paying up in full a number of new
Cambrian Shares (having the same aggregate nominal value as is equal to the
aggregate nominal value of the Scheme Shares cancelled) and issuing them to
Western in consideration for which the holders of the cancelled Scheme Shares
will receive New Western Shares on the basis set out below. Any further Scheme
Shares issued before the Reduction Record Time and in respect of which the
holders are or have consented to be bound by the Scheme will also be subject
to the Scheme.
Scheme Shareholders who are on the register of members of Cambrian at the
Scheme Record Time will receive 0.75 New Western Shares for every 1 Cambrian
Share. No fractions of New Western Shares will be allotted.
Cambrian Shares issued after the Reduction Record Time will not be
subject to the Scheme. Accordingly, it is proposed that the Articles be
amended so that Cambrian Shares issued after the Reduction Record Time (other
than to Western or a nominee of Western) will be automatically acquired by
Western or a nominee of Western on the same terms as under the Scheme.
Any Cambrian Shares issued to holders of Options and Warrants on exercise
of their Options and Warrants after the Reduction Record Time will not be
included in the Scheme and such holders of Options or Warrants will not be
bound by the Scheme. The amendments to the Articles to be proposed at the
General Meeting will provide that any person acquiring Cambrian Shares after
the Reduction Record Time will be required to transfer them to Western on the
basis that they will receive the same number of New Western Shares to which
they would have been entitled had their shares been subject to the Scheme.
It is expected that the Scheme will become effective on the close of
business on 13 July 2009. The Scheme is subject to the Conditions and certain
further terms referred to in Appendix 1 to this document. In particular, the
Scheme requires the approval of Cambrian Shareholders (other than Western) by
the passing of a resolution at the Court Meeting. The resolution must be
approved by a majority in number of the Cambrian Shareholders present and
voting, either in person or by proxy, representing not less than three fourths
in value of the Cambrian Shares held by such Cambrian Shareholders.
Implementation of the Scheme will also require the passing of the Special
Resolution (requiring the approval of Cambrian Shareholders representing at
least 75 per cent. of the votes cast at the General Meeting, which will be
held immediately after the Court Meeting).
Following the Meetings, the Scheme and the related Reduction of Capital
must be sanctioned by the Court and will only become effective upon delivery
to the Registrar of Companies of a copy of the Order sanctioning the Scheme
and, in relation to the Reduction of Capital, the registration of such Order
by the Registrar of Companies.
If the Scheme becomes effective, the terms will be binding on all Scheme
Shareholders irrespective of whether or not they attended or voted in favour
of the Scheme at the Court Meeting or in favour of the Special Resolution at
the General Meeting.
The Panel has confirmed, having consulted with Singer, Cenkos Securities
and Arbuthnot Corporate Finance (Energybuild's independent financial adviser
for the purposes of Rule 3 of the Takeover Code), and the independent
directors of Energybuild, that, as a consequence of the Scheme becoming
effective, Western will not be required to make a mandatory offer under Rule 9
of the Takeover Code for the Energybuild shares not already held by Cambrian.
The Scheme is a "related party transaction" for the purposes of
Multilateral Instrument 61 - 101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), the applicable Canadian securities law
that governs certain transactions which raise the potential for significant
conflicts of interest, including related party transactions. Pursuant to the
requirements for a related party transaction under MI 61-101, in addition to
any other required securityholder approval that may be required, in order to
complete a related party transaction, Western must obtain the approval of at
least a simple majority of the votes cast by "minority" holders of Western
Shares. The "minority" holders of Western Shares for the purposes of the
Scheme are all Western Shareholders other than Cambrian, the Audley Fund,
their respective associates and affiliates, and any related party of any of
them, and any person acting jointly or in concert with any of them.
The Acquisition is deemed to be a related party transaction for Western
under the AIM Rules. The Western Independent Directors, having consulted with
Cenkos Securities, Western's nominated advisor, consider that the terms of the
acquisition are fair and reasonable as far as the independent shareholders of
Western are concerned.
10. Cancellation of admission of Cambrian Shares to trading on AIM
Prior to the Scheme becoming effective, application will be made to the
London Stock Exchange for Cambrian Shares to be suspended from trading on AIM
with effect from 7.00 a.m. on the day of the Court Hearing. If the Scheme
becomes effective, based on the expected timetable, the last day of dealings
in Cambrian Shares on AIM is expected to be 6 July 2009 (being the Dealing Day
immediately prior to the Hearing Date).
On the Effective Date, share certificates for Scheme Shares will cease to
be valid and should be destroyed. In addition, entitlements to Scheme Shares
held within the CREST system will be cancelled on the Effective Date. Based on
the expected timetable the last date for registration of transfers of Cambrian
Shares is expected to be 3 July 2009. No transfers of Cambrian Shares (other
than transfers to Western or any nominee(s) of Western) will be registered
after the Scheme Record Time.
11. Amendment to Cambrian Notes Conditions
Cambrian has agreed with the Noteholders that the conditions to the
Cambrian Notes be amended as follows:
- the maturity date of the Cambrian Notes was extended from 23 May 2009
to 21 August 2009;
- during this "extension period", the rate of interest payable on the
Cambrian Notes has increased to 15.0 per cent. per annum payable
monthly in arrears on each of 23 June 2009, 23 July 2009 and on
maturity on 21 August 2009 (or, if earlier, on (and up to (but
excluding)) the date of redemption in accordance with the amended
conditions);
- Cambrian agreed to certain additional covenants of a standard nature
(subject in each case to certain permitted exceptions) throughout the
extension period which restrict Cambrian and its subsidiaries from
undertaking certain transactions without the consent of Noteholders.
These restrictions include, among others, the following:
(a) the declaration or payment of any dividend or distribution, the
purchase or redemption of any shares, or payments in relation to
any other "Indebtedness" (as defined) save for certain permitted
indebtedness or making of certain investments, save for certain
permitted investments;
(b) the incurrence of new "Indebtedness" other than certain permitted
debt;
(c) the creation of any further "Security Interests" (as defined),
subject to certain permitted security interests (for example,
those granted in the ordinary course of business);
(d) transactions with affiliates (for example payments and disposals)
save for the Proposal and certain other permitted exceptions; and
(e) other than with or to Western, in circumstances where Western has
the obligation to redeem the Cambrian Notes, the consolidation or
merger with, or the disposal of all or substantially all assets
to, another entity. The Proposal and the assumptions of such
obligations to redeem the Cambrian Notes set out in the Western
Agreement described below is permitted.
- in the event that Cambrian raises equity or debt capital or
consummates a permitted disposal of assets (other than for these
purposes the sale of mined resources in the ordinary course of
business), then Cambrian shall be obliged to apply the balance of
such proceeds net of costs and expenses and net of an amount of up to
US$2.5 million in aggregate for the purposes of the working capital
requirements of Cambrian and its subsidiaries towards redemption of
the Cambrian Notes (after paying Cambrian's secured creditors in the
case of the proceeds of an asset disposal);
- Cambrian will be required to redeem the Cambrian Notes in full with
accrued interest thereon within five business days of the date on
which the Scheme becomes effective; and
- the amended conditions also include new events of default, namely in
circumstances where the Proposal comprises consideration other than
entirely in shares of Western, and where interest is paid by Cambrian
or its subsidiaries prior to the new maturity date under its secured
loan from Western.
12. Western Agreement
Pursuant to an agreement dated 20 May 2009, entered into between Western,
the Noteholders and Cambrian ("Western Agreement"), Western agreed that
conditional (i) on a written resolution of the Noteholders being duly passed
and (ii) upon and with effect from the Scheme becoming effective, Western
will, or will procure that Cambrian or another member of the Western group of
companies will, redeem the Cambrian Notes in full together with the interest
thereon to (but excluding) the date of such redemption in accordance with the
amended conditions of the Cambrian Notes, by no later than five business days
from the date when the Scheme has become effective. Under the terms of the
Western Agreement, the Noteholders have agreed that such redemption will
constitute a full and final discharge of Cambrian's obligations to redeem the
Cambrian Notes under the amended Conditions of the Cambrian Notes.
13. Disclosure of interests in Cambrian
As at the close of business on 19 May 2009, the last practicable Business
Day prior to the date of this announcement, no member of the Western Group had
any interest in the relevant securities of Cambrian. It is intended that
Western will acquire at least one Cambrian Share which will mean that Western
will be a member of Cambrian on the Effective Date and accordingly there will
be no requirement under Section 103 of the Companies Act 1985 for an
independent valuation. Western will be precluded from voting at the Court
Meeting. Western has provided a US$36,000,000 loan facility to CIH ("Loan")
subject to certain conditions. The Loan became unconditional and was advanced
to CIH on January 21, 2009. Each of Cambrian and Coal International Limited
have guaranteed the obligations of CIH under the Loan and the Loan is secured
against the assets of the Cambrian Group by way inter alia of fixed and
floating charges. The Loan has been reduced by the prepayment by Western to
Cambrian of CAN$5,000,0000 plus accrued interest pursuant to a loan agreement
dated September 13 2007. Further details relating to the Loan will be set out
in the Scheme Document.
14. Combination Agreement
Western and Cambrian have entered into the Combination Agreement which
sets out, among other things, various matters in relation to the
implementation of the Scheme, the conduct of Cambrian's and Western's business
prior to the effective date, an inducement fee payable by Cambrian in certain
circumstances, and non-solicit undertakings. Further details of the
Combination Agreement and inducement fee arrangements will be set out in the
Scheme Document.
Cambrian has agreed to pay Western an inducement fee of (pnds stlg)0.674m
if Western terminates the agreement due to the failure by Cambrian's
shareholders to approve the requisite resolutions, the Court failing to
sanction the Scheme, the directors of Cambrian failing to recommend or
withdrawing their recommendation to its shareholders or Cambrian breaching the
non-solicitation undertakings. Cambrian has undertaken not to solicit an
alternative acquisition proposal from a third party but may consider or
respond to an unsolicited proposal in certain circumstances.
15. Overseas shareholders
Overseas shareholders should inform themselves about, and observe, any
applicable requirements in the relevant jurisdiction. It is the responsibility
of each Overseas Shareholder to satisfy himself as to the full observance of
the laws of the relevant jurisdiction in connection therewith, including the
obtaining of any governmental, exchange control or other consents which may be
required, or the compliance with other necessary formalities which are
required to be observed and the payment of any issue, transfer or other taxes
due in such jurisdiction. It is the responsibility of Cambrian Shareholders
who are citizens, residents or nationals of jurisdictions outside the United
Kingdom to ensure that the correct rate of postage is paid before returning
the enclosed Forms of Proxy. Western may in its sole discretion determine that
New Western Shares shall not be allotted and issued to a Scheme Shareholder
under the Scheme, but shall instead be allotted and issued to a UK nominee
appointed by Western as trustee and sold by the trustee for the benefit of
such persons at the best price reasonably obtainable, if Western is advised
that the allotment and issue of New Western Shares to such Scheme Shareholder
would infringe the laws of any jurisdiction or would require Western to
observe any governmental or other consent or any registration, filing or other
formality with which Western is unable to comply or compliance with which
Western regards as unduly onerous, or Western is unable to so determine
without obtaining advice and Western in its sole discretion determines that,
since the Scheme Shareholders in the relevant jurisdiction hold a de minimis
percentage of the issued share capital of the Company (excluding the Treasury
Shares), the cost of obtaining such advice would be disproportionately
burdensome. Western would expect to seek the agreement of the Panel to such
course of action except where the Scheme Shareholders in the relevant
jurisdiction hold less than a de minimis percentage of Cambrian's issued share
capital (excluding the Treasury Shares).
Further details in relation to overseas shareholders will be contained in
the Scheme Document.
16. General
This announcement is not intended to and does not constitute, or form
part of, any offer to sell or invitation to purchase, otherwise acquire,
subscribe, sell or otherwise dispose of, any securities or the solicitation of
any vote or approval in any jurisdiction pursuant to the Proposal or
otherwise. The Proposal will be made solely through the Scheme Document, which
will contain the full terms and conditions of the Proposal, including details
of how to vote in respect of the Proposal. Any acceptance of or other response
to the Proposal should be made only on the basis of the information in the
Scheme Document.
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by law and
therefore any persons who are subject to the laws of any jurisdiction other
than the United Kingdom should inform themselves about, and observe, any
applicable legal or regulatory requirements. Any failure to comply with the
applicable requirements may constitute a violation of the securities laws of
any such jurisdiction. To the fullest extent permitted by applicable law, the
companies involved in the proposed Proposal disclaim any responsibility or
liability for the violation of such restrictions by any person.
This announcement has been prepared for the purpose of complying with
English law, the Takeover Code and the AIM Rules, and the information
disclosed may not be the same as that which would have been disclosed if this
announcement had been prepared in accordance with the laws of jurisdictions
outside the United Kingdom.
Any person (including, without limitation, any custodian, nominee and
trustee) who would, or otherwise intends to, or who may have a contractual or
legal obligation to, forward this announcement and/or the Scheme Document
and/or any other related document to any jurisdiction outside the United
Kingdom should inform themselves of, and observe, any applicable legal or
regulatory requirements of their jurisdiction before taking any action.
US Holders should note that the Scheme will relate to the shares of a
United Kingdom company that is a "foreign private issuer" as defined under
Rule 3b-4 under the US Exchange Act , and will be governed by English law.
Accordingly, the proxy solicitation rules under the US Exchange Act will not
apply to the Scheme. In addition, a transaction effected by means of a Scheme
of Arrangement is not subject to the tender offer rules under the US Exchange
Act. Moreover the Scheme will be subject to the disclosure requirements and
practices applicable in the United Kingdom to schemes of arrangement, which
differ from the disclosure requirements of the US proxy solicitation rules and
tender offer rules. Financial information included in the Scheme Document will
have been prepared in accordance with accounting standards applicable in the
United Kingdom that may not be comparable in all respects with accounting
standards applicable to financial statements of US companies prepared in
accordance with the US generally accepted accounting principles and that are
subject to US auditing and auditor independence standards. It may be difficult
for Scheme Shareholders who are US Persons to enforce any rights and claims
they may have arising under the US securities laws in respect of the Scheme.
This announcement is not an offer for the sale of securities in the US
and the New Western Shares which will be issued in connection with the
Proposal have not been and will not be registered under the US Securities Act
or under the securities laws of any state in the United States and are being
issued in reliance upon the exemption from registration provided by Section
3(a)(10) of the US Securities Act. New Western Shares issued pursuant to
Section 3(a)(10) of the US Securities Act may be resold without restriction by
any former Scheme Shareholder in the US who is not an affiliate of Cambrian
immediately before the Effective Date or who is not an affiliate of Cambrian
after the Effective Date. Former Scheme Shareholders in the US who are
affiliates of Cambrian immediately before the Effective Date or who are
affiliates of Cambrian after the Effective Date are subject to resale
restrictions under the US Securities Act and may not resell New Western Shares
in the US in the absence of an exemption from registration under the US
Securities Act and may resell New Western Shares outside the US only pursuant
to such an exemption or pursuant to the provisions of Regulation S. US Holders
are urged to consult their legal advisers to determine the availability of
applicable resale provisions.
This announcement, including information included or incorporated by
reference in this announcement, may contain "forward-looking statements"
concerning the Cambrian Group and the Western Group. Generally, the words
"will", "may", "should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking statements. The
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond the companies' abilities to control or estimate
precisely, such as future market conditions and the behaviours of other market
participants, and therefore undue reliance should not be placed on such
statements. Cambrian and Western assume no obligation and do not intend to
update these forward-looking statements, except as required pursuant to
applicable law.
Cenkos Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Western
and no one else in connection with the Proposal and will not be responsible to
anyone other than Western for providing the protections afforded to customers
of Cenkos Securities, nor for providing advice in relation to the contents of
the Proposal or any other matters referred to in this announcement.
Singer, which is authorised and regulated in the United Kingdom by the
Financial Services Authority in the UK, is acting for Cambrian and no one else
in connection with the Proposal and will not be responsible to anyone other
than Cambrian for providing the protections afforded to customers of Singer
nor for providing advice in relation to the Proposal or any other matters
referred to in this announcement.
Appendix I sets out the conditions to implementation of the Proposal and
the Scheme.
Appendix II contains the definitions of terms used in this announcement.
Appendix I
Conditions to Implementation of the Proposal
1. The Proposal is conditional upon the Scheme becoming unconditional
and becoming effective, subject to the Takeover Code, by not later
than 31 July 2009 or such later date (if any) as Cambrian and Western
may agree and the Court may allow. The Scheme is conditional upon:
(a) the approval by a majority in number representing three-fourths
in value of the holders of Cambrian Shares present and voting,
either in person or by proxy, at the Court Meeting (or any
adjournment thereof);
(b) the resolutions set out in the notice of the General Meeting
required to approve and implement the Scheme being duly passed
by the requisite majority at the General Meeting (or any
adjournment thereof);
(c) the Court Sanction being obtained (with or without
modifications, but subject to any such modifications being on
terms acceptable to Cambrian and Western) and a copy of the
Order being delivered for registration to the Registrar of
Companies;
(d) confirmation of the Reduction of Capital by the Court (with or
without modification, but subject to any such modifications
being on terms acceptable to Cambrian and Western), and a copy
of the Reduction Court Order and a minute of such reduction
attached thereto being filed with the Registrar of Companies and
registered by him;
(e) the resolutions required to approve and implement the
Acquisition each being duly passed by the requisite majority at
the Western Meeting (or any adjournment thereof); and
(f) permission being granted for the admission of the New Western
Shares to trading on AIM and listing and posting for trading on
the TSX.
2. Western and Cambrian have agreed that the Proposal is conditional
upon the following matters, and, accordingly, the necessary action to
make the Proposal effective will not be taken unless such Conditions
(as amended if appropriate) have been satisfied or waived:
(a) Authorisations
(i) all Authorisations in any jurisdiction which Western or
Cambrian reasonably deem necessary for or in respect of the
Proposal, its implementation or any acquisition of any
shares in, or control of, Cambrian or any other member of
the Wider Cambrian Group by any member of the Western Group
having been obtained in terms and in a form satisfactory to
Western and Cambrian acting reasonably from any relevant
person or authority or from any person or body with whom any
member of the Wider Cambrian Group or Wider Western Group
has entered into material contractual arrangements and all
such Authorisations remaining in full force and effect and
there being no intimation of any intention to revoke or not
renew the same; and
(ii) all material Authorisations necessary to carry on the
business of (a) any member of the Wider Cambrian Group and
(b) any member of the Wider Western Group remaining in full
force and effect and there being no notification of any
intention to revoke or not to renew the same; and
(iii) all necessary filings, or applications having been made and
all applicable waiting and other periods (including
extensions of such periods) having expired, lapsed or been
terminated and all applicable statutory or regulatory
obligations in any jurisdiction in respect of the Proposal
having been complied with, in each case, in respect of the
acquisition of any shares in or control of, Cambrian by
Western.
(b) Regulatory Intervention
Save as Disclosed, no relevant person having taken, instituted,
implemented or threatened any legal proceedings, or having
required any action to be taken or otherwise having done
anything or having enacted, made or proposed any statute,
regulation, order or decision or taken any other step and there
not continuing to be outstanding any statute, regulation, order
or decision that would or might reasonably be expected to (in
each case to an extent which is material and adverse in the
context of the Wider Cambrian Group or the Wider Western Group
(as the case may be) taken as a whole):
(i) make the Proposal, its implementation or the acquisition
or proposed acquisition of any shares in, or control or
management of, the Wider Cambrian Group by Western
illegal, void or unenforceable; or
(ii) otherwise directly or indirectly prevent, prohibit or
otherwise restrict, restrain, delay or interfere with the
implementation of, or impose additional conditions or
obligations with respect to or otherwise challenge or
require amendment of, the Proposal or the proposed
acquisition of Cambrian by Western or any acquisition of
Cambrian Shares by Western; or
(iii) require, prevent or delay the divestiture (or alter the
terms of any proposed divestiture), by or result in any
delay to Western of any shares or other securities in
Cambrian; or
(iv) impose any limitation on the ability of any member of the
Wider Western Group or any member of the Wider Cambrian
Group to acquire or hold or exercise effectively,
directly or indirectly, any rights of ownership of shares
or other securities or the equivalent in any member of
the Wider Cambrian Group or the Wider Western Group or to
exercise management control over any member of the Wider
Cambrian Group or the Wider Western Group (as the case
may be) taken as a whole; or
(v) require, prevent or delay the disposal by Western or any
member of the Wider Western Group or Cambrian or any
member of the Wider Cambrian Group, of all or any part of
their respective businesses, assets or properties or
impose any limitation on the ability of any of them to
conduct their respective businesses or own their
respective assets or properties; or
(vi) require any member of the Wider Western Group or of the
Wider Cambrian Group to offer to acquire any shares or
other securities (or the equivalent) in any member or any
other assets of the Wider Cambrian Group or the Wider
Western Group owned by any third party (in each case,
other than in implementation of the Proposal); or
(vii) impose any material limitation on the ability of any
member of the Wider Western Group or the Wider Cambrian
Group to integrate or co-ordinate its business, or any
part of it, with the businesses or any part of the
businesses of any other member of the Wider Western Group
and/or the Wider Cambrian Group; or
(viii) result in any member of the Wider Western Group or the
Wider Cambrian Group ceasing to be able to carry on
business under any name under which it presently does so;
or
(ix) (save as related to matters that generally affect
entities conducting similar businesses) and adversely
affect any or all of the businesses, assets or financial
condition or trading position or profits or prospects of
any member of the Wider Western Group or the Wider
Cambrian Group;
and all applicable waiting and other time periods during which
any such relevant person could institute, or implement or
threaten any legal proceedings, having expired, lapsed or been
terminated.
(c) Consequences of the Proposal
Save as Disclosed, there being no provision of any agreement to
which any member of the Wider Cambrian Group or the Wider Western
Group is a party, or by or to which any such member, or any part
of their assets, is or may be bound, entitled or subject, which
would as a consequence of the Proposal or of the acquisition or
proposed acquisition of all or any part of the issued share
capital of, or change of control or management of, Cambrian or
any other member of the Cambrian Group result in (in each case to
an extent which is material and adverse in the context of the
Wider Cambrian Group or the Wider Western Group (as the case may
be) taken as a whole):
(i) any material assets or interests of any member of the
Wider Cambrian Group or the Wider Western Group being or
failing to be disposed of or charged in any way or
ceasing to be available to any member of the Wider
Cambrian Group or the Wider Western Group or any rights
arising under which any such asset or interest could be
required to be disposed of or charged in any way or could
cease to be available to any member of the Wider Cambrian
Group or the Wider Western Group; or
(ii) any moneys borrowed by, or other indebtedness (actual or
contingent) of, or any grant available to, any member of
the Wider Cambrian Group or the Wider Western Group being
or becoming repayable or capable of being declared
repayable immediately or earlier than the repayment date
stated in such agreement or the ability of such member of
the Wider Cambrian Group or the Wider Western Group to
incur any such borrowing or indebtedness becoming or
being capable of becoming withdrawn, inhibited or
prohibited; or
(iii) any such agreement or the rights, liabilities,
obligations or interests of any such member under it
being terminated or materially and adversely modified or
affected or any onerous obligation arising or any
material adverse action being taken under it; or
(iv) the interests or business of any such member in or with
any third party (or any arrangements relating to any such
interests or business) being terminated or adversely
modified or affected; or
(v) the financial or trading position or prospects or value
of any member of the Wider Cambrian Group or the Wider
Western Group being materially prejudiced or materially
and adversely affected; or
(vi) the creation of any mortgage, charge or other security
interest over the whole or any part of the business,
property or assets of any member of the Wider Cambrian
Group or any such security (whenever arising or having
arisen) becoming enforceable or being enforced; or
(vii) any member of the Wider Cambrian Group or the Wider
Western Group ceasing to be able to carry on business
under any name under which or on the terms on which it
currently does so or any person presently not able to
carry on business under any name under which any member
of the Wider Cambrian Group or the Wider Western Group
currently carries on business becoming able to do so; or
(viii) the creation of actual or contingent material liabilities
by any member of the Wider Cambrian Group other than in
the ordinary course of trading; or
(ix) the ability of any member of the Wider Cambrian Group or
the Wider Western Group to carry on its business being
materially and adversely affected,
and no event having occurred which, under any provision of any
such agreement to which any member of the Wider Cambrian Group or
the Wider Western Group is a party, or by or to which any such
member, or any of its assets, may be bound, entitled or subject
above, could result in any of the events or circumstances as are
referred to in sub-paragraphs (i) to (ix) above inclusive.
(d) No Corporate Action Taken Since the Accounting Date (Cambrian)
Since the Accounting Date, save as otherwise Disclosed or
pursuant to transactions in favour of Cambrian or a wholly-owned
subsidiary of Cambrian, no member of the Wider Cambrian Group
having (in each case to an extent which is material and adverse
in the context of the Wider Cambrian Group taken as a whole):
(i) issued or agreed to issue or authorised or proposed the
issue or grant of additional shares of any class or
securities convertible into or exchangeable for, or
rights, warrants or options to subscribe for or acquire,
any such shares or convertible securities (save pursuant
to the issue of Cambrian Shares on the exercise of
Disclosed Cambrian share options or warrants); or
(ii) redeemed, purchased, repaid or reduced or announced the
redemption, purchase, repayment or reduction of any part
of its share capital or other securities or made,
authorised or proposed or announced the making of any
other change to its share or loan capital; or
(iii) recommended, declared, paid or made or proposed to
recommend, declare, pay or make any dividend, bonus issue
or other distribution whether payable in cash or
otherwise other than dividends lawfully paid to Cambrian
or wholly owned subsidiaries of Cambrian; or
(iv) (save for transactions between two or more wholly owned
members of the Cambrian Group) merged or demerged with or
from, or acquired, any body corporate or authorised or
proposed or announced any intention to propose any such
merger or demerger; or
(v) other than in the ordinary course of business acquired or
disposed of, transferred, mortgaged or charged, or
created or granted any security interest over, any
material assets (including shares and trade investments)
or authorised or proposed or announced any intention to
propose any acquisition, disposal, transfer, mortgage,
charge or creation or grant of any such security
interest; or
(vi) (save for transactions between two or more wholly owned
members of the Cambrian Group) issued or authorised or
proposed the issue of any debentures or incurred or
increased any borrowings, indebtedness or liability
(actual or contingent); or
(vi) entered into or varied, or authorised or proposed the
entry into or variation of, or announced its intention to
enter into or vary, any transaction, arrangement,
contract or commitment (whether in respect of capital
expenditure or otherwise) which is material and of a long
term, onerous or unusual nature or magnitude (other than
to a nature and extent which is normal in the context of
the business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so long, onerous or unusual in nature or magnitude)
or which is restrictive to the existing business of any
member of the Wider Cambrian Group (other than to a
nature and extent which is normal in the context of the
business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so restrictive) or which is not in the ordinary
course of business; or
(viii) entered into, implemented, effected, authorised or
proposed or announced its intention to enter into,
implement, effect, authorise or propose any material
contract, reconstruction, amalgamation, scheme,
commitment or other transaction or arrangement other than
in the ordinary course of business; or
(ix) waived or compromised any material claim (other than in
the ordinary course of business); or
(*) entered into or varied or made any offer (which remains
open for acceptance) to enter into or vary the terms of
any material contract with any of the directors or senior
executives of Cambrian or any of the directors or senior
executives of any other member of the Wider Cambrian
Group; or
(xi) taken or proposed any corporate action or had any legal
proceedings instituted or threatened against it or
petition presented for its winding-up (voluntary or
otherwise), dissolution or reorganisation or for the
appointment of a receiver, administrator, administrative
receiver, trustee or similar officer of all or any
material part of its assets and revenues or for any
analogous proceedings or steps in any jurisdiction or for
the appointment of any analogous person in any
jurisdiction; or
(xii) been unable, or admitted in writing that it is unable, to
pay its debts or has stopped or suspended (or threatened
to stop or suspend) payment of its debts generally or
ceased or threatened to cease carrying on all or a
substantial part of its business; or
(xiii) made any material alteration to its memorandum or
articles of association, or other incorporation
documents; or
(xiv) disposed of or acquired any assets or businesses or
offered or agreed to the same for an amount in aggregate
of pnds stlg 500,000 or more (or in the case of disposals
where the book value was in aggregate greater than pnds
stlg 500,000), entered into or offered or agreed to enter
into or announced any arrangement which requires
expenditure or the foregoing of revenue by the Wider
Cambrian Group of an amount in aggregate of greater than
pnds stlg 500,000; or
(xv) entered into any agreement or passed any resolution or
made any offer (which remains open for acceptance) or
proposed or announced any intention with respect to any
of the transactions, matters or events referred to in
this condition 2(d) other than in the ordinary course of
business.
(e) Other Events Since the Accounting Date (Cambrian)
In the period since the Accounting Date, save as Disclosed:
(i) no litigation or arbitration proceedings, prosecution,
investigation or other legal proceedings having been
announced, instituted, threatened or remaining
outstanding by, against or in respect of, any member of
the Wider Cambrian Group or to which any member of the
Wider Cambrian Group is or may become a party (whether as
claimant, defendant or otherwise) which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Cambrian Group; and
(ii) no event, change or condition has occurred or become
known to Cambrian which has resulted in or could be
reasonably expected to have a material adverse change or
a material deterioration in the business or assets or
financial or trading position, assets, liabilities or
profits or prospects of any member of the Wider Cambrian
Group; and
(iii) no enquiry or investigation by, or complaint or reference
to, any relevant person or authority against or in
respect of any member of the Wider Cambrian Group having
been threatened, announced, implemented or instituted or
remaining outstanding by, against or in respect of, any
member of the Wider Cambrian Group which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Cambrian Group taken as a
whole; and
(iv) no contingent or other liability having arisen or become
apparent or increased which in any case, would be likely
to have a material adverse effect on the financial
position of the Wider Cambrian Group taken as a whole;
and
(v) the business of the Wider Cambrian Group has been carried
on in the usual and ordinary course in all material
respects.
(f) No Corporate Action Taken Since the Accounting Date (Western)
Since the Accounting Date, save as otherwise Disclosed or
pursuant to transactions in favour of Western or a wholly-owned
subsidiary of Western, no member of the Wider Western Group
having (in each case to an extent which is material and adverse
in the context of the Wider Western Group taken as a whole):
(i) issued or agreed to issue or authorised or proposed the
issue or grant of additional shares of any class or
securities convertible into or exchangeable for, or
rights, warrants or options to subscribe for or acquire,
any such shares or convertible securities (save pursuant
to the issue of Western Shares on the exercise of
Disclosed Western options or warrants); or
(ii) redeemed, purchased, repaid or reduced or announced the
redemption, purchase, repayment or reduction of any part
of its share capital or other securities or made
authorised or proposed or announced the making of any
other change to its share or loan capital; or
(iii) recommended, declared, paid or made or proposed to
recommend, declare, pay or make any dividend, bonus issue
or other distribution whether payable in cash or
otherwise other than dividends lawfully paid to Western
or wholly owned subsidiaries of Western; or
(iv) (save for transactions between two or more wholly owned
members of the Western Group) merged or demerged with or
from, or acquired, any body corporate or authorised or
proposed or announced any intention to propose any such
merger or demerger; or
(v) other than in the ordinary course of business acquired or
disposed of, transferred, mortgaged or charged, or
created or granted any security interest over, any
material assets (including shares and trade investments)
or authorised or proposed or announced any intention to
propose any acquisition, disposal, transfer, mortgage,
charge or creation or grant of any such security
interest; or
(vi) (save for transactions between two or more wholly owned
members of the Western Group) issued or authorised or
proposed the issue of any debentures or incurred or
increased any borrowings, indebtedness or liability
(actual or contingent); or
(vii) entered into or varied, or authorised or proposed the
entry into or variation of, or announced its intention to
enter into or vary, any transaction, arrangement,
contract or commitment (whether in respect of capital
expenditure or otherwise) which is material and of a long
term, onerous or unusual nature or magnitude (other than
to a nature and extent which is normal in the context of
the business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so long, onerous or unusual in nature or magnitude)
or which is restrictive to the existing business of any
member of the Wider Western Group (other than to a nature
and extent which is normal in the context of the business
concerned or which is or could involve obligations which
would or might reasonably be expected to be so
restrictive) or which is not in the ordinary course of
business; or
(viii) entered into, implemented, effected, authorised or
proposed or announced its intention to enter into,
implement, effect, authorise or propose any material
contract, reconstruction, amalgamation, scheme,
commitment or other transaction or arrangement other than
in the ordinary course of business; or
(ix) waived or compromised any material claim (other than in
the ordinary course of business); or
(*) entered into or varied or made any offer (which remains
open for acceptance) to enter into or vary the terms of
any material contract with any of the directors or senior
executives of Western or any of the directors or senior
executives of any other member of the Wider Western
Group; or
(xi) taken or proposed any corporate action or had any legal
proceedings instituted or threatened against it or
petition presented for its winding-up (voluntary or
otherwise), dissolution or reorganisation or for the
appointment of a receiver, administrator, administrative
receiver, trustee or similar officer of all or any
material part of its assets and revenues or for any
analogous proceedings or steps in any jurisdiction or for
the appointment of any analogous person in any
jurisdiction; or
(xii) been unable, or admitted in writing that it is unable, to
pay its debts or has stopped or suspended (or threatened
to stop or suspend) payment of its debts generally or
ceased or threatened to cease carrying on all or a
substantial part of its business; or
(xiii) made any material alteration to its notice of articles,
or articles or other incorporation documents; or
(xiv) disposed of or acquired any assets or businesses or
offered or agreed to the same for an amount in aggregate
of pnds stlg 500,000 or more (or in the case of disposals
where the book value was in aggregate greater than pnds
stlg 500,000), entered into or offered or agreed to enter
into or announced any arrangement which requires
expenditure or the foregoing of revenue by the Western
Group of an amount in aggregate of greater than pnds stlg
500,000; or
(xv) entered into any agreement or passed any resolution or
made any offer (which remains open for acceptance) or
proposed or announced any intention with respect to any
of the transactions, matters or events referred to in
this condition 2(f) other than in the ordinary course of
business.
(g) Other Events Since the Accounting Date (Western)
In the period since the Accounting Date, save as Disclosed:
(i) no litigation or arbitration proceedings, prosecution,
investigation or other legal proceedings having been
announced, instituted, threatened or remaining
outstanding by, against or in respect of, any member of
the Wider Western Group or to which any member of the
Wider Western Group is or may become a party (whether as
claimant, defendant or otherwise) which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Western Group; and
(ii) no event, change or condition has occurred or become
known to Western which has resulted in or could be
reasonably expected to have a material adverse change or
a material deterioration in the business or assets or
financial or trading position, assets, liabilities or
profits or prospects of any member of the Wider Western
Group; and
(iii) no enquiry or investigation by, or complaint or reference
to, any relevant person or authority against or in
respect of any member of the Wider Western Group having
been threatened, announced, implemented or instituted or
remaining outstanding by, against or in respect of, any
member of the Wider Western Group which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Western Group taken as a
whole; and
(iv) no contingent or other liability having arisen or become
apparent or increased which in any case, would be likely
to have a material adverse effect on the financial
position of the Wider Western Group taken as a whole; and
(v) the business of the Wider Western Group has been carried
on in the usual and ordinary course in all material
respects.
(h) Other Issues (Cambrian)
Save as Disclosed, Western not having discovered that (in each
case to an extent which is material and adverse in the context of
the Wider Cambrian Group taken as a whole):
(i) the financial, business or other information disclosed at
any time by any member of the Wider Cambrian Group,
whether publicly or in the context of the Proposal either
contained a material misrepresentation of fact or omitted
to state a fact necessary to make the information
disclosed not misleading in any material respect; or
(ii) any past or present member of the Wider Cambrian Group
has failed to comply with any applicable legislation or
regulations of any jurisdiction with regard to the
release of any contaminant, or that there has otherwise
been any such release (whether or not the same
constituted noncompliance by any person with any such
legislation or regulation, and wherever the same may have
taken place), any of which would be reasonably likely to
give rise to any liability (whether actual or contingent)
or cost on the part of any member of the Wider Cambrian
Group and which is material in the context of the Wider
Cambrian Group taken as a whole; or
(iii) there is or is reasonably likely to be any liability
(whether actual or contingent) to make good, repair,
reinstate or clean up any property now or previously
owned, occupied, operated or made use of or controlled by
any past or present member of the Wider Cambrian Group,
or in which any such member may now have or previously
had an interest under any environmental law or order of
any relevant person or third party or otherwise and which
is material in the context of the Wider Cambrian Group
taken as a whole.
(i) Other Issues (Western)
Save as Disclosed, Cambrian not having discovered that (in each
case to an extent which is material and adverse in the context of
the Wider Western Group taken as a whole):
(i) the financial, business or other information disclosed at
any time by any member of the Wider Western Group,
whether publicly or in the context of the Proposal either
contained a material misrepresentation of fact or omitted
to state a fact necessary to make the information
disclosed not misleading in any material respect; or
(ii) any past or present member of the Wider Western Group has
failed to comply with any applicable legislation or
regulations of any jurisdiction with regard to the
release of any contaminant, or that there has otherwise
been any such release (whether or not the same
constituted noncompliance by any person with any such
legislation or regulation, and wherever the same may have
taken place), any of which would be reasonably likely to
give rise to any liability (whether actual or contingent)
or cost on the part of any member of the Wider Western
Group and which is material in the context of the Wider
Western Group taken as a whole; or
(iii) there is or is reasonably likely to be any liability
(whether actual or contingent) to make good, repair,
reinstate or clean up any property now or previously
owned, occupied, operated or made use of or controlled by
any past or present member of the Wider Western Group, or
in which any such member may now have or previously had
an interest under any environmental law or order of any
relevant person or third party or otherwise and which is
material in the context of the Wider Western Group taken
as a whole.
3. Subject to the requirements of the Panel, Western reserves the
right to waive all or any of the Conditions contained in
paragraphs 2(a); 2(b) and 2(c); 2(d); 2(e); and 2(h), in whole or
in part.
4. Subject to the requirements of the Panel, Cambrian reserves the
right to waive all or any of the Conditions contained in
paragraphs 2(a); 2(b) and 2(c); 2(f); 2(g); and 2(i), in whole or
in part.
5. The Proposal is governed by English law and is subject to the
jurisdiction of the English courts. The rules of the Takeover
Code, so far as they are appropriate, apply to the Proposal.
6. Western reserves the right to elect to implement the Acquisition by
way of a takeover offer. In such event, such offer will be
implemented on the same terms subject to appropriate amendments,
including (without limitation) an acceptance condition set at
ninety per cent of the Cambrian Shares to which such offer relates
(or such a percentage as Western may decide), so far as applicable,
as those which would apply to the Scheme.
7. Western shall be under no obligation to waive or treat as satisfied,
and Cambrian shall be under no obligation to waive or treat as
satisfied any of the Conditions in paragraph 2 by a date earlier than
the latest date for satisfaction thereof, notwithstanding that the
other Conditions of the Proposal may at such earlier date have been
waived or fulfilled and that there are at such earlier date no
circumstances indicating that any of the Conditions may not be
capable of fulfilment.
8. If Western is required by the Panel to make an offer for Cambrian
Shares under the provisions of Rule 9 of the Takeover Code, Western
may make such alterations to any of the above Conditions as are
necessary to comply with the provisions of that Rule.
Appendix II
Definitions
1985 Act the Companies Act 1985 (as amended)
Accounting Date means, in relation to Cambrian, 30 June 2008; and
means, in relation to Western, 31 March 2008
Acquisition the recommended acquisition by Western of the entire
issued and to be issued ordinary share capital of
Cambrian, subject to the Conditions and on the terms
set out in this announcement and the Scheme Document
Admission admission of the New Western Shares to trading on
AIM becoming effective in accordance with the AIM
Rules and listing and posting for trading of the New
Western Shares on the TSX becoming effective in
accordance with the TSX Rules
AIM the Alternative Investment Market operated by the
London Stock Exchange
AIM Rules the AIM rules for Companies published by the London
Stock Exchange governing, inter alia, admission to
AIM and the continuing obligations of companies
admitted to AIM, as amended from time to time
Arbuthnot Corporate Finance the corporate finance division of Arbuthnot
Securities Limited, the investment banking
subsidiary of Arbuthnot Banking Group plc
Articles the articles of association of Cambrian
Audley Fund Audley European Opportunities Master Fund Limited
Authorisations authorisations, orders, grants, recognitions,
confirmations, consents, licences, clearances,
certificates, permissions or approvals
Business Day any day on which banks are generally open in England
and Wales for the transaction of business other than
a Saturday or Sunday or public holiday
Cambrian Cambrian Mining Plc, company number 4010083
Cambrian Annual the audited consolidated report and accounts of
Report Cambrian for the period ended on the Accounting Date
Cambrian Director a director of Cambrian
Cambrian Group Cambrian and its subsidiary undertakings
Cambrian Independent Mark Burridge, Thomas Button and Charles de
Directors Chezelles
Cambrian Notes The US$27,000,000 convertible notes of Cambrian
constituted by a Trust Deed dated 23 May 2006 and
amended by a Supplemental Trust Deed dated 20 May
2009
Cambrian Shares ordinary shares of 20 pence each in the capital of
Cambrian
Cambrian
Shareholders holder(s) of Cambrian Shares
Combination the combination agreement dated 20 May 2009 and
Agreement entered into between Western and Cambrian
Cenkos Securities Cenkos Securities plc
CIH Cambrian Investment Holdings Ltd, company number
5838754, a wholly owned subsidiary of Cambrian
Closing Price the closing middle market quotation of one Cambrian
Share and/or one Western Share as provided by the
daily official list of the London Stock Exchange
Coal International Coal International Ltd (previously Coal
International Plc), a private limited company
incorporated in England and Wales with registered
number 5293936
Companies Act the Companies Act 2006(as amended)
Conditions the conditions to the implementation of the Proposal
(including the Scheme), which are set out in
Appendix I of this announcement
Consideration the New Western Shares to be issued to the Cambrian
Shareholders pursuant to the Scheme
Court the High Court of Justice in England and Wales
Court Hearing the hearing by the Court of the application to
sanction the Scheme
Court Meeting the meeting of Cambrian Shareholders (other than
Western) convened by order of the Court pursuant to
section 899 of the Companies Act to consider and, if
thought fit, approve the Scheme, including any
adjournment thereof
Court Sanction the sanction (with or without modification) of the
Scheme by the Court
CREST the relevant system defined in the CREST Regulations
in respect of which Euroclear is the operator (as
defined in the CREST Regulations)
CREST Regulations the Uncertificated Securities Regulations 2001 (SI
2001 No. 3755), including any modifications thereof
or any regulations in substitution thereof made
under section 207 of the Companies Act 1989 and for
the time being in force.
Dealing Day a day on which the London Stock Exchange is open for
business in the trading of securities admitted to
AIM
Disclosed (i) as disclosed in the Cambrian Annual Report or
the Western Annual Report; or
(ii) as publicly announced by any member of the
Wider Cambrian Group or the Wider Western Group
(through a Regulatory Information Service or any
other information service made available in the
country where the relevant company is listed) prior
to the date of this announcement; or
(iii) as otherwise fairly disclosed in writing
(including facsimile) to Western or its advisers by
or on behalf or Cambrian prior to the date of this
announcement; or
(iv) as otherwise fairly disclosed in writing
(including by facsimile) to Cambrian or its advisers
by or on behalf of Western prior to the date of the
announcement
Effective Date the date on which the Scheme becomes effective in
accordance with its terms
Enlarged Group Western Group as enlarged by the acquisition of the
Cambrian Group, subject to the Scheme becoming
effective
Financial Services the Financial Services Authority acting in its
Authority capacity as the competent authority for the purposes
of Part VI of the Financial Services and Markets Act
2000
General Meeting the general meeting of Cambrian to consider any
resolution required to approve and implement the
Scheme and the Proposal, including any adjournment
thereof
Hearing Date the date of the Court Hearing
Independent the announcement by a third party in accordance with
Competing Offer Rule 2.5 of the Takeover Code, before the date of
the General Meeting, of a firm intention to make an
offer to acquire (or propose a scheme of arrangement
in respect of the acquisition of) all of the issued
and to be issued ordinary share capital of Cambrian
which comprises either a cash offer or proposal or a
securities exchange offer or proposal
LIBOR London Interbank Offer Rate
London Stock London Stock Exchange plc
Exchange
Meetings the Court Meeting and the General Meeting
NEMI NEMI Northern Energy & Mining Inc.
New Western Shares the new Western Shares proposed to be issued by
Western (credited as fully paid) as consideration
under the Proposal
Noteholders the beneficial holders of the Cambrian Notes from
time to time
Offer recommended proposal for the acquisition of Cambrian
by Western
Offer Period the period commencing on 16 December 2008 (being the
date on which Cambrian announced that it had
received a preliminary approach in relation to a
potential offer being made for Cambrian) and ending
on the Effective Date
Options options to subscribe for Cambrian Shares
Orders the Scheme Court Order and the Reduction Court Order
Panel the Panel on Takeovers and Mergers
Proposal the Scheme and other matters to be considered at the
Meetings
Reduction Court the order of the Court confirming the Reduction of
Order Capital
Reduction of Capital the reduction of the share capital of Cambrian under
section 135 of the 1985 Act by the cancellation and
extinguishing of the Scheme Shares, to be effected
as part of the Scheme
Reduction Record 6:00 pm on the Business Day immediately preceding
Time the Hearing Date
Registrar of the Registrar of Companies in England and Wales
Companies
Regulation S Regulation S under the US Securities Act
Regulatory any of the services on the list of Regulatory
Information Service Information Services maintained by the Financial
Services Authority
Scheme the proposed scheme of arrangement under section 899
of the Companies Act between Cambrian and holders of
its Scheme Shares, with or subject to any
modification or addition thereto or condition
approved or imposed by the Court and agreed by
Western and Cambrian
Scheme Document the document to be sent to Cambrian Shareholders
relating to the Proposal
Scheme Record Date the Business Day immediately preceding the Hearing
Date
Scheme Record Time 6.00 p.m. on the Scheme Record Date
Scheme Shares means all the Cambrian Shares (except those held by
Western and the Treasury Shares):
(i) in issue at the date of the Scheme;
(ii) (if any) issued after the date of the Scheme
and prior to the Voting Record Time;
(iii) (if any) issued at or after the Voting Record
Time and before the Reduction Record Time, on terms
that shares are issued subject to the terms of the
Scheme and the holder shall be bound by the Scheme
or in respect of which the holder shall have agreed
in writing by such time to be bound by the Scheme
Scheme Shareholders holders of Scheme Shares
Singer Singer Capital Markets Limited
Special Resolution the special resolution to be proposed by Cambrian at
the General Meeting in connection with, inter alia,
the approval of the Scheme and the Reduction of
Capital
Takeover Code the City Code on Takeovers and Mergers
third party includes person, firm, company or body
Treasury Shares 350,000 Cambrian Shares held in treasury
TSX Toronto Stock Exchange
UK or United the United Kingdom of Great Britain and Northern
Kingdom Ireland
uncertificated or recorded on the relevant register as being held in
in uncertificated uncertificated form in CREST and title to which by
form virtue of the CREST Regulations may be transferred
by means of CREST
United States or US the United States of America, its territories and
possessions, any state of the United States and the
District of Columbia
US Exchange Act the United States Securities Exchange Act of 1934 as
amended and the rules and regulations thereunder
US Holder(s) holder(s) of the applicable security, who is in the
United States including a US Person
US Person a US Person as defined in Rule 902(K) under
Regulation S including, but not limited to any
natural person in the United States
US Securities Act the United States Securities Act of 1933, as amended
and the rules and regulations thereunder
Voting Record Time in relation to both the Court Meeting and the
General Meeting, 6.00 p.m. on the day prior to the
day immediately preceding the Court Meeting or, if
either the Court Meeting or the General Meeting is
adjourned, 6:00 pm on the day prior to the day
immediately before the meeting
Warrants Warrants to subscribe for Cambrian Shares
Western Western Canadian Coal Corp., a company incorporated
in the Province of British Columbia, Canada, with
registered number 551375
Western Annual the audited consolidated report and accounts of
Report Western for the period ended on the 31 March 2008
Western Director a director of Western
Western Group Western and its subsidiaries
Western Independent John Brodie, Robert Chase and Charles Pitcher
Directors
Western Meeting the special meeting of the Western Shareholders
(including any adjourned or postponed meeting) to be
held for the purpose of considering and, if deemed
advisable, approving the Western Resolutions
Western Resolutions the ordinary resolutions of the Western Shareholders
in connection with the approval of the Acquisition
Western Shares means the common shares in the capital of Western
Western Shareholders the holders of Western Shares
Wider Cambrian Cambrian, its subsidiary undertakings and its
Group associated undertakings
Wider Western Group Western, its subsidiary undertakings and its
associated undertakings for the avoidance of doubt,
excluding the Wider Cambrian Group from the
Effective Date
For the purposes of this announcement, "subsidiary", "subsidiary
undertaking" and associated undertaking" have the respective meanings given to
such terms in the Companies Act.
%SEDAR: 00011215E
For further information: Investors: Western Canadian Coal Corp., David Jan,
(604) 694-2891, djan@westerncoal.com; Cenkos Securities plc (Financial
Adviser and NOMAD to Western), Ivonne Cantú, Adrian Hargrave, Nicholas Wells,
+44 20 7397 8980; Media: Barnes McInerney Inc., Camilla Bartosiewicz, (416)
367-5000 (ext 240)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Western Canadian Coal and Cambrian Mining Combine To Create a Larger, Stronger Coal Company
VANCOUVER, May 20 /CNW/ - The independent directors of Western Canadian
Coal Corp. (AIM: WTN and TSX: WTN, WTN.DB, WTN.WT) ("Western" or the "Company"
and the "Western Independent Directors") are pleased to announce that Western
has entered into a definitive agreement pursuant to which Western will
acquire, by way of a UK scheme of arrangement, all of the issued and to be
issued ordinary share capital of Cambrian Mining Plc (AIM: CBM) ("Cambrian"
and the "Cambrian Independent Directors") (the "Acquisition").
The combined operations of Western, a Canadian producer of high quality
metallurgical coal, and Cambrian, a UK based diversified mining company
operating in three continents, will result in a financially stronger and more
diversified coal mining company. The combination of these two companies is an
excellent strategic fit, as Cambrian, with a 34% interest in Western's common
shares and C$29 million ownership of Western's convertible debentures, has
been instrumental in developing Western's mines and bringing them into
operation.
The Acquisition values Cambrian at approximately (pnds stlg)67.4 million
(or C$120 million) and each Cambrian Share at 57 pence based on the Closing
Price of one Western Share of 76 pence on May 19, 2009, the last Dealing Day
prior to the date of this announcement.
Mr. John Byrne, Chairman of Western and Cambrian, comments, "This
transaction is demonstrably beneficial to shareholders for both companies. It
simplifies the corporate structure and provides a solid foundation for growth.
From the Western shareholder's perspective, Western will acquire 100% of
low-cost metallurgical and thermal coal mines in West Virginia, 50.6% of a
thermal coal mine in the UK, 45% of Xtract Energy, and 100% of AGD Mining.
From the Cambrian shareholders' perspective, this transaction will remove the
holding company discount which we believe has affected the valuation of the
company for many years and shareholders will retain a significant interest in
a larger and financially stronger group."
KEY ACQUISITION BENEFITS
The creation of a larger, stronger, and more diversified coal mining
company will significantly increase the long-term growth prospects of the
combined company. The key benefits of the Acquisition are:
- Globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales,
UK;
- Product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- Sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- An expansion of coal reserves and resources by 39% and 50%,
respectively;
- Increased size with the 100% increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to over 10 million tonnes per year;
- Cost savings through reduced overhead, marketing and operational
synergies;
- A simplified ownership structure that will increase the public float
of shares by 55%.
BOARD OF DIRECTORS
On completion of the merger, the board of Western will continue to be
John Brodie, John Byrne, Robert Chase, John Conlon, John Hogg, who will also
continue to be Western's President & CEO, Charles Pitcher and Julian Treger.
TERMS OF THE ACQUISITION
The Acquisition will be carried out by way of a scheme of arrangement of
Cambrian under English law, involving a reduction of capital under English
law, pursuant to which all of the issued and to be issued ordinary share
capital of Cambrian (other than treasury shares or shares held by Western)
will be cancelled, new shares issued to Western and Cambrian will become a
wholly-owned subsidiary of Western.
Under the Acquisition, holders of ordinary shares in Cambrian ("Cambrian
Shareholders" and "Cambrian Shares") will receive 0.75 common shares in
Western ("Western Shares") for every 1 Cambrian Share held. Upon completion of
the Acquisition, Western will issue approximately 88.6 million new common
shares, representing approximately 29.5% of Westerns issued and outstanding
shares, as increased by this issue, but before any adjustment for the
approximately 72.1 million common shares that the Cambrian Group will continue
to hold upon the Scheme becoming effective. Upon cancellation of those shares,
the new Western common shares will represent approximately 38.9% of Western's
issued and outstanding shares.
Irrevocable agreements to vote in favour of the Acquisition have been
secured from Audley European Opportunities Master Fund Limited, in respect of
approximately 24.7% of Cambrian's ordinary shares (other than treasury shares
or shares held by Western).
Full details of the Acquisition will be included in the Management
Information Circular of Western and Scheme Document of Cambrian, which will be
mailed to the Western shareholders and Cambrian shareholders, respectively.
The documents are expected to be filed with the appropriate regulatory
authorities and mailed to the applicable company's shareholders by May 26,
2009.
The Acquisition is subject to the usual regulatory and court approvals
and to obtaining the approval of a minimum 75% by value and more than 50% by
number approval of those shares voted at a meeting of the shareholders of
Cambrian, and the majority approval of the minority shareholders of Western,
being all shareholders of Western other than Cambrian, Audley European
Opportunities Master Fund Limited and their respective associates and
affiliates, at a special meeting of the shareholders of Western. Western will
be holding a shareholder meeting on June 24, 2009. The parties expect that the
Acquisition will close in early July 2009.
ADVISORS
Western's financial advisors are Cormark Securities Inc. (Cormark) and
Cenkos Securities plc, who is also the Company's nominated advisor (NOMAD).
Lawson Lundell LLP (Canada) and Reynolds Porter Chamberlain LLP (England) are
Western's legal counsel. Fraser Milner Casgrain LLP is acting as legal counsel
to Western's Independent Directors.
Cambrian's financial advisor and NOMAD is Singer Capital Markets Limited.
Goodmans LLP in Canada and Trowers & Hamlins LLP in the UK are acting as
external legal counsel to Cambrian. Cambrian's Canadian financial advisors are
GMP Securities LLP.
BOARD RECOMMENDATIONS
Based on the recommendation of the special committee of the Western
Independent Directors, as well as a formal valuation and fairness opinion of
Cormark, the board of directors of Western (with directors that also serve on
Cambrian's board and Julian Treger abstaining from voting) have unanimously
approved the Acquisition and will be recommending that the shareholders of
Western approve the Acquisition. The board of directors of Cambrian (with
directors that also serve on Western's board abstaining from voting) have also
unanimously approved the Acquisition and the Cambrian Independent Directors
will be recommending that the Cambrian Shareholders approve the Acquisition.
CONFERENCE CALL
Western will be hosting a conference call to present the Acquisition at
10:30am (Pacific) on May 20, 2009. To listen to the call, dial either
1-800-731-5319 or 416-644-3426. The call will also be webcast live on the
Company's website at www.westerncanadiancoal.com. Accompanying presentation
slides will also be available on the Company's website.
About Cambrian Mining Plc
Cambrian Mining Plc is a diversified mining group, headquartered in
London, UK. Cambrian operates in three continents and produces four
commodities. The Cambrian Group produces metallurgical coal, thermal coal,
gold and antimony from four locations; West Virginia USA, Western Canada,
Wales and Victoria, Australia. Cambrian's customers are located in Asia,
Western Europe and USA. Cambrian actively looks for growth through
acquisitions and organic development. For more information, visit
www.cambrianmining.com.
About Western Canadian Coal Corp
Western Canadian Coal Corp. produces high quality metallurgical coal from
mines located in north eastern British Columbia. The coal is sold to many of
the top steelmakers in the world. Western also has interests in various coal
properties in northern and southern British Columbia and a 50% interest to
explore and develop the Belcourt and Saxon group of properties in northern
British Columbia. For more information, visit www.westerncanadiancoal.com.
Forward-Looking Information
This news release contains "forward-looking information" within the
meaning of applicable securities laws. Forward-looking information includes,
but is not limited to, information concerning the proposed business
combination between Western and Cambrian and matters relating thereto.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of such
words and phrases or statements that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of
management at the date the information is made, and is based on a number of
assumptions and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. Assumptions upon which
such forward-looking information is based include, without limitation, that
the shareholders of Western and Cambrian will approve the Acquisition, that
all required third party, court, regulatory and governmental approvals to the
Acquisition will be obtained and all other conditions to the making of any
offer and/or the completion of the Acquisition will be satisfied or waived.
Many of these assumptions are based on factors and events that are not within
the control of Western and Cambrian and there is no assurance they will prove
to be correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information include changes in
market conditions, variations in coal recovery rates, risks relating to
international operations, fluctuating coal prices and currency exchange rates,
changes in project parameters, the possibility of project cost overruns or
unanticipated costs and expenses, labour disputes and other risks of the
mining industry, failure of plant, equipment or processes to operate as
anticipated, the business of the companies not being integrated successfully
or such integration proving more difficult, time consuming or costly than
expected as well as those risk factors discussed in the Annual Information
Form for the year ended March 31, 2008 for Western available on www.sedar.com
and the June 30, 2008 Annual Report for Cambrian available in Cambrian's
website at www.cambrianmining.com. Although Western and Cambrian have
attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Western and Cambrian undertake no obligation to update
forward-looking information if circumstances or management's estimates or
opinions should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
information.
The Announcement made today is in accordance with the Rule 2.5 of the UK
Takeover Code. The 2.5 announcement follows.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE REPUBLIC OF SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
20 May 2009
Recommended proposal for the acquisition of Cambrian Mining Plc
by Western Canadian Coal Corp.
to be implemented by means of a scheme of arrangement
and extension to Cambrian's US $27million 6.750 per cent.
unsecured convertible notes
Summary
- The Cambrian Independent Directors and the Western Independent
Directors are pleased to announce the terms of a recommended proposal
for the acquisition by Western of the whole of the issued and to be
issued ordinary share capital of Cambrian. It is intended that the
Proposal will be effected by way of a scheme of arrangement of
Cambrian under section 899 of the Companies Act 2006.
- Under the Proposal, Scheme Shareholders will receive 0.75 new Western
Shares for every 1 Cambrian Share held.
- The Proposal values the entire issued ordinary share capital of
Cambrian at approximately (pnds stlg)67.4 million and each Cambrian
Share at 57.0 pence based on the Closing Price of one Western Share
of 76 pence on 19 May 2009, being the last Dealing Day prior to the
date of this announcement.
- Based on yesterday's Closing Price of a Western Share, the
consideration under the Proposal represents:
- a premium of approximately 246 per cent. to the Closing Price of a
Cambrian Share of 16.5 pence on 15 December 2008, being the last
Dealing Day prior to the commencement of the Offer Period; and
- a premium of approximately 27 per cent. to the Closing Price of a
Cambrian Share of 44.75 pence on 19 May 2009, being the last
Dealing Day prior to this announcement.
- In agreeing to the cancellation of their Cambrian Shares in exchange
for the receipt of Western Shares, the Cambrian Independent Directors
believe that Cambrian Shareholders will benefit from continuing to
hold an investment in the same underlying assets while gaining a more
direct investment in Western's assets. In addition, by being part of
the Enlarged Group, Cambrian will benefit from:
- a transaction that is consistent with Cambrian's stated strategy
of transforming into an operating mining company;
- a strengthened balance sheet;
- increased capital market scale and increased share liquidity;
- improved prospects of retaining existing, and attracting new
personnel through an enhanced group profile and scale synergies;
and
- simplification of the structure of the Cambrian Group.
The Western Independent Directors believe that the Proposal will allow
Western to benefit from the creation of a larger, stronger, and more
diversified coal mining company, which will significantly increase the
long-term prospects of the combined company. The key benefits are:
- globally diversified operations, with operating coal mines in
three key coal producing regions (Western Canada, West Virginia
and Wales);
- product diversification with the introduction of thermal coal to
the existing product mix of hard coking coal and low-vol PCI coal;
- sales diversification with a more balanced sales program into
Asia, Europe and the USA;
- an expansion of coal reserves and resources by 39 per cent. and 50
per cent. respectively;;
- increased size with the 100 per cent. increase in the current's
coal production to approximately 3.5 million tonnes, with the
potential to grow to 10 million tonnes per year;
- cost savings through reduced overhead, marketing and operational
synergies; and
- a simplified ownership structure that will increase the public
float of shares by 55 per cent.
- The Cambrian Independent Directors, who have been so advised by
Singer, consider the terms of the Proposal to be fair and reasonable.
In providing its advice to them, Singer has taken into account the
commercial assessment of the Cambrian Independent Directors. Further
important background to the recommendation is given in the full
announcement.
- The Cambrian Independent Directors will recommend that Cambrian
Shareholders vote in favour of the resolution to approve the Scheme
to be proposed at the Court Meeting and vote in favour of the Special
Resolution to be proposed at the General Meeting.
- The Proposal will be put to Cambrian Shareholders at the Court
Meeting and at the General Meeting, which are expected to be held on
23 June 2009. To become effective, the Scheme must be approved by a
majority in number of the holders of Cambrian Shares present and
voting at the Court Meeting, either in person or by proxy,
representing not less than three fourths in value of the Scheme
Shares that are voted at the Court Meeting. In addition, a special
resolution implementing the Scheme and sanctioning the related
reduction of share capital must be passed by Cambrian Shareholders
representing 75 per cent. of the votes cast at the General Meeting.
- The Scheme is a "related party transaction" for the purposes of
Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), the applicable
Canadian securities law that governs certain transactions which raise
the potential for significant conflicts of interest, including
related party transactions. Pursuant to the requirements for a
related party transaction under MI 61-101 in addition to any other
required security holder approval that may be required in order to
complete a related party transaction, Western must obtain the
approval of at least a simple majority of the votes cast by
"minority" holders of Western Shares. The "minority" holders of
Western Shares for the purposes of the Scheme are all Western
Shareholders other than Cambrian, the Audley Fund, their respective
associates and affiliates, and any related party of any of them, and
any person acting jointly or in concert with any of them.
- An irrevocable undertaking to vote in favour of the Scheme and the
resolutions at the Court Meeting and the General Meeting has been
secured in respect of, in aggregate, 29,142,484 Cambrian Shares,
representing approximately 24.7 per cent. of the existing Cambrian
Shares.
- It is expected that the Scheme Document will be posted on 22 May 2009
and that the Scheme will become effective on 13 July 2009, subject to
the satisfaction of the Conditions set out in Appendix I.
- It is expected that a Management Information Circular will be posted
to Western Shareholders no later than 26 May 2009.
- Cenkos Securities is acting as financial adviser to Western and no
one else in connection with the Offer. Singer is acting as financial
adviser to Cambrian and no one else in relation to the Proposal.
Cormark Securities is acting as financial adviser to Western. GMP
Securities LP is acting as financial adviser to Cambrian.
- The Cambrian Noteholders have agreed to an amendment to the current
terms and conditions of the Cambrian Notes. The principal terms of
the amendments are as follows:
- a ninety day extension of the term so that the maturity date is
extended from 23 May 2009 to 21 August 2009;
- interest rate increase from 6.75 per cent. to 15.0 per cent. per
annum during the extension period, payable monthly in arrears;
- in the event that the Scheme becomes effective, Cambrian will be
required to redeem the Cambrian Notes in full within five business
days of the Effective Date; and
- additional covenants are given by Cambrian in relation to Cambrian
and its subsidiaries which are deemed relatively standard for an
agreement of this type.
The obligation to redeem the Cambrian Notes in full within five business
days of the Scheme becoming effective will also fall on the Enlarged Group
from such date.
The Chairman of both Western and Cambrian, Mr John Byrne, commented:
"This transaction is demonstrably beneficial to shareholders. It
simplifies the corporate structure and provides a solid foundation for growth.
From a Western shareholder's perspective Western acquires 100 per cent.
of ADC, 50.6 per cent. of Energybuild, 45.3 per cent. of Xtract and 100 per
cent. of AGD Mining.
From the Cambrian shareholder's perspective, this transaction will remove
the holding company discount which has affected the valuation of the company
for many years and shareholders will retain a significant interest in a larger
and financially stronger group."
Enquiries in relation to Cambrian please contact:
Cambrian Mining Plc Mark Burridge / Braam Jonker +44 20 7409 0890
Singer Capital Markets Jeff Keating / Gareth Price +44 20 3205 7500
Scott Harris Stephen Scott / Ian Middleton +44 20 7653 0030
Enquiries in relation to Western please contact:
Western Canadian Coal
Corp. David Jan +1.604.694.2891
Cenkos Securities plc Ivonne Cantu / Adrian Hargrave +44 20 7397 8920
Barnes McInerney (media) Camilla Bartosiewicz +1 416 367 5000
Ext. 240
This summary should be read in conjunction with the full text of the
attached announcement (including the Appendices).
Terms used in this summary shall have the meaning given to them in the
full announcement. All times referred to are London times unless otherwise
stated.
This announcement is not intended to, and does not, constitute or form
part of any offer to sell or an invitation to purchase or to subscribe for any
securities pursuant to the Proposal or otherwise or the solicitation of any
vote or approval in any jurisdiction. The Proposal will be made solely through
the Scheme Document, which will contain the full terms and conditions of the
Proposal, including details of how to vote in respect of the Proposal. Any
approval or other response to the Proposal should be made only on the basis of
the information in the Scheme Document. Cambrian and Western Shareholders are
advised to read carefully the formal documentation in relation to the Proposal
once it has been dispatched.
The availability of the Proposal to persons not resident in the United
Kingdom may be affected by the laws of the relevant jurisdiction. Any persons
who are subject to the laws of any jurisdiction other than the UK should
inform themselves about and observe any applicable requirements. New Western
Shares in the hands of certain US Persons are subject to certain restrictions
noted in paragraph 15 of the announcement.
Copies of this announcement are not being, and must not be, directly or
indirectly mailed or otherwise forwarded, distributed or sent in or into any
jurisdiction where to do so would violate the laws of that jurisdiction and
persons receiving this announcement (including custodians, nominees and
trustees) must not mail or otherwise forward, distribute or otherwise send it
in, or into or from any such jurisdiction. Further details in relation to
overseas shareholders will be contained in the Scheme Document.
This announcement has been prepared in accordance with English Law, the
Takeover Code and the AIM Rules and information disclosed may not be the same
as that which would have been prepared in accordance with the laws of
jurisdictions outside England. The Proposal will be subject to the applicable
rules and regulations of the Financial Services Authority, the London Stock
Exchange and the Takeover Code.
This announcement, including information included or incorporated by
reference in this announcement, may contain "forward-looking statements"
concerning the Cambrian Group and the Western Group. Generally, the words
"will", "may", "should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking statements.
These forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from those expressed in the
forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond the companies' abilities to control or estimate
precisely, such as future market conditions and the behaviours of other market
participants, and therefore undue reliance should not be placed on such
statements. Cambrian and Western assume no obligation and do not intend to
update these forward-looking statements, except as required pursuant to
applicable law.
Singer, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting for Cambrian and no one else in
connection with the matters described in this announcement and will not be
responsible to anyone other than Cambrian for providing the protections
afforded to customers of Singer or for providing advice in relation to the
Proposal or any other matters referred to in this announcement.
Cenkos Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively as
financial adviser for Western and no one else in connection with the Proposal
and will not be responsible to anyone other than Western for providing the
protections afforded to customers of Cenkos Securities or for providing advice
in relation to the contents of the Proposal or any matters referred to in this
announcement.
Under the provisions of Rule 8.3 of the Takeover Code, if any person is,
or becomes, "interested" (directly or indirectly) in 1 per cent. or more of
any class of "relevant securities" of Cambrian, all "dealings" in any
"relevant securities" of Cambrian (including by means of an option in respect
of, or a derivative referenced to, any such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the Scheme becomes effective or lapses
or is otherwise withdrawn or on which the "offer period" otherwise ends. If
two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire an "interest" in "relevant securities"
of Cambrian, they will be deemed to be a single person for the purpose of Rule
8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in
"relevant securities" of Cambrian, by Western, or by any of their respective
"associates", must be disclosed by no later than 12.00 noon (London time) on
the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option
in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Takeover Code, which can also
be found on the Panel's website. If you are in any doubt as to whether or not
you are required to disclose a "dealing" under Rule 8, you should consult the
Panel.
Appendix I sets out the conditions to implementation of the Proposal and
the Scheme.
Appendix II contains the definitions of terms used in this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE REPUBLIC OF SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
20 May 2009
Recommended proposal for the acquisition of Cambrian Mining Plc
by Western Canadian Coal Corp.
to be implemented by means of a scheme of arrangement
and extension to Cambrian's US $27million 6.75 per cent. unsecured
convertible notes
1. Introduction
Further to the announcements by Cambrian and Western on 24 December 2008,
the Cambrian Independent Directors and the Western Independent Directors are
pleased to announce that they have reached agreement on the terms of a
recommended proposal for the acquisition by Western of the whole of the issued
and to be issued ordinary share capital of Cambrian. The Proposal is to be
effected by way of a scheme of arrangement of Cambrian under section 899 of
the Companies Act involving a reduction of capital under section 135 of the
1985 Act, which requires approval by the Cambrian Shareholders (other than
Western) and the sanction of the Court. Upon the Scheme becoming effective,
Scheme Shareholders will receive 0.75 New Western Shares for every Scheme
Share held. No fractions of New Western Shares will be allotted.
The Cambrian Noteholders of the US$27 million 6.750 per cent. unsecured
Cambrian Notes have agreed to an amendment to the current terms and conditions
of the Cambrian Notes. The principal terms of the amendments are as follows:
- a ninety day extension of the term so that the maturity date is
extended from 23 May 2009 to 21 August 2009;
- interest rate increase from 6.75 per cent. to 15.0 per cent. per
annum during the extension period, payable monthly in arrears;
- Cambrian is required to redeem the Cambrian Notes in full within five
business days of the Scheme becoming effective; and
- additional covenants are given by Cambrian in relation to Cambrian
and its subsidiaries which are deemed relatively standard for an
agreement of this type.
The obligation to redeem the Cambrian Notes in full within five business
days of the Scheme becoming effective will also fall on the Enlarged Group
from such date.
2. Summary of the terms of the Proposal
The Proposal is to be effected by way of a Court sanctioned scheme of
arrangement of Cambrian under section 899 of the Companies Act involving a
reduction of capital under section 135 of the 1985 Act. The scheme is subject
to the Conditions and the further terms set out in Appendix I of this
document. If the Scheme becomes effective, the Scheme Shares will be cancelled
and Cambrian will become a wholly owned subsidiary of Western.
In consideration for the cancellation of the Scheme Shares, Scheme
Shareholders will receive:
0.75 New Western Shares for every 1 Scheme Share Held
The Proposal values the entire issued ordinary share capital of Cambrian
at approximately (pnds stlg)67.4 million and each Cambrian Share at 57.0 pence
based on the Closing Price of one Western Share of 76.0 pence on 19 May 2009,
being the last Dealing Day prior to the date of this announcement.
Based on yesterday's Closing Price of a Western Share, the consideration
under the Proposal represents:
- a premium of approximately 246 per cent. to the Closing Price of a
Cambrian Share of 16.5 pence on 15 December 2008, being the last
Dealing Day prior to the commencement of the Offer Period; and
- a premium of approximately 27 per cent. to the Closing Price of a
Cambrian Share of 44.75 pence on 19 May 2009, being the last Dealing
Day prior to this announcement.
Assuming no further shares are issued by Cambrian prior to the Scheme
becoming effective, implementation of the Scheme would involve the issue by
Western of up to approximately 88.6 million New Western Shares for the
existing issued Cambrian Shares, excluding the Treasury Shares. This would
represent approximately 38.9 per cent. of Western's issued share capital, as
enlarged by this issue, excluding the approximately 72.1 million Western
Shares that the Cambrian Group will continue to hold immediately following the
Scheme becoming effective and it would represent approximately 29.5 per cent.
of Western's enlarged share capital including the Cambrian Group's
shareholding. Under British Columbia corporate law common shares of a company
held by a subsidiary of that company may not be voted on any matters relating
to such company, and subject to tax and other structuring considerations, the
72.1 million Western Shares owned by the Cambrian Group may be cancelled, in
which case the New Western Shares issued to Cambrian Shareholders will
represent 38.9 per cent. of Western's issued share capital.
The Scheme will become effective upon the sanctioning by the Court of the
Scheme and of the Reduction of Capital and the delivery to the Registrar of
Companies of a copy of the Orders which, subject to the Court's timetable, is
expected to occur by close of business on 13 July 2009.
It is intended that Western will acquire at least one Cambrian Share
which will mean that Western will be a member of Cambrian on the Effective
Date and accordingly there will be no requirement under section 103 of the
Companies Act 1985 for an independent valuation. As its Cambrian Share will
not be a Scheme Share which will be cancelled under the Proposal, Western is
precluded from voting at the Court Meeting and, accordingly, the Cambrian
Share held by Western will not count towards the majorities required to
approve the Scheme. Western will, however, undertake to be bound by the
Scheme. In addition John Byrne and John Conlon, each of whom is a director of
both Western and Cambrian (whose combined shareholdings in Cambrian are
7,711,262 ordinary shares), have indicated that they will not exercise their
rights to vote at the Court Meeting.
3. Irrevocable undertakings
The Audley Fund has irrevocably undertaken to exercise (or procure the
exercise of) the voting rights in respect of its interest in 29,142,484
Cambrian Shares, (representing approximately 24.7 per cent. of the existing
Cambrian Shares) in favour of the resolutions to be proposed at the Court
Meeting and the General Meeting. The irrevocable undertaking signed by the
Audley Fund will cease to be binding if an Independent Competing Offer is made
for Cambrian which is more favourable to the Cambrian Shareholders from a
financial point of view.
The Cambrian Independent Directors do not hold any Cambrian Shares but
have irrevocably undertaken, inter alia, to recommend the terms of the
Proposal. John Byrne and John Conlon have irrevocably undertaken, inter alia,
that in the event that Western switch the Scheme to an Offer they will accept
the Offer.
4. Background to and reasons for recommending the Proposal
During the last two years, one of Cambrian's main strategic objectives
has been to transform itself from a holding company for mining investments
into an operating mining group. Key transactions undertaken during this time
to transform the Cambrian Group have included assisting the refinancing and
ongoing strategic review of Western; acquiring the outstanding share capital
not previously owned by Cambrian in Coal International Plc (now Coal
International Limited); continuing to develop Cambrian's gold/antimony mine at
Costerfield, Australia; and the disposal of Cambrian's interests in Asian
Mineral Resources.
Cambrian has had a longstanding significant holding in Western and the
Cambrian Directors have for some time been considering Cambrian's options for
this investment. The Proposal represents an opportunity to continue the
Cambrian Group's transformation and to establish an Enlarged Group with a
diversified portfolio of assets, including:
- 100 per cent. ownership of three coal mines and two wash plants in
north east British Columbia, Canada with reported production for the
12 month period ended 30 June 2008 of 2.8 million tonnes of
metallurgical coal;
- 100 per cent. ownership of two coal mines and two wash plants in West
Virginia, US, with reported production for the year ended 30 June
2008 of 0.4 million short tons of metallurgical coal and 0.6 million
short tons of thermal coal;
- 50.6 per cent. interest in Energybuild Group Plc (AIM:EBG) with
reported production for the year ended 30 June 2008 of 0.1 million
tonnes of thermal coal and sized coal in Wales;
- future coal production potential of up to 10 million tonnes per annum
from existing reserves and resources; and
- increased coal reserves and resources
In considering whether to recommend the Proposal, the Cambrian
Independent Directors have taken into account a number of factors, including
Cambrian's financial commitments and stated strategy of transforming into an
operating mining company.
In agreeing to the cancellation of their Cambrian Shares in exchange for
the receipt of Western Shares, the Cambrian Independent Directors believe that
by being part of the Enlarged Group, Cambrian's Shareholders will benefit
from:
- gaining a more direct investment in Western's assets while continuing
its investment in the same other assets;
- a strengthened balance sheet;
- increased capital market scale and increased share liquidity;
- improved prospects of retaining existing, and attracting new
personnel through an enhanced group profile and scale synergies; and
- simplification of the structure of the Cambrian Group.
The Western Independent Directors believe that the Proposal will allow
Western to benefit from the creation of a larger, stronger, and more
diversified coal mining company, which will significantly increase the
long-term prospects of the combined company. The key benefits are:
- globally diversified operations, with operating coal mines in three
key coal producing regions (Western Canada, West Virginia and Wales)
- product diversification with the introduction of thermal coal to the
existing product mix of hard coking coal and low-vol PCI coal;
- sales diversification with a more balanced sales program into Asia,
Europe and the USA;
- an expansion of coal reserves and resources by 39 per cent. and 50
per cent. respectively;
- increased size with the 100 per cent. increase in the current's coal
production to approximately 3.5 million tonnes, with the potential to
grow to 10 million tonnes per year;
- cost savings through reduced overhead, marketing and operational
synergies; and
- a simplified ownership structure that will increase the public float
of shares by 55 per cent.
5. Recommendation
The Cambrian Independent Directors, having been so advised by Singer,
consider the terms of the Proposal to be fair and reasonable. In providing its
advice to the Cambrian Independent Directors, Singer has taken into account
the commercial assessments of the Cambrian Independent Directors.
Accordingly, the Cambrian Independent Directors consider that the
resolutions to be proposed at the Court Meeting and the General Meeting are in
the best interests of Cambrian and Cambrian Shareholders. Accordingly, the
Cambrian Independent Directors recommend that (i) Cambrian Shareholders vote
in favour of the resolution to approve the Scheme to be proposed at the Court
Meeting and (ii) Cambrian Shareholders vote in favour of the Special
Resolution to be proposed at the General Meeting.
6. Information on Cambrian
Cambrian is an AIM quoted operating mining company that manages and
supports operations in coal and gold/antimony mining. The Cambrian Group has
been instrumental in supporting the development of a number of mines and
moving them into production. These include: Western's metallurgical coal mines
in British Columbia, Canada; metallurgical and thermal coal mines in West
Virginia, US; Energybuild's Aberpergwm coal mine in Wales; as well as a gold
and antimony mine in Victoria, Australia.
In addition to its mining operations Cambrian has investments in Xtract
Energy Plc, giving it exposure to energy projects and related technologies;
and NEMI, which has a 12 per cent. interest in Peace River Coal LP which in
turn has metallurgical coal interests in northeast British Columbia.
Financial information in relation to Cambrian will be set out in the
Scheme Document.
7. Information on Western
Western's principal business is the acquisition, exploration and
development of coal mining properties and the production and sale of high
quality metallurgical coal from mines located in northeast British Columbia,
Canada. Western has developed a diversified coal asset base adjacent to or
nearby existing infrastructure already established for the northeast
coalfields, including rail, port, town and other facilities.
Western holds the rights to two large multi-deposit coal property groups
- the Wolverine and Brazion groups of properties, which include approximately
35,000 hectares located in northeastern British Columbia under licence or
lease. Additionally, Western holds a 50 per cent. interest in the Belcourt
Saxon Coal Limited Partnership, which holds the rights to two additional
multi-deposit coal property groups - the Belcourt and Saxon groups of
properties, which include more than 50,000 hectares under lease or application
held by Belcourt Saxon Coal Limited.
Western's principal property assets are grouped geographically as
follows:
- the Perry Creek and EB open-pit deposits (the "Wolverine Project")
and the Hermann open-pit deposit, all of which are located within
Western's Wolverine group of coal properties; and
- the Brule Mine and Willow Creek Mine which are open-pit mines located
within Western's Brazion group of coal properties.
Western has demonstrated the economic viability of the Wolverine Mine,
Brule Mine, and the Willow Creek Mine through independent technical studies
that have been publicly disclosed and are available under Western's profile on
the SEDAR website at www.sedar.com.
Western has also published an independent technical study on the Belcourt
deposits in the Belcourt Saxon group of properties. This study has been
publicly disclosed and is available under Western's profile on the SEDAR
website at www.sedar.com
Western also owns or holds an interest in a number of other property
assets located in northeast and southeast British Columbia which are at a less
advanced stage of development.
Financial information in relation to Western will be set out in the
Scheme Document.
8. Management and employees
The board of directors of Western has given assurances to the board of
directors of Cambrian that, following the Scheme becoming effective, the
existing employment rights of all management and employees of the Cambrian
Group will be fully safeguarded.
Immediately after the Scheme has become effective, the management of
Western will commence a comprehensive review of the business model, operations
and staffing levels and roles within the Cambrian Group. Western expects that
this will lead to a reduction in staffing levels as a result of the
implementation of various cost synergies and operational efficiencies.
However, such steps will only be taken after consultation with the appropriate
bodies and/or employee representatives in accordance with legal obligations.
Western does not currently intend to redeploy the fixed assets of Cambrian to
an extent that would have a material impact on the business of Cambrian.
Western has confirmed to the board of directors of Cambrian that its
current plan for the Cambrian Group following the Scheme becoming effective
does not involve any material change in the terms and conditions of employment
of the Cambrian Group employees and there are currently no plans to change the
principal office location of Cambrian.
Following the Scheme becoming effective, the board of directors of
Western will continue to be comprised of the current members of the board,
including John Byrne and John Conlon. John Hogg, Western's current CEO, will
continue as the CEO of Western. The directors of Cambrian and each of its
wholly-owned subsidiaries will step down from the respective boards of those
companies shortly after the Effective Date and members of the management of
Western will be appointed in their place. It is the current intention that
Mark Burridge will stand down as CEO of Cambrian shortly after the Effective
Date.
9. Structure of the Scheme
The Acquisition is to be effected by way of a scheme of arrangement. The
Scheme is an agreement between Cambrian and the holders of Scheme Shares (as
defined in the Scheme) under section 899 of the Companies Act and is subject
to the sanction of the Court.
It is proposed that, under the Scheme, all the Scheme Shares in issue
prior to the Voting Record Time will be cancelled and that the reserve arising
from such cancellation will be applied in paying up in full a number of new
Cambrian Shares (having the same aggregate nominal value as is equal to the
aggregate nominal value of the Scheme Shares cancelled) and issuing them to
Western in consideration for which the holders of the cancelled Scheme Shares
will receive New Western Shares on the basis set out below. Any further Scheme
Shares issued before the Reduction Record Time and in respect of which the
holders are or have consented to be bound by the Scheme will also be subject
to the Scheme.
Scheme Shareholders who are on the register of members of Cambrian at the
Scheme Record Time will receive 0.75 New Western Shares for every 1 Cambrian
Share. No fractions of New Western Shares will be allotted.
Cambrian Shares issued after the Reduction Record Time will not be
subject to the Scheme. Accordingly, it is proposed that the Articles be
amended so that Cambrian Shares issued after the Reduction Record Time (other
than to Western or a nominee of Western) will be automatically acquired by
Western or a nominee of Western on the same terms as under the Scheme.
Any Cambrian Shares issued to holders of Options and Warrants on exercise
of their Options and Warrants after the Reduction Record Time will not be
included in the Scheme and such holders of Options or Warrants will not be
bound by the Scheme. The amendments to the Articles to be proposed at the
General Meeting will provide that any person acquiring Cambrian Shares after
the Reduction Record Time will be required to transfer them to Western on the
basis that they will receive the same number of New Western Shares to which
they would have been entitled had their shares been subject to the Scheme.
It is expected that the Scheme will become effective on the close of
business on 13 July 2009. The Scheme is subject to the Conditions and certain
further terms referred to in Appendix 1 to this document. In particular, the
Scheme requires the approval of Cambrian Shareholders (other than Western) by
the passing of a resolution at the Court Meeting. The resolution must be
approved by a majority in number of the Cambrian Shareholders present and
voting, either in person or by proxy, representing not less than three fourths
in value of the Cambrian Shares held by such Cambrian Shareholders.
Implementation of the Scheme will also require the passing of the Special
Resolution (requiring the approval of Cambrian Shareholders representing at
least 75 per cent. of the votes cast at the General Meeting, which will be
held immediately after the Court Meeting).
Following the Meetings, the Scheme and the related Reduction of Capital
must be sanctioned by the Court and will only become effective upon delivery
to the Registrar of Companies of a copy of the Order sanctioning the Scheme
and, in relation to the Reduction of Capital, the registration of such Order
by the Registrar of Companies.
If the Scheme becomes effective, the terms will be binding on all Scheme
Shareholders irrespective of whether or not they attended or voted in favour
of the Scheme at the Court Meeting or in favour of the Special Resolution at
the General Meeting.
The Panel has confirmed, having consulted with Singer, Cenkos Securities
and Arbuthnot Corporate Finance (Energybuild's independent financial adviser
for the purposes of Rule 3 of the Takeover Code), and the independent
directors of Energybuild, that, as a consequence of the Scheme becoming
effective, Western will not be required to make a mandatory offer under Rule 9
of the Takeover Code for the Energybuild shares not already held by Cambrian.
The Scheme is a "related party transaction" for the purposes of
Multilateral Instrument 61 - 101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), the applicable Canadian securities law
that governs certain transactions which raise the potential for significant
conflicts of interest, including related party transactions. Pursuant to the
requirements for a related party transaction under MI 61-101, in addition to
any other required securityholder approval that may be required, in order to
complete a related party transaction, Western must obtain the approval of at
least a simple majority of the votes cast by "minority" holders of Western
Shares. The "minority" holders of Western Shares for the purposes of the
Scheme are all Western Shareholders other than Cambrian, the Audley Fund,
their respective associates and affiliates, and any related party of any of
them, and any person acting jointly or in concert with any of them.
The Acquisition is deemed to be a related party transaction for Western
under the AIM Rules. The Western Independent Directors, having consulted with
Cenkos Securities, Western's nominated advisor, consider that the terms of the
acquisition are fair and reasonable as far as the independent shareholders of
Western are concerned.
10. Cancellation of admission of Cambrian Shares to trading on AIM
Prior to the Scheme becoming effective, application will be made to the
London Stock Exchange for Cambrian Shares to be suspended from trading on AIM
with effect from 7.00 a.m. on the day of the Court Hearing. If the Scheme
becomes effective, based on the expected timetable, the last day of dealings
in Cambrian Shares on AIM is expected to be 6 July 2009 (being the Dealing Day
immediately prior to the Hearing Date).
On the Effective Date, share certificates for Scheme Shares will cease to
be valid and should be destroyed. In addition, entitlements to Scheme Shares
held within the CREST system will be cancelled on the Effective Date. Based on
the expected timetable the last date for registration of transfers of Cambrian
Shares is expected to be 3 July 2009. No transfers of Cambrian Shares (other
than transfers to Western or any nominee(s) of Western) will be registered
after the Scheme Record Time.
11. Amendment to Cambrian Notes Conditions
Cambrian has agreed with the Noteholders that the conditions to the
Cambrian Notes be amended as follows:
- the maturity date of the Cambrian Notes was extended from 23 May 2009
to 21 August 2009;
- during this "extension period", the rate of interest payable on the
Cambrian Notes has increased to 15.0 per cent. per annum payable
monthly in arrears on each of 23 June 2009, 23 July 2009 and on
maturity on 21 August 2009 (or, if earlier, on (and up to (but
excluding)) the date of redemption in accordance with the amended
conditions);
- Cambrian agreed to certain additional covenants of a standard nature
(subject in each case to certain permitted exceptions) throughout the
extension period which restrict Cambrian and its subsidiaries from
undertaking certain transactions without the consent of Noteholders.
These restrictions include, among others, the following:
(a) the declaration or payment of any dividend or distribution, the
purchase or redemption of any shares, or payments in relation to
any other "Indebtedness" (as defined) save for certain permitted
indebtedness or making of certain investments, save for certain
permitted investments;
(b) the incurrence of new "Indebtedness" other than certain permitted
debt;
(c) the creation of any further "Security Interests" (as defined),
subject to certain permitted security interests (for example,
those granted in the ordinary course of business);
(d) transactions with affiliates (for example payments and disposals)
save for the Proposal and certain other permitted exceptions; and
(e) other than with or to Western, in circumstances where Western has
the obligation to redeem the Cambrian Notes, the consolidation or
merger with, or the disposal of all or substantially all assets
to, another entity. The Proposal and the assumptions of such
obligations to redeem the Cambrian Notes set out in the Western
Agreement described below is permitted.
- in the event that Cambrian raises equity or debt capital or
consummates a permitted disposal of assets (other than for these
purposes the sale of mined resources in the ordinary course of
business), then Cambrian shall be obliged to apply the balance of
such proceeds net of costs and expenses and net of an amount of up to
US$2.5 million in aggregate for the purposes of the working capital
requirements of Cambrian and its subsidiaries towards redemption of
the Cambrian Notes (after paying Cambrian's secured creditors in the
case of the proceeds of an asset disposal);
- Cambrian will be required to redeem the Cambrian Notes in full with
accrued interest thereon within five business days of the date on
which the Scheme becomes effective; and
- the amended conditions also include new events of default, namely in
circumstances where the Proposal comprises consideration other than
entirely in shares of Western, and where interest is paid by Cambrian
or its subsidiaries prior to the new maturity date under its secured
loan from Western.
12. Western Agreement
Pursuant to an agreement dated 20 May 2009, entered into between Western,
the Noteholders and Cambrian ("Western Agreement"), Western agreed that
conditional (i) on a written resolution of the Noteholders being duly passed
and (ii) upon and with effect from the Scheme becoming effective, Western
will, or will procure that Cambrian or another member of the Western group of
companies will, redeem the Cambrian Notes in full together with the interest
thereon to (but excluding) the date of such redemption in accordance with the
amended conditions of the Cambrian Notes, by no later than five business days
from the date when the Scheme has become effective. Under the terms of the
Western Agreement, the Noteholders have agreed that such redemption will
constitute a full and final discharge of Cambrian's obligations to redeem the
Cambrian Notes under the amended Conditions of the Cambrian Notes.
13. Disclosure of interests in Cambrian
As at the close of business on 19 May 2009, the last practicable Business
Day prior to the date of this announcement, no member of the Western Group had
any interest in the relevant securities of Cambrian. It is intended that
Western will acquire at least one Cambrian Share which will mean that Western
will be a member of Cambrian on the Effective Date and accordingly there will
be no requirement under Section 103 of the Companies Act 1985 for an
independent valuation. Western will be precluded from voting at the Court
Meeting. Western has provided a US$36,000,000 loan facility to CIH ("Loan")
subject to certain conditions. The Loan became unconditional and was advanced
to CIH on January 21, 2009. Each of Cambrian and Coal International Limited
have guaranteed the obligations of CIH under the Loan and the Loan is secured
against the assets of the Cambrian Group by way inter alia of fixed and
floating charges. The Loan has been reduced by the prepayment by Western to
Cambrian of CAN$5,000,0000 plus accrued interest pursuant to a loan agreement
dated September 13 2007. Further details relating to the Loan will be set out
in the Scheme Document.
14. Combination Agreement
Western and Cambrian have entered into the Combination Agreement which
sets out, among other things, various matters in relation to the
implementation of the Scheme, the conduct of Cambrian's and Western's business
prior to the effective date, an inducement fee payable by Cambrian in certain
circumstances, and non-solicit undertakings. Further details of the
Combination Agreement and inducement fee arrangements will be set out in the
Scheme Document.
Cambrian has agreed to pay Western an inducement fee of (pnds stlg)0.674m
if Western terminates the agreement due to the failure by Cambrian's
shareholders to approve the requisite resolutions, the Court failing to
sanction the Scheme, the directors of Cambrian failing to recommend or
withdrawing their recommendation to its shareholders or Cambrian breaching the
non-solicitation undertakings. Cambrian has undertaken not to solicit an
alternative acquisition proposal from a third party but may consider or
respond to an unsolicited proposal in certain circumstances.
15. Overseas shareholders
Overseas shareholders should inform themselves about, and observe, any
applicable requirements in the relevant jurisdiction. It is the responsibility
of each Overseas Shareholder to satisfy himself as to the full observance of
the laws of the relevant jurisdiction in connection therewith, including the
obtaining of any governmental, exchange control or other consents which may be
required, or the compliance with other necessary formalities which are
required to be observed and the payment of any issue, transfer or other taxes
due in such jurisdiction. It is the responsibility of Cambrian Shareholders
who are citizens, residents or nationals of jurisdictions outside the United
Kingdom to ensure that the correct rate of postage is paid before returning
the enclosed Forms of Proxy. Western may in its sole discretion determine that
New Western Shares shall not be allotted and issued to a Scheme Shareholder
under the Scheme, but shall instead be allotted and issued to a UK nominee
appointed by Western as trustee and sold by the trustee for the benefit of
such persons at the best price reasonably obtainable, if Western is advised
that the allotment and issue of New Western Shares to such Scheme Shareholder
would infringe the laws of any jurisdiction or would require Western to
observe any governmental or other consent or any registration, filing or other
formality with which Western is unable to comply or compliance with which
Western regards as unduly onerous, or Western is unable to so determine
without obtaining advice and Western in its sole discretion determines that,
since the Scheme Shareholders in the relevant jurisdiction hold a de minimis
percentage of the issued share capital of the Company (excluding the Treasury
Shares), the cost of obtaining such advice would be disproportionately
burdensome. Western would expect to seek the agreement of the Panel to such
course of action except where the Scheme Shareholders in the relevant
jurisdiction hold less than a de minimis percentage of Cambrian's issued share
capital (excluding the Treasury Shares).
Further details in relation to overseas shareholders will be contained in
the Scheme Document.
16. General
This announcement is not intended to and does not constitute, or form
part of, any offer to sell or invitation to purchase, otherwise acquire,
subscribe, sell or otherwise dispose of, any securities or the solicitation of
any vote or approval in any jurisdiction pursuant to the Proposal or
otherwise. The Proposal will be made solely through the Scheme Document, which
will contain the full terms and conditions of the Proposal, including details
of how to vote in respect of the Proposal. Any acceptance of or other response
to the Proposal should be made only on the basis of the information in the
Scheme Document.
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by law and
therefore any persons who are subject to the laws of any jurisdiction other
than the United Kingdom should inform themselves about, and observe, any
applicable legal or regulatory requirements. Any failure to comply with the
applicable requirements may constitute a violation of the securities laws of
any such jurisdiction. To the fullest extent permitted by applicable law, the
companies involved in the proposed Proposal disclaim any responsibility or
liability for the violation of such restrictions by any person.
This announcement has been prepared for the purpose of complying with
English law, the Takeover Code and the AIM Rules, and the information
disclosed may not be the same as that which would have been disclosed if this
announcement had been prepared in accordance with the laws of jurisdictions
outside the United Kingdom.
Any person (including, without limitation, any custodian, nominee and
trustee) who would, or otherwise intends to, or who may have a contractual or
legal obligation to, forward this announcement and/or the Scheme Document
and/or any other related document to any jurisdiction outside the United
Kingdom should inform themselves of, and observe, any applicable legal or
regulatory requirements of their jurisdiction before taking any action.
US Holders should note that the Scheme will relate to the shares of a
United Kingdom company that is a "foreign private issuer" as defined under
Rule 3b-4 under the US Exchange Act , and will be governed by English law.
Accordingly, the proxy solicitation rules under the US Exchange Act will not
apply to the Scheme. In addition, a transaction effected by means of a Scheme
of Arrangement is not subject to the tender offer rules under the US Exchange
Act. Moreover the Scheme will be subject to the disclosure requirements and
practices applicable in the United Kingdom to schemes of arrangement, which
differ from the disclosure requirements of the US proxy solicitation rules and
tender offer rules. Financial information included in the Scheme Document will
have been prepared in accordance with accounting standards applicable in the
United Kingdom that may not be comparable in all respects with accounting
standards applicable to financial statements of US companies prepared in
accordance with the US generally accepted accounting principles and that are
subject to US auditing and auditor independence standards. It may be difficult
for Scheme Shareholders who are US Persons to enforce any rights and claims
they may have arising under the US securities laws in respect of the Scheme.
This announcement is not an offer for the sale of securities in the US
and the New Western Shares which will be issued in connection with the
Proposal have not been and will not be registered under the US Securities Act
or under the securities laws of any state in the United States and are being
issued in reliance upon the exemption from registration provided by Section
3(a)(10) of the US Securities Act. New Western Shares issued pursuant to
Section 3(a)(10) of the US Securities Act may be resold without restriction by
any former Scheme Shareholder in the US who is not an affiliate of Cambrian
immediately before the Effective Date or who is not an affiliate of Cambrian
after the Effective Date. Former Scheme Shareholders in the US who are
affiliates of Cambrian immediately before the Effective Date or who are
affiliates of Cambrian after the Effective Date are subject to resale
restrictions under the US Securities Act and may not resell New Western Shares
in the US in the absence of an exemption from registration under the US
Securities Act and may resell New Western Shares outside the US only pursuant
to such an exemption or pursuant to the provisions of Regulation S. US Holders
are urged to consult their legal advisers to determine the availability of
applicable resale provisions.
This announcement, including information included or incorporated by
reference in this announcement, may contain "forward-looking statements"
concerning the Cambrian Group and the Western Group. Generally, the words
"will", "may", "should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking statements. The
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond the companies' abilities to control or estimate
precisely, such as future market conditions and the behaviours of other market
participants, and therefore undue reliance should not be placed on such
statements. Cambrian and Western assume no obligation and do not intend to
update these forward-looking statements, except as required pursuant to
applicable law.
Cenkos Securities, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Western
and no one else in connection with the Proposal and will not be responsible to
anyone other than Western for providing the protections afforded to customers
of Cenkos Securities, nor for providing advice in relation to the contents of
the Proposal or any other matters referred to in this announcement.
Singer, which is authorised and regulated in the United Kingdom by the
Financial Services Authority in the UK, is acting for Cambrian and no one else
in connection with the Proposal and will not be responsible to anyone other
than Cambrian for providing the protections afforded to customers of Singer
nor for providing advice in relation to the Proposal or any other matters
referred to in this announcement.
Appendix I sets out the conditions to implementation of the Proposal and
the Scheme.
Appendix II contains the definitions of terms used in this announcement.
Appendix I
Conditions to Implementation of the Proposal
1. The Proposal is conditional upon the Scheme becoming unconditional
and becoming effective, subject to the Takeover Code, by not later
than 31 July 2009 or such later date (if any) as Cambrian and Western
may agree and the Court may allow. The Scheme is conditional upon:
(a) the approval by a majority in number representing three-fourths
in value of the holders of Cambrian Shares present and voting,
either in person or by proxy, at the Court Meeting (or any
adjournment thereof);
(b) the resolutions set out in the notice of the General Meeting
required to approve and implement the Scheme being duly passed
by the requisite majority at the General Meeting (or any
adjournment thereof);
(c) the Court Sanction being obtained (with or without
modifications, but subject to any such modifications being on
terms acceptable to Cambrian and Western) and a copy of the
Order being delivered for registration to the Registrar of
Companies;
(d) confirmation of the Reduction of Capital by the Court (with or
without modification, but subject to any such modifications
being on terms acceptable to Cambrian and Western), and a copy
of the Reduction Court Order and a minute of such reduction
attached thereto being filed with the Registrar of Companies and
registered by him;
(e) the resolutions required to approve and implement the
Acquisition each being duly passed by the requisite majority at
the Western Meeting (or any adjournment thereof); and
(f) permission being granted for the admission of the New Western
Shares to trading on AIM and listing and posting for trading on
the TSX.
2. Western and Cambrian have agreed that the Proposal is conditional
upon the following matters, and, accordingly, the necessary action to
make the Proposal effective will not be taken unless such Conditions
(as amended if appropriate) have been satisfied or waived:
(a) Authorisations
(i) all Authorisations in any jurisdiction which Western or
Cambrian reasonably deem necessary for or in respect of the
Proposal, its implementation or any acquisition of any
shares in, or control of, Cambrian or any other member of
the Wider Cambrian Group by any member of the Western Group
having been obtained in terms and in a form satisfactory to
Western and Cambrian acting reasonably from any relevant
person or authority or from any person or body with whom any
member of the Wider Cambrian Group or Wider Western Group
has entered into material contractual arrangements and all
such Authorisations remaining in full force and effect and
there being no intimation of any intention to revoke or not
renew the same; and
(ii) all material Authorisations necessary to carry on the
business of (a) any member of the Wider Cambrian Group and
(b) any member of the Wider Western Group remaining in full
force and effect and there being no notification of any
intention to revoke or not to renew the same; and
(iii) all necessary filings, or applications having been made and
all applicable waiting and other periods (including
extensions of such periods) having expired, lapsed or been
terminated and all applicable statutory or regulatory
obligations in any jurisdiction in respect of the Proposal
having been complied with, in each case, in respect of the
acquisition of any shares in or control of, Cambrian by
Western.
(b) Regulatory Intervention
Save as Disclosed, no relevant person having taken, instituted,
implemented or threatened any legal proceedings, or having
required any action to be taken or otherwise having done
anything or having enacted, made or proposed any statute,
regulation, order or decision or taken any other step and there
not continuing to be outstanding any statute, regulation, order
or decision that would or might reasonably be expected to (in
each case to an extent which is material and adverse in the
context of the Wider Cambrian Group or the Wider Western Group
(as the case may be) taken as a whole):
(i) make the Proposal, its implementation or the acquisition
or proposed acquisition of any shares in, or control or
management of, the Wider Cambrian Group by Western
illegal, void or unenforceable; or
(ii) otherwise directly or indirectly prevent, prohibit or
otherwise restrict, restrain, delay or interfere with the
implementation of, or impose additional conditions or
obligations with respect to or otherwise challenge or
require amendment of, the Proposal or the proposed
acquisition of Cambrian by Western or any acquisition of
Cambrian Shares by Western; or
(iii) require, prevent or delay the divestiture (or alter the
terms of any proposed divestiture), by or result in any
delay to Western of any shares or other securities in
Cambrian; or
(iv) impose any limitation on the ability of any member of the
Wider Western Group or any member of the Wider Cambrian
Group to acquire or hold or exercise effectively,
directly or indirectly, any rights of ownership of shares
or other securities or the equivalent in any member of
the Wider Cambrian Group or the Wider Western Group or to
exercise management control over any member of the Wider
Cambrian Group or the Wider Western Group (as the case
may be) taken as a whole; or
(v) require, prevent or delay the disposal by Western or any
member of the Wider Western Group or Cambrian or any
member of the Wider Cambrian Group, of all or any part of
their respective businesses, assets or properties or
impose any limitation on the ability of any of them to
conduct their respective businesses or own their
respective assets or properties; or
(vi) require any member of the Wider Western Group or of the
Wider Cambrian Group to offer to acquire any shares or
other securities (or the equivalent) in any member or any
other assets of the Wider Cambrian Group or the Wider
Western Group owned by any third party (in each case,
other than in implementation of the Proposal); or
(vii) impose any material limitation on the ability of any
member of the Wider Western Group or the Wider Cambrian
Group to integrate or co-ordinate its business, or any
part of it, with the businesses or any part of the
businesses of any other member of the Wider Western Group
and/or the Wider Cambrian Group; or
(viii) result in any member of the Wider Western Group or the
Wider Cambrian Group ceasing to be able to carry on
business under any name under which it presently does so;
or
(ix) (save as related to matters that generally affect
entities conducting similar businesses) and adversely
affect any or all of the businesses, assets or financial
condition or trading position or profits or prospects of
any member of the Wider Western Group or the Wider
Cambrian Group;
and all applicable waiting and other time periods during which
any such relevant person could institute, or implement or
threaten any legal proceedings, having expired, lapsed or been
terminated.
(c) Consequences of the Proposal
Save as Disclosed, there being no provision of any agreement to
which any member of the Wider Cambrian Group or the Wider Western
Group is a party, or by or to which any such member, or any part
of their assets, is or may be bound, entitled or subject, which
would as a consequence of the Proposal or of the acquisition or
proposed acquisition of all or any part of the issued share
capital of, or change of control or management of, Cambrian or
any other member of the Cambrian Group result in (in each case to
an extent which is material and adverse in the context of the
Wider Cambrian Group or the Wider Western Group (as the case may
be) taken as a whole):
(i) any material assets or interests of any member of the
Wider Cambrian Group or the Wider Western Group being or
failing to be disposed of or charged in any way or
ceasing to be available to any member of the Wider
Cambrian Group or the Wider Western Group or any rights
arising under which any such asset or interest could be
required to be disposed of or charged in any way or could
cease to be available to any member of the Wider Cambrian
Group or the Wider Western Group; or
(ii) any moneys borrowed by, or other indebtedness (actual or
contingent) of, or any grant available to, any member of
the Wider Cambrian Group or the Wider Western Group being
or becoming repayable or capable of being declared
repayable immediately or earlier than the repayment date
stated in such agreement or the ability of such member of
the Wider Cambrian Group or the Wider Western Group to
incur any such borrowing or indebtedness becoming or
being capable of becoming withdrawn, inhibited or
prohibited; or
(iii) any such agreement or the rights, liabilities,
obligations or interests of any such member under it
being terminated or materially and adversely modified or
affected or any onerous obligation arising or any
material adverse action being taken under it; or
(iv) the interests or business of any such member in or with
any third party (or any arrangements relating to any such
interests or business) being terminated or adversely
modified or affected; or
(v) the financial or trading position or prospects or value
of any member of the Wider Cambrian Group or the Wider
Western Group being materially prejudiced or materially
and adversely affected; or
(vi) the creation of any mortgage, charge or other security
interest over the whole or any part of the business,
property or assets of any member of the Wider Cambrian
Group or any such security (whenever arising or having
arisen) becoming enforceable or being enforced; or
(vii) any member of the Wider Cambrian Group or the Wider
Western Group ceasing to be able to carry on business
under any name under which or on the terms on which it
currently does so or any person presently not able to
carry on business under any name under which any member
of the Wider Cambrian Group or the Wider Western Group
currently carries on business becoming able to do so; or
(viii) the creation of actual or contingent material liabilities
by any member of the Wider Cambrian Group other than in
the ordinary course of trading; or
(ix) the ability of any member of the Wider Cambrian Group or
the Wider Western Group to carry on its business being
materially and adversely affected,
and no event having occurred which, under any provision of any
such agreement to which any member of the Wider Cambrian Group or
the Wider Western Group is a party, or by or to which any such
member, or any of its assets, may be bound, entitled or subject
above, could result in any of the events or circumstances as are
referred to in sub-paragraphs (i) to (ix) above inclusive.
(d) No Corporate Action Taken Since the Accounting Date (Cambrian)
Since the Accounting Date, save as otherwise Disclosed or
pursuant to transactions in favour of Cambrian or a wholly-owned
subsidiary of Cambrian, no member of the Wider Cambrian Group
having (in each case to an extent which is material and adverse
in the context of the Wider Cambrian Group taken as a whole):
(i) issued or agreed to issue or authorised or proposed the
issue or grant of additional shares of any class or
securities convertible into or exchangeable for, or
rights, warrants or options to subscribe for or acquire,
any such shares or convertible securities (save pursuant
to the issue of Cambrian Shares on the exercise of
Disclosed Cambrian share options or warrants); or
(ii) redeemed, purchased, repaid or reduced or announced the
redemption, purchase, repayment or reduction of any part
of its share capital or other securities or made,
authorised or proposed or announced the making of any
other change to its share or loan capital; or
(iii) recommended, declared, paid or made or proposed to
recommend, declare, pay or make any dividend, bonus issue
or other distribution whether payable in cash or
otherwise other than dividends lawfully paid to Cambrian
or wholly owned subsidiaries of Cambrian; or
(iv) (save for transactions between two or more wholly owned
members of the Cambrian Group) merged or demerged with or
from, or acquired, any body corporate or authorised or
proposed or announced any intention to propose any such
merger or demerger; or
(v) other than in the ordinary course of business acquired or
disposed of, transferred, mortgaged or charged, or
created or granted any security interest over, any
material assets (including shares and trade investments)
or authorised or proposed or announced any intention to
propose any acquisition, disposal, transfer, mortgage,
charge or creation or grant of any such security
interest; or
(vi) (save for transactions between two or more wholly owned
members of the Cambrian Group) issued or authorised or
proposed the issue of any debentures or incurred or
increased any borrowings, indebtedness or liability
(actual or contingent); or
(vi) entered into or varied, or authorised or proposed the
entry into or variation of, or announced its intention to
enter into or vary, any transaction, arrangement,
contract or commitment (whether in respect of capital
expenditure or otherwise) which is material and of a long
term, onerous or unusual nature or magnitude (other than
to a nature and extent which is normal in the context of
the business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so long, onerous or unusual in nature or magnitude)
or which is restrictive to the existing business of any
member of the Wider Cambrian Group (other than to a
nature and extent which is normal in the context of the
business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so restrictive) or which is not in the ordinary
course of business; or
(viii) entered into, implemented, effected, authorised or
proposed or announced its intention to enter into,
implement, effect, authorise or propose any material
contract, reconstruction, amalgamation, scheme,
commitment or other transaction or arrangement other than
in the ordinary course of business; or
(ix) waived or compromised any material claim (other than in
the ordinary course of business); or
(*) entered into or varied or made any offer (which remains
open for acceptance) to enter into or vary the terms of
any material contract with any of the directors or senior
executives of Cambrian or any of the directors or senior
executives of any other member of the Wider Cambrian
Group; or
(xi) taken or proposed any corporate action or had any legal
proceedings instituted or threatened against it or
petition presented for its winding-up (voluntary or
otherwise), dissolution or reorganisation or for the
appointment of a receiver, administrator, administrative
receiver, trustee or similar officer of all or any
material part of its assets and revenues or for any
analogous proceedings or steps in any jurisdiction or for
the appointment of any analogous person in any
jurisdiction; or
(xii) been unable, or admitted in writing that it is unable, to
pay its debts or has stopped or suspended (or threatened
to stop or suspend) payment of its debts generally or
ceased or threatened to cease carrying on all or a
substantial part of its business; or
(xiii) made any material alteration to its memorandum or
articles of association, or other incorporation
documents; or
(xiv) disposed of or acquired any assets or businesses or
offered or agreed to the same for an amount in aggregate
of pnds stlg 500,000 or more (or in the case of disposals
where the book value was in aggregate greater than pnds
stlg 500,000), entered into or offered or agreed to enter
into or announced any arrangement which requires
expenditure or the foregoing of revenue by the Wider
Cambrian Group of an amount in aggregate of greater than
pnds stlg 500,000; or
(xv) entered into any agreement or passed any resolution or
made any offer (which remains open for acceptance) or
proposed or announced any intention with respect to any
of the transactions, matters or events referred to in
this condition 2(d) other than in the ordinary course of
business.
(e) Other Events Since the Accounting Date (Cambrian)
In the period since the Accounting Date, save as Disclosed:
(i) no litigation or arbitration proceedings, prosecution,
investigation or other legal proceedings having been
announced, instituted, threatened or remaining
outstanding by, against or in respect of, any member of
the Wider Cambrian Group or to which any member of the
Wider Cambrian Group is or may become a party (whether as
claimant, defendant or otherwise) which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Cambrian Group; and
(ii) no event, change or condition has occurred or become
known to Cambrian which has resulted in or could be
reasonably expected to have a material adverse change or
a material deterioration in the business or assets or
financial or trading position, assets, liabilities or
profits or prospects of any member of the Wider Cambrian
Group; and
(iii) no enquiry or investigation by, or complaint or reference
to, any relevant person or authority against or in
respect of any member of the Wider Cambrian Group having
been threatened, announced, implemented or instituted or
remaining outstanding by, against or in respect of, any
member of the Wider Cambrian Group which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Cambrian Group taken as a
whole; and
(iv) no contingent or other liability having arisen or become
apparent or increased which in any case, would be likely
to have a material adverse effect on the financial
position of the Wider Cambrian Group taken as a whole;
and
(v) the business of the Wider Cambrian Group has been carried
on in the usual and ordinary course in all material
respects.
(f) No Corporate Action Taken Since the Accounting Date (Western)
Since the Accounting Date, save as otherwise Disclosed or
pursuant to transactions in favour of Western or a wholly-owned
subsidiary of Western, no member of the Wider Western Group
having (in each case to an extent which is material and adverse
in the context of the Wider Western Group taken as a whole):
(i) issued or agreed to issue or authorised or proposed the
issue or grant of additional shares of any class or
securities convertible into or exchangeable for, or
rights, warrants or options to subscribe for or acquire,
any such shares or convertible securities (save pursuant
to the issue of Western Shares on the exercise of
Disclosed Western options or warrants); or
(ii) redeemed, purchased, repaid or reduced or announced the
redemption, purchase, repayment or reduction of any part
of its share capital or other securities or made
authorised or proposed or announced the making of any
other change to its share or loan capital; or
(iii) recommended, declared, paid or made or proposed to
recommend, declare, pay or make any dividend, bonus issue
or other distribution whether payable in cash or
otherwise other than dividends lawfully paid to Western
or wholly owned subsidiaries of Western; or
(iv) (save for transactions between two or more wholly owned
members of the Western Group) merged or demerged with or
from, or acquired, any body corporate or authorised or
proposed or announced any intention to propose any such
merger or demerger; or
(v) other than in the ordinary course of business acquired or
disposed of, transferred, mortgaged or charged, or
created or granted any security interest over, any
material assets (including shares and trade investments)
or authorised or proposed or announced any intention to
propose any acquisition, disposal, transfer, mortgage,
charge or creation or grant of any such security
interest; or
(vi) (save for transactions between two or more wholly owned
members of the Western Group) issued or authorised or
proposed the issue of any debentures or incurred or
increased any borrowings, indebtedness or liability
(actual or contingent); or
(vii) entered into or varied, or authorised or proposed the
entry into or variation of, or announced its intention to
enter into or vary, any transaction, arrangement,
contract or commitment (whether in respect of capital
expenditure or otherwise) which is material and of a long
term, onerous or unusual nature or magnitude (other than
to a nature and extent which is normal in the context of
the business concerned or which is or could involve
obligations which would or might reasonably be expected
to be so long, onerous or unusual in nature or magnitude)
or which is restrictive to the existing business of any
member of the Wider Western Group (other than to a nature
and extent which is normal in the context of the business
concerned or which is or could involve obligations which
would or might reasonably be expected to be so
restrictive) or which is not in the ordinary course of
business; or
(viii) entered into, implemented, effected, authorised or
proposed or announced its intention to enter into,
implement, effect, authorise or propose any material
contract, reconstruction, amalgamation, scheme,
commitment or other transaction or arrangement other than
in the ordinary course of business; or
(ix) waived or compromised any material claim (other than in
the ordinary course of business); or
(*) entered into or varied or made any offer (which remains
open for acceptance) to enter into or vary the terms of
any material contract with any of the directors or senior
executives of Western or any of the directors or senior
executives of any other member of the Wider Western
Group; or
(xi) taken or proposed any corporate action or had any legal
proceedings instituted or threatened against it or
petition presented for its winding-up (voluntary or
otherwise), dissolution or reorganisation or for the
appointment of a receiver, administrator, administrative
receiver, trustee or similar officer of all or any
material part of its assets and revenues or for any
analogous proceedings or steps in any jurisdiction or for
the appointment of any analogous person in any
jurisdiction; or
(xii) been unable, or admitted in writing that it is unable, to
pay its debts or has stopped or suspended (or threatened
to stop or suspend) payment of its debts generally or
ceased or threatened to cease carrying on all or a
substantial part of its business; or
(xiii) made any material alteration to its notice of articles,
or articles or other incorporation documents; or
(xiv) disposed of or acquired any assets or businesses or
offered or agreed to the same for an amount in aggregate
of pnds stlg 500,000 or more (or in the case of disposals
where the book value was in aggregate greater than pnds
stlg 500,000), entered into or offered or agreed to enter
into or announced any arrangement which requires
expenditure or the foregoing of revenue by the Western
Group of an amount in aggregate of greater than pnds stlg
500,000; or
(xv) entered into any agreement or passed any resolution or
made any offer (which remains open for acceptance) or
proposed or announced any intention with respect to any
of the transactions, matters or events referred to in
this condition 2(f) other than in the ordinary course of
business.
(g) Other Events Since the Accounting Date (Western)
In the period since the Accounting Date, save as Disclosed:
(i) no litigation or arbitration proceedings, prosecution,
investigation or other legal proceedings having been
announced, instituted, threatened or remaining
outstanding by, against or in respect of, any member of
the Wider Western Group or to which any member of the
Wider Western Group is or may become a party (whether as
claimant, defendant or otherwise) which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Western Group; and
(ii) no event, change or condition has occurred or become
known to Western which has resulted in or could be
reasonably expected to have a material adverse change or
a material deterioration in the business or assets or
financial or trading position, assets, liabilities or
profits or prospects of any member of the Wider Western
Group; and
(iii) no enquiry or investigation by, or complaint or reference
to, any relevant person or authority against or in
respect of any member of the Wider Western Group having
been threatened, announced, implemented or instituted or
remaining outstanding by, against or in respect of, any
member of the Wider Western Group which in any case,
would be likely to have a material adverse effect on the
financial position of the Wider Western Group taken as a
whole; and
(iv) no contingent or other liability having arisen or become
apparent or increased which in any case, would be likely
to have a material adverse effect on the financial
position of the Wider Western Group taken as a whole; and
(v) the business of the Wider Western Group has been carried
on in the usual and ordinary course in all material
respects.
(h) Other Issues (Cambrian)
Save as Disclosed, Western not having discovered that (in each
case to an extent which is material and adverse in the context of
the Wider Cambrian Group taken as a whole):
(i) the financial, business or other information disclosed at
any time by any member of the Wider Cambrian Group,
whether publicly or in the context of the Proposal either
contained a material misrepresentation of fact or omitted
to state a fact necessary to make the information
disclosed not misleading in any material respect; or
(ii) any past or present member of the Wider Cambrian Group
has failed to comply with any applicable legislation or
regulations of any jurisdiction with regard to the
release of any contaminant, or that there has otherwise
been any such release (whether or not the same
constituted noncompliance by any person with any such
legislation or regulation, and wherever the same may have
taken place), any of which would be reasonably likely to
give rise to any liability (whether actual or contingent)
or cost on the part of any member of the Wider Cambrian
Group and which is material in the context of the Wider
Cambrian Group taken as a whole; or
(iii) there is or is reasonably likely to be any liability
(whether actual or contingent) to make good, repair,
reinstate or clean up any property now or previously
owned, occupied, operated or made use of or controlled by
any past or present member of the Wider Cambrian Group,
or in which any such member may now have or previously
had an interest under any environmental law or order of
any relevant person or third party or otherwise and which
is material in the context of the Wider Cambrian Group
taken as a whole.
(i) Other Issues (Western)
Save as Disclosed, Cambrian not having discovered that (in each
case to an extent which is material and adverse in the context of
the Wider Western Group taken as a whole):
(i) the financial, business or other information disclosed at
any time by any member of the Wider Western Group,
whether publicly or in the context of the Proposal either
contained a material misrepresentation of fact or omitted
to state a fact necessary to make the information
disclosed not misleading in any material respect; or
(ii) any past or present member of the Wider Western Group has
failed to comply with any applicable legislation or
regulations of any jurisdiction with regard to the
release of any contaminant, or that there has otherwise
been any such release (whether or not the same
constituted noncompliance by any person with any such
legislation or regulation, and wherever the same may have
taken place), any of which would be reasonably likely to
give rise to any liability (whether actual or contingent)
or cost on the part of any member of the Wider Western
Group and which is material in the context of the Wider
Western Group taken as a whole; or
(iii) there is or is reasonably likely to be any liability
(whether actual or contingent) to make good, repair,
reinstate or clean up any property now or previously
owned, occupied, operated or made use of or controlled by
any past or present member of the Wider Western Group, or
in which any such member may now have or previously had
an interest under any environmental law or order of any
relevant person or third party or otherwise and which is
material in the context of the Wider Western Group taken
as a whole.
3. Subject to the requirements of the Panel, Western reserves the
right to waive all or any of the Conditions contained in
paragraphs 2(a); 2(b) and 2(c); 2(d); 2(e); and 2(h), in whole or
in part.
4. Subject to the requirements of the Panel, Cambrian reserves the
right to waive all or any of the Conditions contained in
paragraphs 2(a); 2(b) and 2(c); 2(f); 2(g); and 2(i), in whole or
in part.
5. The Proposal is governed by English law and is subject to the
jurisdiction of the English courts. The rules of the Takeover
Code, so far as they are appropriate, apply to the Proposal.
6. Western reserves the right to elect to implement the Acquisition by
way of a takeover offer. In such event, such offer will be
implemented on the same terms subject to appropriate amendments,
including (without limitation) an acceptance condition set at
ninety per cent of the Cambrian Shares to which such offer relates
(or such a percentage as Western may decide), so far as applicable,
as those which would apply to the Scheme.
7. Western shall be under no obligation to waive or treat as satisfied,
and Cambrian shall be under no obligation to waive or treat as
satisfied any of the Conditions in paragraph 2 by a date earlier than
the latest date for satisfaction thereof, notwithstanding that the
other Conditions of the Proposal may at such earlier date have been
waived or fulfilled and that there are at such earlier date no
circumstances indicating that any of the Conditions may not be
capable of fulfilment.
8. If Western is required by the Panel to make an offer for Cambrian
Shares under the provisions of Rule 9 of the Takeover Code, Western
may make such alterations to any of the above Conditions as are
necessary to comply with the provisions of that Rule.
Appendix II
Definitions
1985 Act the Companies Act 1985 (as amended)
Accounting Date means, in relation to Cambrian, 30 June 2008; and
means, in relation to Western, 31 March 2008
Acquisition the recommended acquisition by Western of the entire
issued and to be issued ordinary share capital of
Cambrian, subject to the Conditions and on the terms
set out in this announcement and the Scheme Document
Admission admission of the New Western Shares to trading on
AIM becoming effective in accordance with the AIM
Rules and listing and posting for trading of the New
Western Shares on the TSX becoming effective in
accordance with the TSX Rules
AIM the Alternative Investment Market operated by the
London Stock Exchange
AIM Rules the AIM rules for Companies published by the London
Stock Exchange governing, inter alia, admission to
AIM and the continuing obligations of companies
admitted to AIM, as amended from time to time
Arbuthnot Corporate Finance the corporate finance division of Arbuthnot
Securities Limited, the investment banking
subsidiary of Arbuthnot Banking Group plc
Articles the articles of association of Cambrian
Audley Fund Audley European Opportunities Master Fund Limited
Authorisations authorisations, orders, grants, recognitions,
confirmations, consents, licences, clearances,
certificates, permissions or approvals
Business Day any day on which banks are generally open in England
and Wales for the transaction of business other than
a Saturday or Sunday or public holiday
Cambrian Cambrian Mining Plc, company number 4010083
Cambrian Annual the audited consolidated report and accounts of
Report Cambrian for the period ended on the Accounting Date
Cambrian Director a director of Cambrian
Cambrian Group Cambrian and its subsidiary undertakings
Cambrian Independent Mark Burridge, Thomas Button and Charles de
Directors Chezelles
Cambrian Notes The US$27,000,000 convertible notes of Cambrian
constituted by a Trust Deed dated 23 May 2006 and
amended by a Supplemental Trust Deed dated 20 May
2009
Cambrian Shares ordinary shares of 20 pence each in the capital of
Cambrian
Cambrian
Shareholders holder(s) of Cambrian Shares
Combination the combination agreement dated 20 May 2009 and
Agreement entered into between Western and Cambrian
Cenkos Securities Cenkos Securities plc
CIH Cambrian Investment Holdings Ltd, company number
5838754, a wholly owned subsidiary of Cambrian
Closing Price the closing middle market quotation of one Cambrian
Share and/or one Western Share as provided by the
daily official list of the London Stock Exchange
Coal International Coal International Ltd (previously Coal
International Plc), a private limited company
incorporated in England and Wales with registered
number 5293936
Companies Act the Companies Act 2006(as amended)
Conditions the conditions to the implementation of the Proposal
(including the Scheme), which are set out in
Appendix I of this announcement
Consideration the New Western Shares to be issued to the Cambrian
Shareholders pursuant to the Scheme
Court the High Court of Justice in England and Wales
Court Hearing the hearing by the Court of the application to
sanction the Scheme
Court Meeting the meeting of Cambrian Shareholders (other than
Western) convened by order of the Court pursuant to
section 899 of the Companies Act to consider and, if
thought fit, approve the Scheme, including any
adjournment thereof
Court Sanction the sanction (with or without modification) of the
Scheme by the Court
CREST the relevant system defined in the CREST Regulations
in respect of which Euroclear is the operator (as
defined in the CREST Regulations)
CREST Regulations the Uncertificated Securities Regulations 2001 (SI
2001 No. 3755), including any modifications thereof
or any regulations in substitution thereof made
under section 207 of the Companies Act 1989 and for
the time being in force.
Dealing Day a day on which the London Stock Exchange is open for
business in the trading of securities admitted to
AIM
Disclosed (i) as disclosed in the Cambrian Annual Report or
the Western Annual Report; or
(ii) as publicly announced by any member of the
Wider Cambrian Group or the Wider Western Group
(through a Regulatory Information Service or any
other information service made available in the
country where the relevant company is listed) prior
to the date of this announcement; or
(iii) as otherwise fairly disclosed in writing
(including facsimile) to Western or its advisers by
or on behalf or Cambrian prior to the date of this
announcement; or
(iv) as otherwise fairly disclosed in writing
(including by facsimile) to Cambrian or its advisers
by or on behalf of Western prior to the date of the
announcement
Effective Date the date on which the Scheme becomes effective in
accordance with its terms
Enlarged Group Western Group as enlarged by the acquisition of the
Cambrian Group, subject to the Scheme becoming
effective
Financial Services the Financial Services Authority acting in its
Authority capacity as the competent authority for the purposes
of Part VI of the Financial Services and Markets Act
2000
General Meeting the general meeting of Cambrian to consider any
resolution required to approve and implement the
Scheme and the Proposal, including any adjournment
thereof
Hearing Date the date of the Court Hearing
Independent the announcement by a third party in accordance with
Competing Offer Rule 2.5 of the Takeover Code, before the date of
the General Meeting, of a firm intention to make an
offer to acquire (or propose a scheme of arrangement
in respect of the acquisition of) all of the issued
and to be issued ordinary share capital of Cambrian
which comprises either a cash offer or proposal or a
securities exchange offer or proposal
LIBOR London Interbank Offer Rate
London Stock London Stock Exchange plc
Exchange
Meetings the Court Meeting and the General Meeting
NEMI NEMI Northern Energy & Mining Inc.
New Western Shares the new Western Shares proposed to be issued by
Western (credited as fully paid) as consideration
under the Proposal
Noteholders the beneficial holders of the Cambrian Notes from
time to time
Offer recommended proposal for the acquisition of Cambrian
by Western
Offer Period the period commencing on 16 December 2008 (being the
date on which Cambrian announced that it had
received a preliminary approach in relation to a
potential offer being made for Cambrian) and ending
on the Effective Date
Options options to subscribe for Cambrian Shares
Orders the Scheme Court Order and the Reduction Court Order
Panel the Panel on Takeovers and Mergers
Proposal the Scheme and other matters to be considered at the
Meetings
Reduction Court the order of the Court confirming the Reduction of
Order Capital
Reduction of Capital the reduction of the share capital of Cambrian under
section 135 of the 1985 Act by the cancellation and
extinguishing of the Scheme Shares, to be effected
as part of the Scheme
Reduction Record 6:00 pm on the Business Day immediately preceding
Time the Hearing Date
Registrar of the Registrar of Companies in England and Wales
Companies
Regulation S Regulation S under the US Securities Act
Regulatory any of the services on the list of Regulatory
Information Service Information Services maintained by the Financial
Services Authority
Scheme the proposed scheme of arrangement under section 899
of the Companies Act between Cambrian and holders of
its Scheme Shares, with or subject to any
modification or addition thereto or condition
approved or imposed by the Court and agreed by
Western and Cambrian
Scheme Document the document to be sent to Cambrian Shareholders
relating to the Proposal
Scheme Record Date the Business Day immediately preceding the Hearing
Date
Scheme Record Time 6.00 p.m. on the Scheme Record Date
Scheme Shares means all the Cambrian Shares (except those held by
Western and the Treasury Shares):
(i) in issue at the date of the Scheme;
(ii) (if any) issued after the date of the Scheme
and prior to the Voting Record Time;
(iii) (if any) issued at or after the Voting Record
Time and before the Reduction Record Time, on terms
that shares are issued subject to the terms of the
Scheme and the holder shall be bound by the Scheme
or in respect of which the holder shall have agreed
in writing by such time to be bound by the Scheme
Scheme Shareholders holders of Scheme Shares
Singer Singer Capital Markets Limited
Special Resolution the special resolution to be proposed by Cambrian at
the General Meeting in connection with, inter alia,
the approval of the Scheme and the Reduction of
Capital
Takeover Code the City Code on Takeovers and Mergers
third party includes person, firm, company or body
Treasury Shares 350,000 Cambrian Shares held in treasury
TSX Toronto Stock Exchange
UK or United the United Kingdom of Great Britain and Northern
Kingdom Ireland
uncertificated or recorded on the relevant register as being held in
in uncertificated uncertificated form in CREST and title to which by
form virtue of the CREST Regulations may be transferred
by means of CREST
United States or US the United States of America, its territories and
possessions, any state of the United States and the
District of Columbia
US Exchange Act the United States Securities Exchange Act of 1934 as
amended and the rules and regulations thereunder
US Holder(s) holder(s) of the applicable security, who is in the
United States including a US Person
US Person a US Person as defined in Rule 902(K) under
Regulation S including, but not limited to any
natural person in the United States
US Securities Act the United States Securities Act of 1933, as amended
and the rules and regulations thereunder
Voting Record Time in relation to both the Court Meeting and the
General Meeting, 6.00 p.m. on the day prior to the
day immediately preceding the Court Meeting or, if
either the Court Meeting or the General Meeting is
adjourned, 6:00 pm on the day prior to the day
immediately before the meeting
Warrants Warrants to subscribe for Cambrian Shares
Western Western Canadian Coal Corp., a company incorporated
in the Province of British Columbia, Canada, with
registered number 551375
Western Annual the audited consolidated report and accounts of
Report Western for the period ended on the 31 March 2008
Western Director a director of Western
Western Group Western and its subsidiaries
Western Independent John Brodie, Robert Chase and Charles Pitcher
Directors
Western Meeting the special meeting of the Western Shareholders
(including any adjourned or postponed meeting) to be
held for the purpose of considering and, if deemed
advisable, approving the Western Resolutions
Western Resolutions the ordinary resolutions of the Western Shareholders
in connection with the approval of the Acquisition
Western Shares means the common shares in the capital of Western
Western Shareholders the holders of Western Shares
Wider Cambrian Cambrian, its subsidiary undertakings and its
Group associated undertakings
Wider Western Group Western, its subsidiary undertakings and its
associated undertakings for the avoidance of doubt,
excluding the Wider Cambrian Group from the
Effective Date
For the purposes of this announcement, "subsidiary", "subsidiary
undertaking" and associated undertaking" have the respective meanings given to
such terms in the Companies Act.
%SEDAR: 00011215E
For further information: Investors: Western Canadian Coal Corp., David Jan,
(604) 694-2891, djan@westerncoal.com; Cenkos Securities plc (Financial
Adviser and NOMAD to Western), Ivonne Cantú, Adrian Hargrave, Nicholas Wells,
+44 20 7397 8980; Media: Barnes McInerney Inc., Camilla Bartosiewicz, (416)
367-5000 (ext 240)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Das ging ja zügig...
57 pence wären 0,65€, ist denke ich zufriedenstellend.
57 pence wären 0,65€, ist denke ich zufriedenstellend.
und was macht der WTN Kurs daraus ? wann wird wieder gehandelt !?!?
Antwort auf Beitrag Nr.: 37.221.364 von oddl84 am 20.05.09 18:19:30
Wow 0,65 EUR pro Cambrian. Damals konnte man die noch fr 0,20 EUR und günstiger haben
Wow 0,65 EUR pro Cambrian. Damals konnte man die noch fr 0,20 EUR und günstiger haben
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.221.364 von oddl84 am 20.05.09 18:19:30das ist gut.
zieh mal den aufschlag von heute ab und rechne aus,was da drauf kommt.
ich find´s in ordnung so.
stellt einer was kritisches fest?
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
ich find´s in ordnung so.
stellt einer was kritisches fest?
WTN
1,41 / 1,41
Handel aber noch nicht freigegeben
1,41 / 1,41
Handel aber noch nicht freigegeben
Antwort auf Beitrag Nr.: 37.221.364 von oddl84 am 20.05.09 18:19:30wow so schnell sind die news da![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
meint ihr morgen wird wieder gehandelt?
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
meint ihr morgen wird wieder gehandelt?
Antwort auf Beitrag Nr.: 37.221.424 von brocklesnar am 20.05.09 18:24:19ich hoffe heute noch.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Kann das jemand erklären?
WTN gibt 88,6 Mio. neue Aktien aus. (Die gehen dann an die Cambrian-Aktionäre).
Cambrian selbst hält aber 72,1 Mio. Aktien. Wieso werden nicht erst die hergenommen?
Die werden dann später gestrichen oder wie? "Upon cancellation of those shares,"
Western will issue approximately 88.6 million new common shares, representing approximately 29.5% of Westerns issued and outstanding shares, as increased by this issue, but before any adjustment for the approximately 72.1 million common shares that the Cambrian Group will continue to hold upon the Scheme becoming effective. Upon cancellation of those shares, the new Western common shares will represent approximately 38.9% of Western's issued and outstanding shares.
WTN gibt 88,6 Mio. neue Aktien aus. (Die gehen dann an die Cambrian-Aktionäre).
Cambrian selbst hält aber 72,1 Mio. Aktien. Wieso werden nicht erst die hergenommen?
Die werden dann später gestrichen oder wie? "Upon cancellation of those shares,"
Western will issue approximately 88.6 million new common shares, representing approximately 29.5% of Westerns issued and outstanding shares, as increased by this issue, but before any adjustment for the approximately 72.1 million common shares that the Cambrian Group will continue to hold upon the Scheme becoming effective. Upon cancellation of those shares, the new Western common shares will represent approximately 38.9% of Western's issued and outstanding shares.
12.30 uhr gehts los
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.221.446 von bolst am 20.05.09 18:26:51
jo in 3 mins
jo in 3 mins
Antwort auf Beitrag Nr.: 37.221.446 von bolst am 20.05.09 18:26:5112:30 Canzeit was ist das bei uns? kann es kaum erwarten
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
kurs zuckt schon.fast 400k stück
Handel wurde soeben wieder aufgenommen:
wundere mich gerade,warum noch jemand zu dem kurs welche abgibt.
sieht aber so aus,als würden die langsam realisieren,was da gerade am entstehen ist.
sieht aber so aus,als würden die langsam realisieren,was da gerade am entstehen ist.
Antwort auf Beitrag Nr.: 37.221.577 von bolst am 20.05.09 18:44:41Irgendwie wird das nicht so positiv aufgenommen !?
Muß zwar erstmal lesen was jetzt genau rausgekommen ist, aber Kanada zündet nicht....Hmmmmmm
Muß zwar erstmal lesen was jetzt genau rausgekommen ist, aber Kanada zündet nicht....Hmmmmmm
Antwort auf Beitrag Nr.: 37.221.601 von OrpheusAusDerAsche am 20.05.09 18:48:01ach orpho wieder hier?
ja can reagiert kaum der kurs ist in meinen augen nichts besonders
ja can reagiert kaum der kurs ist in meinen augen nichts besonders
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.221.646 von brocklesnar am 20.05.09 18:54:34abwarten.
Antwort auf Beitrag Nr.: 37.221.646 von brocklesnar am 20.05.09 18:54:34Habe die ellenlange Meldung gerade überflogen....habe ich da richtig gelesen, das die für den Deal kräftig neue aktien schmeißen wollen um die Burschen die Aktien zu tauschen !???
Wenn ich mich da nicht verlesen habe, dann weiss ich warum der Kurs nicht zündet bzw. wieder nachzugeben versucht......
Lasse mich da gerne berichtigen !
Wenn ich mich da nicht verlesen habe, dann weiss ich warum der Kurs nicht zündet bzw. wieder nachzugeben versucht......
Lasse mich da gerne berichtigen !
Geduld meine Lieben
Rom wurde auch nicht an einem Tag erbaut, das wird auch noch der Rest der Anlegerschar honorieren, ist immer noch ne tolle Chance hier
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Antwort auf Beitrag Nr.: 37.221.646 von brocklesnar am 20.05.09 18:54:34Western will issue approximately 88.6 million new common shares, representing approximately 29.5% of Westerns issued and outstanding shares, as increased by this issue, but before any adjustment for the approximately 72.1 million common shares that the Cambrian Group will continue to hold upon the Scheme becoming effective. Upon cancellation of those shares, the new Western common shares will represent approximately 38.9% of Western's issued and outstanding shares.
Lustige Übersetzung![:)](//img.wallstreet-online.de/smilies/smile.gif)
Western wird rund 88,6 Millionen neuen Aktien, was etwa 29,5% des Westerns ausgegeben und im Umlauf befindlichen Aktien, da der von diesem Problem, sondern vor einer Anpassung für die rund 72,1 Mio. Aktien, dass die Kambrium-Fraktion wird auch weiterhin zu halten, auf die Regelung zu wirksam. Bei einer Stornierung der Aktien der neuen gemeinsamen westlichen Aktien rund 38,9% der Western ausgegebenen Aktien.
Dann kann ich mir denken, warum der gute Deal gerade verpufft bzw. sich im Kurs nicht wiederspiegelt, denn die burschen geben gleichzeitig 88,6 Millionen neue Aktien aus und das drückt gewaltig auf die Stimmung bzw. mann müßte jetzt ausrechnen was die Bude da drüben Wert ist und wieviel das pro Aktie ausmacht, dann dürfte es sich rausstellen ob es ein Zugewinn ist oder nicht, mit diesem Aktiendeal......
Hat schon einer gerechnet ????
Lustige Übersetzung
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Western wird rund 88,6 Millionen neuen Aktien, was etwa 29,5% des Westerns ausgegeben und im Umlauf befindlichen Aktien, da der von diesem Problem, sondern vor einer Anpassung für die rund 72,1 Mio. Aktien, dass die Kambrium-Fraktion wird auch weiterhin zu halten, auf die Regelung zu wirksam. Bei einer Stornierung der Aktien der neuen gemeinsamen westlichen Aktien rund 38,9% der Western ausgegebenen Aktien.
Dann kann ich mir denken, warum der gute Deal gerade verpufft bzw. sich im Kurs nicht wiederspiegelt, denn die burschen geben gleichzeitig 88,6 Millionen neue Aktien aus und das drückt gewaltig auf die Stimmung bzw. mann müßte jetzt ausrechnen was die Bude da drüben Wert ist und wieviel das pro Aktie ausmacht, dann dürfte es sich rausstellen ob es ein Zugewinn ist oder nicht, mit diesem Aktiendeal......
Hat schon einer gerechnet ????
Antwort auf Beitrag Nr.: 37.221.792 von OrpheusAusDerAsche am 20.05.09 19:13:15du suchst aber immer noch das Haar in der Suppe![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
damals bist du um die 0,3-0,4 doch Insolvenzfirma gegangen
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
damals bist du um die 0,3-0,4 doch Insolvenzfirma gegangen
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Der Grund ist das wenige wirklich Ahnung von Western mich eingeschlossen.......!!
Das bei einer Übernahme Aktien ausgegeben ist ist nichts besonderes,vielmehr ist relevant was Western anschließend wert ist.
Kaufen ist jetzt angesagt
Das bei einer Übernahme Aktien ausgegeben ist ist nichts besonderes,vielmehr ist relevant was Western anschließend wert ist.
Kaufen ist jetzt angesagt
müßte gleich los gehen !
Antwort auf Beitrag Nr.: 37.221.855 von algodyne am 20.05.09 19:21:52und warum?
Antwort auf Beitrag Nr.: 37.221.847 von algodyne am 20.05.09 19:20:45mit der übernahme holen die sich ihre eigenen shares zurück,die cambrian hält.![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
zusätzlich bekommt man noch das cash.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
zusätzlich bekommt man noch das cash.
Also heißt es warten...vielleicht knallts ja noch, wenn nicht heute dann halt morgen...![;)](//img.wallstreet-online.de/smilies/wink.gif)
Unsern Männern hier einen superschönen Vatertag morgen
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Unsern Männern hier einen superschönen Vatertag morgen
@ll
gant in ruhe bitte...alles läuft nach plan.
Was habe ich gestern noch geschrieben !
Die Übernahme wird zwar einen kleinen Anstieg hier bringen aber nicht zu viel erwarten...mehr Gewicht werden erst die Zahlen Anfang Juni haben...danach sollte der Kurs zwischen 2-3Euro sich einpendeln !![;)](//img.wallstreet-online.de/smilies/wink.gif)
...also bitte was geduld
gant in ruhe bitte...alles läuft nach plan.
Was habe ich gestern noch geschrieben !
Die Übernahme wird zwar einen kleinen Anstieg hier bringen aber nicht zu viel erwarten...mehr Gewicht werden erst die Zahlen Anfang Juni haben...danach sollte der Kurs zwischen 2-3Euro sich einpendeln !
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
...also bitte was geduld
so ist es,alle haben viel erwartet bei einer News zur Übernahme.
Antwort auf Beitrag Nr.: 37.221.441 von finanzmarc am 20.05.09 18:26:28So schlecht ist das doch gar nicht. Cambrian ist verpflichtet alle seine shares zu halten. Um die Übernahme zu finanzieren gibt WTN 88,6 Mio. neue Aktien aus. Im Gegenzug werden nach der Übernahme die 72,1 Mio. Aktien von Cambrian storniert, alles in allem gibt es also eine Verwässerung durch 14,5 Mio neue Aktien, was meiner Meinung nach nicht toll aber tragbar ist.
Das WTN nach der Bekanntgabe der Übernhame nicht explodiert war ja wohl auch klar, schließlich hat man kurzfristig erst mal enorme Ausgaben, bevor sich die Übernahme langfristig bezahlt macht. Allerdings ist es dennoch ein Schnäppchen.
fg euer oddl
Das WTN nach der Bekanntgabe der Übernhame nicht explodiert war ja wohl auch klar, schließlich hat man kurzfristig erst mal enorme Ausgaben, bevor sich die Übernahme langfristig bezahlt macht. Allerdings ist es dennoch ein Schnäppchen.
fg euer oddl
sag ich doch.der verwässerungseffekt ist mit 8% relativ gering,da man die 72 mio shares,die cambrian von wtn gehalten hatte ja wieder mit zurückbekommt.
insgesammt sind also nun 226,4 mio draußen
jetzt sollte man beide gewinne zusammen rechnen und den cashflow um sich ein bild von der bewertung zu machen.
insgesammt sind also nun 226,4 mio draußen
jetzt sollte man beide gewinne zusammen rechnen und den cashflow um sich ein bild von der bewertung zu machen.
Antwort auf Beitrag Nr.: 37.222.525 von RadyP am 20.05.09 20:43:43danke für das einstellen des links.
oddl hat es zutreffender formuliert.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.222.584 von bolst am 20.05.09 20:51:01Damit wäre jede WTN-Aktie seit heute 8% niedriger bewertet, allerdings sollte der Camb Zusatzwert erheblich höher sein, allein schon das Barvermögen von Camb sollte mehr sein. fg oddl
Antwort auf Beitrag Nr.: 37.222.539 von oddl84 am 20.05.09 20:45:52hallo,
völlig richtig, der deal ist absolut in ordnung. das geschäft war auch so angekündigt worden, tausch von eigenen aktien gegen cambrian. die übernahme von cash und assets im gegenwert von ca. 14,5 shares ist ein guter deal. mit closing stellt sich nur noch einige frage, welche synergieeffekte und welche gegenkosten laufen auf. die beantwortung der frage wird noch etwas dauern, deshalb springt der kurs jetzt auch nicht sofort an. zusätzlich belasten einige wirtschaftsdaten den can. markt.
abwarten und ein bier trinken
völlig richtig, der deal ist absolut in ordnung. das geschäft war auch so angekündigt worden, tausch von eigenen aktien gegen cambrian. die übernahme von cash und assets im gegenwert von ca. 14,5 shares ist ein guter deal. mit closing stellt sich nur noch einige frage, welche synergieeffekte und welche gegenkosten laufen auf. die beantwortung der frage wird noch etwas dauern, deshalb springt der kurs jetzt auch nicht sofort an. zusätzlich belasten einige wirtschaftsdaten den can. markt.
abwarten und ein bier trinken
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
ich denke den kleinen absturz haben wir den märkten zu verdanken.
Antwort auf Beitrag Nr.: 37.223.453 von bolst am 20.05.09 22:24:02schließe mich an!
gruß
gruß
... hier is ja gar nichts mehr los seit gestern. fg
Antwort auf Beitrag Nr.: 37.228.951 von oddl84 am 21.05.09 20:26:26wie du sicher weißt,sind heute andere dinge wichtiger.alkohol,weiber und gesang.
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
sieht echt Scheiße aus die fetten Verkäufe.....!!>
Hoffe das wir nicht weiter nachlassen.
Echt Schade !!
Habe mit Kursen über 1,5 Dollar gerechnet
Hoffe das wir nicht weiter nachlassen.
Echt Schade !!
Habe mit Kursen über 1,5 Dollar gerechnet
Antwort auf Beitrag Nr.: 37.228.982 von bolst am 21.05.09 20:30:07... erst ab Morgen Abend wieder...
... ach Fußball hast vergessen...
... ach Fußball hast vergessen...
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Antwort auf Beitrag Nr.: 37.229.140 von algodyne am 21.05.09 20:50:26Mensch algodyne... locker bleiben und das ganze mal mit längerem Zeithorizont sehen. Außerdem werden jetzt viele ihre WTN Anteile verkaufen und bei Camb einsteigen um noch ein paar Prozentpunkte raus zu kitzeln... schau dir mal den Umsatz in LONDON heute an dann wirst du mir glauben... 2Mio shares
1. Nimm einen Teil deiner Gewinne um das ganze etwas lockerer zu sehen.
2. Gut möglich, dass die Märkte nochmal ordentlich nachgeben, ABER sofern man von einem Investment überzeugt ist und auch weiß weshalb dann kann man das meistens sehr viel lockerer betrachten und hängt nicht ganz so verbissen dem Kurs nach.
3.Was mich zu einem sehr überzeugten Aktionär von WTN macht ist folgendes:
- noch immer niedrige Bewertung!
- toller Deal mit Cambrian!
- werden diese Jahr wohl gute Gewinne einfahren!
- Man hat verlauten lassen, dass man sich möglicherweise noch nach anderen interessanten Werten umsieht!
- genügend Cash!
- es kommen aller Wahrscheinlichkeit noch sehr gute Q4-Zahlen!
- Chart!!
-WICHTIG: Wenn man nun weiter als nur ein halbes Jahr denkt, muss man sich zwangsläufig auch Gedanken über die weitere Energiewirtschaft unserer Welt machen. Ich denke ohne die momentane Finanzkrise wären die Rohstoffpreise noch um einiges weiter gestiegen und sobald die Weltwirtschaft wieder anzieht wird sich dieser Prozess noch stärker fortsetzen. Die Preise für 2008 waren zwar unglaublich hoch, aber ich denke diese werden wieder erreicht und danach überboten werden. Peak-Oil hatten wir wohl schon, bei Gas ging die Exploration massiv zurück, etc. Die internationalen Energiepreise werden wieder massiv ansteigen und dann werden wir wahrscheinlich auch bei WTN nie dagewesene Kurse erreichen können. Allerdings wird dies nicht binnen von 12 Monaten passieren, aber mal schaun wo wir in 24 Monaten stehen. Meiner Meinung nach sicher über 4€.
Das soll lediglich meine Meinung wiederspiegeln, seine eigene kann sich jeder selbst machen.
fg oddl
1. Nimm einen Teil deiner Gewinne um das ganze etwas lockerer zu sehen.
2. Gut möglich, dass die Märkte nochmal ordentlich nachgeben, ABER sofern man von einem Investment überzeugt ist und auch weiß weshalb dann kann man das meistens sehr viel lockerer betrachten und hängt nicht ganz so verbissen dem Kurs nach.
3.Was mich zu einem sehr überzeugten Aktionär von WTN macht ist folgendes:
- noch immer niedrige Bewertung!
- toller Deal mit Cambrian!
- werden diese Jahr wohl gute Gewinne einfahren!
- Man hat verlauten lassen, dass man sich möglicherweise noch nach anderen interessanten Werten umsieht!
- genügend Cash!
- es kommen aller Wahrscheinlichkeit noch sehr gute Q4-Zahlen!
- Chart!!
-WICHTIG: Wenn man nun weiter als nur ein halbes Jahr denkt, muss man sich zwangsläufig auch Gedanken über die weitere Energiewirtschaft unserer Welt machen. Ich denke ohne die momentane Finanzkrise wären die Rohstoffpreise noch um einiges weiter gestiegen und sobald die Weltwirtschaft wieder anzieht wird sich dieser Prozess noch stärker fortsetzen. Die Preise für 2008 waren zwar unglaublich hoch, aber ich denke diese werden wieder erreicht und danach überboten werden. Peak-Oil hatten wir wohl schon, bei Gas ging die Exploration massiv zurück, etc. Die internationalen Energiepreise werden wieder massiv ansteigen und dann werden wir wahrscheinlich auch bei WTN nie dagewesene Kurse erreichen können. Allerdings wird dies nicht binnen von 12 Monaten passieren, aber mal schaun wo wir in 24 Monaten stehen. Meiner Meinung nach sicher über 4€.
Das soll lediglich meine Meinung wiederspiegeln, seine eigene kann sich jeder selbst machen.
fg oddl
wär doch schön gewesen wenn der Kurs gestern über 1 Euro gegangen wär oder ???
bleibe sowiso min. ein halbes Jahr drin ,bis dahin wird sich der gesamte Markt erholt haben..
good luck
bleibe sowiso min. ein halbes Jahr drin ,bis dahin wird sich der gesamte Markt erholt haben..
good luck
sieht wieder nach Verkäufe aus !!
:O:O:O
:O:O:O
was ich nicht verstehe ist das sie neue Aktien ausgeben wollen obwohl sie so luiqide sind.
Stell mir die Frage, ob es lohnent ist weiter bei Western drin zu bleiben,den der Markt erholt sich und evtl. gibt es hiervon Aktien die wesentlich mehr Rendite bringen .
Bei 0,75 Euro werde ich komplett aussteigen und das Thema Western für immer hinter mir lassen.
Die aktuellen Umsätze in D u. Can sprechen eien eindeutige Sprache...
Stell mir die Frage, ob es lohnent ist weiter bei Western drin zu bleiben,den der Markt erholt sich und evtl. gibt es hiervon Aktien die wesentlich mehr Rendite bringen .
Bei 0,75 Euro werde ich komplett aussteigen und das Thema Western für immer hinter mir lassen.
Die aktuellen Umsätze in D u. Can sprechen eien eindeutige Sprache...
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
Antwort auf Beitrag Nr.: 37.234.749 von algodyne am 22.05.09 16:54:16
Servus. Was denn mit dir los? Eigentlich sollte hier doch jeder mindestens 100% im Plus sein?
Nach 100% einfach die Hälfte raus, und den Rest weiterlaufen lassen. Verlust somit unmöglich, die Chance auf weitere Gewinne jedoch weiterhin möglich. Logisch, oder?
Servus. Was denn mit dir los? Eigentlich sollte hier doch jeder mindestens 100% im Plus sein?
Nach 100% einfach die Hälfte raus, und den Rest weiterlaufen lassen. Verlust somit unmöglich, die Chance auf weitere Gewinne jedoch weiterhin möglich. Logisch, oder?
![](http://img140.imageshack.us/img140/1599/scswtn.png)
hab wahrscheinlich zuviel erwartet!
Danke für den Chart !!
eigentlich läuft das ding gerade in die richtige Richtung.
ohne wenn und aber
eigentlich läuft das ding gerade in die richtige Richtung.
ohne wenn und aber
Antwort auf Beitrag Nr.: 37.234.749 von algodyne am 22.05.09 16:54:16volumen ist seit tagen rückläufig.man sollte gewisse zeichen auch zu deuten wissen.steigen die märkte wird auch wtn steigen.vergiß nicht,das wir diese woche einige verluste an den märkten zu verzeichnen hatten.
ISIN CA9578601093
WKN 257111
Typ Aktie
Handelsplatz wählen
Berlin Frankfurt München Stuttgart Xetra
Geldkurs 0,811
Geld-Vol. 10.000
Briefkurs 0,834
Brief-Vol. 10.000
Datum 22.05.09
Kurszeit 17:32
Hauptsache die 0,8 Euro halten
WKN 257111
Typ Aktie
Handelsplatz wählen
Berlin Frankfurt München Stuttgart Xetra
Geldkurs 0,811
Geld-Vol. 10.000
Briefkurs 0,834
Brief-Vol. 10.000
Datum 22.05.09
Kurszeit 17:32
Hauptsache die 0,8 Euro halten
Antwort auf Beitrag Nr.: 37.235.131 von algodyne am 22.05.09 17:35:18
Also der EUR-Kurs interessiert mich nicht die Bohne
Also der EUR-Kurs interessiert mich nicht die Bohne
Western Cdn target shareholder to vote in favour of buy
2009-05-22 12:09 ET - News Release
Mr. Julian Treger reports
AUDLEY EUROPEAN OPPORTUNITIES MASTER FUND LIMITED REGULATORY FILING
Audley European Opportunities Master Fund Ltd. (its manager is Audley Capital Management Ltd.) has entered into an irrevocable agreement to vote its 29,142,484 million shares of Cambrian Mining PLC in favour of a proposed transaction, whereby Cambrian will become a wholly owned subsidiary of Western Canadian Coal Corp. The proposed transaction will be completed by way of a scheme of arrangement under English law, involving a reduction of Cambrian's capital, pursuant to which all of the existing Cambrian shares will be cancelled and new Cambrian shares will be issued to WCC. Existing holders of Cambrian shares will receive 0.75 WCC share in consideration for the cancellation of each Cambrian share held.
The Fund currently owns approximately 40 million WCC shares, warrants to acquire an additional 1,330,000 WCC shares and options to acquire an additional 290,000 WCC shares, collectively representing approximately 19.8% of the WCC Shares that would be outstanding after the exercise of such warrants and options. Audley Capital also controls the WCC shares and warrants owned by the Fund. The Fund and Audley Capital do not currently own or exercise control over any other securities of WCC.
2009-05-22 12:09 ET - News Release
Mr. Julian Treger reports
AUDLEY EUROPEAN OPPORTUNITIES MASTER FUND LIMITED REGULATORY FILING
Audley European Opportunities Master Fund Ltd. (its manager is Audley Capital Management Ltd.) has entered into an irrevocable agreement to vote its 29,142,484 million shares of Cambrian Mining PLC in favour of a proposed transaction, whereby Cambrian will become a wholly owned subsidiary of Western Canadian Coal Corp. The proposed transaction will be completed by way of a scheme of arrangement under English law, involving a reduction of Cambrian's capital, pursuant to which all of the existing Cambrian shares will be cancelled and new Cambrian shares will be issued to WCC. Existing holders of Cambrian shares will receive 0.75 WCC share in consideration for the cancellation of each Cambrian share held.
The Fund currently owns approximately 40 million WCC shares, warrants to acquire an additional 1,330,000 WCC shares and options to acquire an additional 290,000 WCC shares, collectively representing approximately 19.8% of the WCC Shares that would be outstanding after the exercise of such warrants and options. Audley Capital also controls the WCC shares and warrants owned by the Fund. The Fund and Audley Capital do not currently own or exercise control over any other securities of WCC.
Western Canadian Coal (TSX:WTN / WKN: 257111):
Übernahme von Cambrian Mining wird durchgeführt
Wie das Unternehmen am Mittwoch bekanntgab, wird man für
umgerechnet 120Mio. CA$ die britische Cambrian Mining übernehmen.
Bereits am 12.02 und 13.02.09 haben wir bei unserer Depotaufnahme
und in unserem Update auf die Übernahme hingewiesen. Damals notierte die Aktie von Western
Caandian Coal noch bei 0,56 CAD, aktuell stehen 1,30 CAD auf den Kurszetteln. Auch nach 130%
Gewinn sehen wir in dieser Aktie weiteres Potential, nicht zuletzt durch die Synergie-Effekte die
durch die Cambrian Übernahme entstehen.
Jeder Aktionär von Cambrian Mining erhält für 4 Aktien von Cambrian, 3 Aktien von Western in sein
Depot eingebucht. Cambrian zählt mit 72,1 Mio. Aktien von Western Canadian zu deren
Großaktionären. Genau diese Aktien erhält Western aber nun durch die Übernahme zurück, und
erwirbt natürlich noch das operative Geschäft von Cambrian. Dazu zählen:
100 % an kostengünstigen metallurgischen und Thermalkohle-Minen in West Virginia, 50,6% einer
Thermalkohle-Mine in Großbritannien, 45% an Xtract Energy und 100% an AGD Mining.
Western Canadian Coal ist nun also breiter aufgestellt im Kohlemarkt. Zum einen geographisch
(Westen Kanadas, West Virginia und Wales, Großbritannien), und zum anderen kommt zu den bisher
produzierten Arten von Kohle (Kokskohle – hard coking coal und PCI-Kohle) noch die Thermalkohle
dazu. Die Kohlereserven wachsen dadurch um 39% an, die Kohleressourcen um 50%. Die jährliche
Kohleproduktion wird durch die Übernahme auf voraussichtlich 3,5 Mio. Tonnen ansteigen, was
nahezu einer Verdopplung entspricht. Nicht zuletzt wirken sich die Synergie-Effekte auch positiv auf
die Produktions- und Marketing-Kosten aus.
Western wird erstmal 88,6 Mio. Aktien ausgeben, welche an die Cambrian Aktionäre gehen, im
Gegenzug werden dann die 72,1 Mio. Aktien die Cambrian aktuell an Western hält, gestrichen. Die
Anzahl der neuen Aktien beläuft sich letztendlich also auf 16,5 Mio. Stück. Die Anzahl der
ausstehenden Aktien wird von 209,7 Mio. auf 226,2 Mio. ansteigen.
Übernahme von Cambrian Mining wird durchgeführt
Wie das Unternehmen am Mittwoch bekanntgab, wird man für
umgerechnet 120Mio. CA$ die britische Cambrian Mining übernehmen.
Bereits am 12.02 und 13.02.09 haben wir bei unserer Depotaufnahme
und in unserem Update auf die Übernahme hingewiesen. Damals notierte die Aktie von Western
Caandian Coal noch bei 0,56 CAD, aktuell stehen 1,30 CAD auf den Kurszetteln. Auch nach 130%
Gewinn sehen wir in dieser Aktie weiteres Potential, nicht zuletzt durch die Synergie-Effekte die
durch die Cambrian Übernahme entstehen.
Jeder Aktionär von Cambrian Mining erhält für 4 Aktien von Cambrian, 3 Aktien von Western in sein
Depot eingebucht. Cambrian zählt mit 72,1 Mio. Aktien von Western Canadian zu deren
Großaktionären. Genau diese Aktien erhält Western aber nun durch die Übernahme zurück, und
erwirbt natürlich noch das operative Geschäft von Cambrian. Dazu zählen:
100 % an kostengünstigen metallurgischen und Thermalkohle-Minen in West Virginia, 50,6% einer
Thermalkohle-Mine in Großbritannien, 45% an Xtract Energy und 100% an AGD Mining.
Western Canadian Coal ist nun also breiter aufgestellt im Kohlemarkt. Zum einen geographisch
(Westen Kanadas, West Virginia und Wales, Großbritannien), und zum anderen kommt zu den bisher
produzierten Arten von Kohle (Kokskohle – hard coking coal und PCI-Kohle) noch die Thermalkohle
dazu. Die Kohlereserven wachsen dadurch um 39% an, die Kohleressourcen um 50%. Die jährliche
Kohleproduktion wird durch die Übernahme auf voraussichtlich 3,5 Mio. Tonnen ansteigen, was
nahezu einer Verdopplung entspricht. Nicht zuletzt wirken sich die Synergie-Effekte auch positiv auf
die Produktions- und Marketing-Kosten aus.
Western wird erstmal 88,6 Mio. Aktien ausgeben, welche an die Cambrian Aktionäre gehen, im
Gegenzug werden dann die 72,1 Mio. Aktien die Cambrian aktuell an Western hält, gestrichen. Die
Anzahl der neuen Aktien beläuft sich letztendlich also auf 16,5 Mio. Stück. Die Anzahl der
ausstehenden Aktien wird von 209,7 Mio. auf 226,2 Mio. ansteigen.
Antwort auf Beitrag Nr.: 37.236.196 von bolst am 22.05.09 19:52:27das klingt doch gut![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
kurs gestern auch noch leicht im Plus geschlossen sollte für die kommende woche doch mal endlich wieder anziehen
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
kurs gestern auch noch leicht im Plus geschlossen sollte für die kommende woche doch mal endlich wieder anziehen
Antwort auf Beitrag Nr.: 37.238.149 von brocklesnar am 23.05.09 10:38:55ich habe hier schon lange keine bedenken mehr.die 1,28 scheinen eine starke unterstützung zu sein.sollten die märkte nicht dramatisch einbrechen,wovon ich derzeit nicht ausgehe,sollten wir nicht weiter nach unten fallen,als die besagten 1,28.nach oben ist immer noch jede menge platz.
Antwort auf Beitrag Nr.: 37.236.196 von bolst am 22.05.09 19:52:27Unter diesen Bedingungen ist für mich nicht nachvollziehbar warum Cambrian dem Deal zustimmt ???
Die ziehen doch eindeutig den Kürzeren oder nicht ???
Kann dies jemand sachlich erklären wobei Cambrian ja keine Finanzprobleme hat.
Die ziehen doch eindeutig den Kürzeren oder nicht ???
Kann dies jemand sachlich erklären wobei Cambrian ja keine Finanzprobleme hat.
Antwort auf Beitrag Nr.: 37.239.403 von pirker7 am 23.05.09 20:10:33weil die aktionäre eventuell nen aufschlag bekommen zum derzeitigen aktienkurs gesehen?
die beiden sind doch eh schon miteinander verbunden,durch die beteiligung von cambrian an wtn.
zum zweiten würde ich sagen,das man somit seine marktposition stärkt und das produktportfolio erweitert.
die beiden sind doch eh schon miteinander verbunden,durch die beteiligung von cambrian an wtn.
zum zweiten würde ich sagen,das man somit seine marktposition stärkt und das produktportfolio erweitert.
Antwort auf Beitrag Nr.: 37.239.553 von bolst am 23.05.09 21:24:38Die Aktionäre bekommen keinen Aufschlag sondern einen gewaltigen Abschlag !
Wenn Cambrian 72,1 M Aktien aufläßt um 88,6 zu bekommen so verschenken die ihre Firma um 16,5 M Aktien für ihr gesamtes weiteres Firmenvermögen um läpische 16,5 M Aktien. Das ist doch pervers!
Da können sie ja gleich die 72,1 M Aktien den eigenen Aktionären zuteilen und sie behalten ihre ganzes übriges Firmenvermögen !
Wenn Cambrian 72,1 M Aktien aufläßt um 88,6 zu bekommen so verschenken die ihre Firma um 16,5 M Aktien für ihr gesamtes weiteres Firmenvermögen um läpische 16,5 M Aktien. Das ist doch pervers!
Da können sie ja gleich die 72,1 M Aktien den eigenen Aktionären zuteilen und sie behalten ihre ganzes übriges Firmenvermögen !
Antwort auf Beitrag Nr.: 37.239.614 von pirker7 am 23.05.09 21:59:08lies dir bitte noch einmal die frage durch,auf die ich meine antwort gegeben habe.
die verwässerung betrifft nur wtn aktionäre.cambrian shareholder profitieren von dem deal![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
was sind am ende 16,5 mio aktien mehr gegen einer ausweitung der produktpalette und damit verbundenen steigenden cashflow
die verwässerung betrifft nur wtn aktionäre.cambrian shareholder profitieren von dem deal
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
was sind am ende 16,5 mio aktien mehr gegen einer ausweitung der produktpalette und damit verbundenen steigenden cashflow
Antwort auf Beitrag Nr.: 37.239.626 von bolst am 23.05.09 22:03:23Noch nicht kapiert dass ich nichts anders sage, als das die Cambrianaktionänere schlicht beschissen werden !
Antwort auf Beitrag Nr.: 37.239.642 von pirker7 am 23.05.09 22:12:55du solltest eventuell nicht an meinem intellekt zweifeln.wo werden die aktionäre von camprian besch....???
die 72 mio sind eine beteiligung von cambrian an wtn.es wäre meines wissens nach das erste mal,das ein übernommenes unternehmen seine beteiligungen an die shareholder auskehren durfte.
der deal wurde seit längerem geplant und hat mit sicherheit seine gründe.
die 72 mio sind eine beteiligung von cambrian an wtn.es wäre meines wissens nach das erste mal,das ein übernommenes unternehmen seine beteiligungen an die shareholder auskehren durfte.
der deal wurde seit längerem geplant und hat mit sicherheit seine gründe.
Antwort auf Beitrag Nr.: 37.239.656 von bolst am 23.05.09 22:18:55Die Cambrianaktionäre mit 16,5 M WTN-shares abzufüttern ist ein großer Deal für WTN aber für Cambrianaktionäre nicht logisch nachvollziehbar, da die Firmensubstanz wesentlich mehr Wert ist !
desweiteren solltest du dir mal selbst durchrechnen,was die shareholder von cambrian davon haben.
vereinfacht dargestellt(mittelkurse)
cambrian aktienkurs 0,4 vor der übernahme x 4 aktien = 1,60 €
wtn aktienkurs 0,8 vor der übernahme x 3 aktien = 2,40 €
wo bitte werden hier die shareholder von cambrian besch...???
jeder der nur halbwegs rechnen kann sagt ja zu der übernahme,wenn er cambrianaktien hält.
vereinfacht dargestellt(mittelkurse)
cambrian aktienkurs 0,4 vor der übernahme x 4 aktien = 1,60 €
wtn aktienkurs 0,8 vor der übernahme x 3 aktien = 2,40 €
wo bitte werden hier die shareholder von cambrian besch...???
jeder der nur halbwegs rechnen kann sagt ja zu der übernahme,wenn er cambrianaktien hält.
Antwort auf Beitrag Nr.: 37.239.674 von pirker7 am 23.05.09 22:28:22noch einmal,lies richtig oder wir lassen es. es werden über 88 mio wtn aktien neu ausgegeben.
cambrian hat in etwa 118 mio eigene shares.dafür bekommen sie im tausch 88 mio von wtn.im gegenzug wird die beteiligung von cambrian (72 mio wtn shares) eingezogen und wertlos gestellt.
wenn ich großzügig rechne war der preis für cambrian (0,45 € x 118 mio shares = 53 mio)
wtn bezahlt für cambrian aber über 72 mio.ich bin kein mathematikprofessor aber für mich sieht das nach wertsteigerung aus und nicht nach besch...
cambrian hat in etwa 118 mio eigene shares.dafür bekommen sie im tausch 88 mio von wtn.im gegenzug wird die beteiligung von cambrian (72 mio wtn shares) eingezogen und wertlos gestellt.
wenn ich großzügig rechne war der preis für cambrian (0,45 € x 118 mio shares = 53 mio)
wtn bezahlt für cambrian aber über 72 mio.ich bin kein mathematikprofessor aber für mich sieht das nach wertsteigerung aus und nicht nach besch...
natürlich hat wtn mehr von der übernahme-langfristig betrachtet,weil sie in dem moment ihre eigenen shares zurück bekommen und das vorhandene cash von cambrian noch dazu.
die frage,die sich beide unternehmen aber mit sicherheit gestellt haben lautet,wie sichern wir langfristig die überlebensfähigkeit unserer unternehmen?
die frage,die sich beide unternehmen aber mit sicherheit gestellt haben lautet,wie sichern wir langfristig die überlebensfähigkeit unserer unternehmen?
Antwort auf Beitrag Nr.: 37.239.680 von bolst am 23.05.09 22:30:11Hi bolst,
sicher ich werde auch für die Übernahme stimmen, aber nur wegen den kurzfristigen Gewinnen die daraus resultieren, (was man hat das hat man eben) dennoch es ist schon so, dass der Betrag den WTN zahlt nicht gerade sehr üppig ist, eigentlich ist er, meiner Meinung nach, sogar zu niedrig...
Nichts für Ungut, fg & schönen Sonntag
sicher ich werde auch für die Übernahme stimmen, aber nur wegen den kurzfristigen Gewinnen die daraus resultieren, (was man hat das hat man eben) dennoch es ist schon so, dass der Betrag den WTN zahlt nicht gerade sehr üppig ist, eigentlich ist er, meiner Meinung nach, sogar zu niedrig...
Nichts für Ungut, fg & schönen Sonntag
Nur Info
19.05.2009
Das Comeback der Kohle-Aktien
Carsten Englert
Kohle-Aktien waren in der Krise lange Zeit nicht gefragt. Doch mittlerweile hat sich das Bild wieder gewendet. Die Aktien der Branche haben nun den stärksten Aufwärtstrend überhaupt aufzuweisen.
Mit dem Einbruch der Weltwirtschaft ist auch der Kohlepreis auf Talfahrt gegangen. Im Juli 2008 erreichte der Preis für eine Tonne Kohle mit 224,25 Dollar sein vorläufiges Hoch. Danach folgte ein dramatischer Absturz bis auf 54 Dollar – ein Rückgang um mehr als 75 Prozent. Darunter litten auch die Kohle-Aktien. Seit Anfang März – also seit der Rückkehr der Hoffnung auf eine Erholung der Weltwirtschaft – ist der Kohlepreis jedoch wieder um gut 15 Prozent gestiegen.
Licht am Ende des Tunnels
Die heute veröffentlichten Zahlen zum ZEW-Konjunkturindikator haben der Hoffnung, dass konjunkturell das Schlimmste überstanden sein könnte, neue Nahrung gegeben: In Deutschland kletterte der Index zur Bewertung des Konjunkturausblicks von 13 auf 31,1 Punkte. Erwartet war lediglich ein Anstieg auf 20 Punkte. Europaweit stieg der ZEW-Index ähnlich stark von 11,8 auf 28,5 Punkte (erwartet: 18,0). Bleibt das Konjunkturbild weiterhin optimistisch, dürfte das dem Kohlepreis mittelfristig weiterhin Auftrieb verleihen.
![](http://www.deraktionaer.de/upload_beitrag/Kohleneu_586826.png)
Klare Nummer 1
Die Aktien der kohlefördernden Unternehmen haben da schon einiges Vorweg genommen. Noch im Januar notierte die Branche im vom AKTIONÄR berechneten TSI-Ranking auf dem 60. Platz. In der vergangenen Woche hat sich die Kohle-Branche nun auf den ersten Platz vorgekämpft. Unter dem Gesichtspunkt der relativen Stärke ist Kohle somit aktuell die trendstärkste Branche überhaupt. Der von der Royal Bank of Scotland (RBS) berechnete World Coal Index konnte folgerichtig seit seinem Tief Ende Februar auch bereits knapp 75 Prozent zulegen. Da ist zwar einiges Vorweg genommen, jedoch ist immer noch viel Luft nach oben. Sobald das geringste Wachstum wieder zu erkennen ist, dürfte sich der Kohlepreis noch viel weiter von seinen Tiefs entfernen. Parallel dazu dürften die Kohle-Aktien weiter steigen.
Diversifikation ist Trumpf
Anleger sollten breit gestreut in die Branche investieren. Index der Wahl ist dabei der World Coal Index, der 20 Kohle-Aktien enthält. Darunter sind auch die Branchengrößen China Shenhua Energy, China Coal Energy oder das US-amerikanische Unternehmen Arch Coal zu finden. Für das entsprechende Indexzertifikat (WKN AA0 BWB) verlangt die RBS eine Managementgebühr von einem Prozent. Aktuell notiert das Zertifikat bei 100,96 Euro. Anleger sollten daher das Kauflimit bei 105,00 Euro und den Stoppkurs bei 75,00 Euro setzen.
19.05.2009
Das Comeback der Kohle-Aktien
Carsten Englert
Kohle-Aktien waren in der Krise lange Zeit nicht gefragt. Doch mittlerweile hat sich das Bild wieder gewendet. Die Aktien der Branche haben nun den stärksten Aufwärtstrend überhaupt aufzuweisen.
Mit dem Einbruch der Weltwirtschaft ist auch der Kohlepreis auf Talfahrt gegangen. Im Juli 2008 erreichte der Preis für eine Tonne Kohle mit 224,25 Dollar sein vorläufiges Hoch. Danach folgte ein dramatischer Absturz bis auf 54 Dollar – ein Rückgang um mehr als 75 Prozent. Darunter litten auch die Kohle-Aktien. Seit Anfang März – also seit der Rückkehr der Hoffnung auf eine Erholung der Weltwirtschaft – ist der Kohlepreis jedoch wieder um gut 15 Prozent gestiegen.
Licht am Ende des Tunnels
Die heute veröffentlichten Zahlen zum ZEW-Konjunkturindikator haben der Hoffnung, dass konjunkturell das Schlimmste überstanden sein könnte, neue Nahrung gegeben: In Deutschland kletterte der Index zur Bewertung des Konjunkturausblicks von 13 auf 31,1 Punkte. Erwartet war lediglich ein Anstieg auf 20 Punkte. Europaweit stieg der ZEW-Index ähnlich stark von 11,8 auf 28,5 Punkte (erwartet: 18,0). Bleibt das Konjunkturbild weiterhin optimistisch, dürfte das dem Kohlepreis mittelfristig weiterhin Auftrieb verleihen.
![](http://www.deraktionaer.de/upload_beitrag/Kohleneu_586826.png)
Klare Nummer 1
Die Aktien der kohlefördernden Unternehmen haben da schon einiges Vorweg genommen. Noch im Januar notierte die Branche im vom AKTIONÄR berechneten TSI-Ranking auf dem 60. Platz. In der vergangenen Woche hat sich die Kohle-Branche nun auf den ersten Platz vorgekämpft. Unter dem Gesichtspunkt der relativen Stärke ist Kohle somit aktuell die trendstärkste Branche überhaupt. Der von der Royal Bank of Scotland (RBS) berechnete World Coal Index konnte folgerichtig seit seinem Tief Ende Februar auch bereits knapp 75 Prozent zulegen. Da ist zwar einiges Vorweg genommen, jedoch ist immer noch viel Luft nach oben. Sobald das geringste Wachstum wieder zu erkennen ist, dürfte sich der Kohlepreis noch viel weiter von seinen Tiefs entfernen. Parallel dazu dürften die Kohle-Aktien weiter steigen.
Diversifikation ist Trumpf
Anleger sollten breit gestreut in die Branche investieren. Index der Wahl ist dabei der World Coal Index, der 20 Kohle-Aktien enthält. Darunter sind auch die Branchengrößen China Shenhua Energy, China Coal Energy oder das US-amerikanische Unternehmen Arch Coal zu finden. Für das entsprechende Indexzertifikat (WKN AA0 BWB) verlangt die RBS eine Managementgebühr von einem Prozent. Aktuell notiert das Zertifikat bei 100,96 Euro. Anleger sollten daher das Kauflimit bei 105,00 Euro und den Stoppkurs bei 75,00 Euro setzen.
Antwort auf Beitrag Nr.: 37.240.093 von oddl84 am 24.05.09 10:01:51das mag sein oddl,aber die bedingungen waren doch schon länger bekannt.in diesen zeiten werden keine unsummen für andere unternehmen ausgegeben.ich sag nur cardero-50% abschlag vom ursprünglichen kaufpreis.
man sollte auch nicht vergessen, dass sich cambrian im januar von wtn 36mio usd ausgeborgt hat... wenn ich mich richtig erinnere. wie dieser betrag genau verwendet wurde entzieht sich meiner kenntnis, aber vielleicht ändert sich dann der blickwinkel en wenig für diverse cambrian assets wie zb cashbestand, etc...
hier noch einmal ne kurze zusammenfassung zu wtn!!!
Das Unternehmen mit Sitz in Vancouver zählt zu den Top 3 Produzenten hochwertiger Kokskohle in Canada, und betreibt derzeit 3 aktive Kohleminen auf 2 verschiedenen Liegenschaften. Die Kohlereserven belaufen sich insgesamt auf 87 Mio. Tonnen, zusätzlich 163 Mio. Tonnen an Ressourcen. Bei aktueller Auslastung reichen die Kohlevorräte für eine Minenlaufzeit von 15 Jahren. Die Kohle von Western Canadian wird an die Top-Adressen der weltweiten Stahlindustrie verkauft.
Am 12. März 09 legte das Unternehmen die Zahlen für das dritte Quartal vor. Der Cashbetrag konnte von 21 Mio. auf 77 Mio. CAD ansteigen, und man erzielte 167 Mio. CAD$ Nettogewinn, somit ergibt sich ein Gewinn pro Aktie von 0,84 CAD. Beim Blick auf den aktuellen Kurs werden Sie feststellen, dass die Aktie vor kurzem noch ein KGV von 1 aufzuweisen hatte! Für sich genommen ist dieser Wert sensationell und wohl in keiner anderen Branche als der Kohleindustrie zu finden.
Wie das Unternehmen am 29. April 2009 bekanntgab, wird man anders als viele Konkurrenten die Minenaktivität und damit die Produktion nicht einstellen! Das zeigt wie effizient man bei WTN arbeitet. In der Wolverine-Mine will man dieses Jahr 1,2 Mio. Tonnen Hard Coking Coal (Kokskohle) und in der Brule-Mine in etwa 500.000 Tonnen PCI-Kohle produzieren. Western Canadian Coal wird also auch dieses Jahr mit dem niedrigeren Kohlepreis von 125 US-Dollar profitabel arbeiten können.
WTN verfügt derzeit über einen ausreichenden Cashbestand, der sich durch die Übernahme von Cambrian auf rund 100 Mio. CAD (kanadische Dollar) erhöhen sollte.
Man rechnet damit insgesamt 2 Mio. Tonnen Kohle auf Jahressicht zu verkaufen. (1,2 Mio. t Kokskohle und 800.000 Tonnen PCI-Kohle). Das würde bedeuten, dass man zusätzlich Lagerbestände in Höhe von 300.000 Tonnen abbaut. Die Erlöse werden sich damit also auf rund 240 Mio. US-Dollar belaufen.
Jeder Produzent handelt hier mit seinen Abnehmern vor allem aus der Stahlindustrie eigene Abnahme-Verträge aus. Wichtige Kriterien für die Preisfindung sind unter anderem die Qualität der Kohle und die Zuverlässigkeit der Lieferung.
Im dritten Quartal produzierte Western Canadian (WTN) 609.000 Tonnen Kohle. Im Ausblick gibt sich das Unternehmen überrascht optimistisch, und glaubt das die Konjunkturpakete die rund um die Welt geschnürt wurden, die Stahlproduktion wieder etwas anheizen werden, womit die Nachfrage nach Kohle anziehen sollte.
Am 24. Dezember 2008 gab man bekannt die britische Cambrian Mining übernehmen zu wollen. Cambrian hält 72,3 Mio. Aktien oder 34,47% aller Aktien von Western Canadian. Hiermit würde Western ein richtiges Schnäppchen machen! WTN bekommt durch die Übernahme seine eigenen Aktien wieder zurück, und Cambrian Mining obendrauf! Vor allem die Synergieeffekte sollten enorm sein. Cambrian hat im letzten Quartal 600.000 Tonnen Kohle produziert, erzielte einen Nettogewinn von 44,7 Mio. CAD und hatte Barreserven in Höhe von 22 Mio. CAD. Jeder Cambrian-Aktionär würde für 4 Aktien der Gesellschaft 3 Aktien von Western erhalten. Bislang wartet man noch auf Nachrichten wann bzw. ob diese Übernahme durchgeführt wird.
![](http://www.cheesebuerger.de/images/more/bigs/a093.gif)
Das Unternehmen mit Sitz in Vancouver zählt zu den Top 3 Produzenten hochwertiger Kokskohle in Canada, und betreibt derzeit 3 aktive Kohleminen auf 2 verschiedenen Liegenschaften. Die Kohlereserven belaufen sich insgesamt auf 87 Mio. Tonnen, zusätzlich 163 Mio. Tonnen an Ressourcen. Bei aktueller Auslastung reichen die Kohlevorräte für eine Minenlaufzeit von 15 Jahren. Die Kohle von Western Canadian wird an die Top-Adressen der weltweiten Stahlindustrie verkauft.
Am 12. März 09 legte das Unternehmen die Zahlen für das dritte Quartal vor. Der Cashbetrag konnte von 21 Mio. auf 77 Mio. CAD ansteigen, und man erzielte 167 Mio. CAD$ Nettogewinn, somit ergibt sich ein Gewinn pro Aktie von 0,84 CAD. Beim Blick auf den aktuellen Kurs werden Sie feststellen, dass die Aktie vor kurzem noch ein KGV von 1 aufzuweisen hatte! Für sich genommen ist dieser Wert sensationell und wohl in keiner anderen Branche als der Kohleindustrie zu finden.
Wie das Unternehmen am 29. April 2009 bekanntgab, wird man anders als viele Konkurrenten die Minenaktivität und damit die Produktion nicht einstellen! Das zeigt wie effizient man bei WTN arbeitet. In der Wolverine-Mine will man dieses Jahr 1,2 Mio. Tonnen Hard Coking Coal (Kokskohle) und in der Brule-Mine in etwa 500.000 Tonnen PCI-Kohle produzieren. Western Canadian Coal wird also auch dieses Jahr mit dem niedrigeren Kohlepreis von 125 US-Dollar profitabel arbeiten können.
WTN verfügt derzeit über einen ausreichenden Cashbestand, der sich durch die Übernahme von Cambrian auf rund 100 Mio. CAD (kanadische Dollar) erhöhen sollte.
Man rechnet damit insgesamt 2 Mio. Tonnen Kohle auf Jahressicht zu verkaufen. (1,2 Mio. t Kokskohle und 800.000 Tonnen PCI-Kohle). Das würde bedeuten, dass man zusätzlich Lagerbestände in Höhe von 300.000 Tonnen abbaut. Die Erlöse werden sich damit also auf rund 240 Mio. US-Dollar belaufen.
Jeder Produzent handelt hier mit seinen Abnehmern vor allem aus der Stahlindustrie eigene Abnahme-Verträge aus. Wichtige Kriterien für die Preisfindung sind unter anderem die Qualität der Kohle und die Zuverlässigkeit der Lieferung.
Im dritten Quartal produzierte Western Canadian (WTN) 609.000 Tonnen Kohle. Im Ausblick gibt sich das Unternehmen überrascht optimistisch, und glaubt das die Konjunkturpakete die rund um die Welt geschnürt wurden, die Stahlproduktion wieder etwas anheizen werden, womit die Nachfrage nach Kohle anziehen sollte.
Am 24. Dezember 2008 gab man bekannt die britische Cambrian Mining übernehmen zu wollen. Cambrian hält 72,3 Mio. Aktien oder 34,47% aller Aktien von Western Canadian. Hiermit würde Western ein richtiges Schnäppchen machen! WTN bekommt durch die Übernahme seine eigenen Aktien wieder zurück, und Cambrian Mining obendrauf! Vor allem die Synergieeffekte sollten enorm sein. Cambrian hat im letzten Quartal 600.000 Tonnen Kohle produziert, erzielte einen Nettogewinn von 44,7 Mio. CAD und hatte Barreserven in Höhe von 22 Mio. CAD. Jeder Cambrian-Aktionär würde für 4 Aktien der Gesellschaft 3 Aktien von Western erhalten. Bislang wartet man noch auf Nachrichten wann bzw. ob diese Übernahme durchgeführt wird.
Antwort auf Beitrag Nr.: 37.241.989 von saltamonte am 24.05.09 20:44:41Licht ins Dunkel ! Danke
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Western Canadian and Cambrian Mining deal gets thumbs-up
Monday, 25 May 2009
National Post reported that Western Canadian Coal Corporation and Cambrian Mining PLC have a long standing and complex set of ties at both the financial and governance levels. So determining whether Western's USD 120 million acquisition of cash strapped of Cambrian is a good idea is not easy.
Mr Dave Davidson analyst of Paradigm Capital thinks it is a smart move for Western. Mr Davidson said that "The agreement will remove the overhang on the stock and diversify the company away from just metallurgical coal and into thermal coal, gold and antimony."
He pointed out that the combined company's production profile will increase to 3.5 million tonnes of coal per year and to potentially 11.8 million tonnes in the future.
Antwort auf Beitrag Nr.: 37.244.065 von donnerpower am 25.05.09 11:38:12na das müßte uns doch heute mal einen schub geben oder?
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.244.065 von donnerpower am 25.05.09 11:38:12Wie seit ich Monaten schon bei WTN gepostet habe wird ende Mai...Cambrian von WTN übernommen, dies ist nun letzte Woche so eingetroffen...jetzt haben wir ein Big Player der einen riesigen Cash bestand besitzt und weiter auf Einkaufstour gehen wird bzw. müssen ![;)](//img.wallstreet-online.de/smilies/wink.gif)
Welche Werte dürften jetzt als nächste geschluckt werden:
Nr.1 im ganzen Sektor sind jetzt COALCORP MINING !!!
Haben schon mal ein Information Thread aufgemacht.
Vielen haben jetzt beide Werte im Depot WTN und CCJ...hatte in der Vergangenheit erst spekuliert das sich WTN und GCE sich zusammen setzten werden..habe aber dies jetzt abgewogen da beide zu stark voneinander abhängig ist..solche gewichte braucht man auf dem Börsenparkett !
gruss
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Welche Werte dürften jetzt als nächste geschluckt werden:
Nr.1 im ganzen Sektor sind jetzt COALCORP MINING !!!
Haben schon mal ein Information Thread aufgemacht.
Vielen haben jetzt beide Werte im Depot WTN und CCJ...hatte in der Vergangenheit erst spekuliert das sich WTN und GCE sich zusammen setzten werden..habe aber dies jetzt abgewogen da beide zu stark voneinander abhängig ist..solche gewichte braucht man auf dem Börsenparkett !
gruss
Antwort auf Beitrag Nr.: 37.244.120 von brocklesnar am 25.05.09 11:47:06...spät. anfang juni wenn bei WTN die zahlen kommen, geht es hier weiter richtung 2-2,50Dollar
Experten erwarten langfristig hohe Kohlepreise
![](http://bc1.handelsblatt.com/ShowImage.aspx?img=2171606&width=168&height=168)
Auch wenn die Preise für Rohstoffe in den vergangenen Monaten gefallen sind, blickt die Rohstoffbranche optimistisch in die Zukunft. Der Preisrückgang sei nur vorübergehend, meinen Experten. Insbesondere der hohe Strombedarf der Schwellenländer birgt Absatzchancen.
Kohle bleibt ein gefragter Rohstoff.
DÜSSELDORF. Die Rezession beutelt weltweit die Stahlindustrie und bremst damit auch die Nachfrage nach Kohle. Die Folge sind deutlich fallende Preise, eine Entwicklung, die die Stahlindustrie bei ihren harten Sparprogrammen eigentlich freuen sollte. Experten rechnen allerdings nur mit einer vorübergehenden Verbilligung der Kohle; längerfristig zeichneten sich angesichts des wachsenden Strombedarfs eine erneute Verknappung und damit steigende Preise ab.
„Der langfristige Trend am Weltmarkt ist intakt“, sagt Franz-Josef Wodopia, geschäftsführendes Vorstandsmitglied des Gesamtverbands Steinkohle dem Handelsblatt. Er werde kurzfristig durch die kräftigen Preisausschläge überlagert. „Der Kohlemarkt wird sich einigermaßen stabil entwickeln“, ist er mit Blick auf den Kohleeinsatz für Strom zuversichtlich. Der enorme Strombedarf weltweit und das Wachstum der Stahlindustrie hatten den Kohleverbrauch und damit die Preise immer höher getrieben. Mitte 2008 erreichte der globale Kohle-Index den Höchststand bei fast 210 Punkten; inzwischen hat er sich mehr als halbiert.
Auf kurze Sicht Entspannung, auf mittlere bis längere Sicht eher erneute Verknappung, beschreibt auch Heino Elfert, Herausgeber des Hamburger Energie-Informationsdienstes (EID), die Lage auf den Weltkohlemärkten. Die globale Rezession und der Kollaps beim Energiepreisführer Erdöl hätten eine Wende nach unten eingeleitet. Doch seien die freien Kapazitätsreserven in den wichtigsten Kohlerevieren schnell aufgezehrt, wenn die Weltkonjunktur wieder an Fahrt aufnehmen würde, schätzt Elfert. Denn nun stockten die Kohleinvestitionen; Ausbaupläne würden wegen der Finanzkrise vertagt.
Die Produzenten reagieren auf den Preisrutsch. In China etwa wurde nach Angaben der Commerzbank der Abbau in der Provinz Shanxi, der größten Kohleregion des Landes, bereits um zehn Prozent reduziert. Die Koksproduzenten der Region sollen ihre Produktion bis Juni 2009 sogar um bis zu 70 Prozent kürzen. Der größte Produzent der Region, Shanxi Coking Coal, habe signifikante Preissenkungen angekündigt.
Kohle hatte seit 2002 die höchsten Zuwächse unter den Energierohstoffen verzeichnet. Auf der Verbraucherseite stehen Schwellenländer wie China – das Land ist zugleich größter Produzent –, Indien und Russland an der Spitze. Für sie ist die Bedeutung der Kohle für den wachsenden Strombedarf ganz besonders hoch. Hans W. Schiffer, Energieanalyst bei RWE in Essen, räumt der Kohle besonders in Russland „günstige Absatzchancen“ ein. Dort sei eine Expansion von Kohlekraftwerken geplant, um Erdgas in der Verstromung einzusparen. Das CO2--arme Erdgas soll stattdessen insbesondere nach Westeuropa exportiert werden; auf diese Weise ließen sich die Energiedevisen für Moskau maximieren, sagt Schiffer. Russland verfügt über die zweitgrößten Kohlereserven der Welt.
Nach Angaben der Bundesanstalt für Geowissenschaften und Rohstoffe (BGR) in Hannover ist Kohle weltweit „nach wie vor der beherrschende Energierohstoff“. Der Anteil an den Reserven aller nicht-erneuerbaren Energierohstoffe betrage etwa 53 Prozent. Erdöl liegt mit rund 25 Prozent klar abgeschlagen an zweiter Stelle. Noch deutlicher werde die dominierende Rolle der Kohle mit Blick auf den Energieinhalt. Hier liege der Anteil bei knapp 83 Prozent. Die Bundesanstalt sieht zudem für die Nutzung von Kohle im Vergleich zu den übrigen nicht-erneuerbaren Energierohstoffen das größte Potenzial: „Der absehbare Bedarf kann über viele Jahrzehnte gedeckt werden.“ In Deutschland werden immerhin noch rund 45 Prozent des Stroms in Stein- und Braunkohlekraftwerken produziert. Allerdings kommt immer weniger der benötigten Steinkohle aus Deutschland selbst. Im Jahr 2012 soll darüber entschieden werden, ob der deutsche Steinkohlenbergbau bis 2018 endgültig ausläuft. Der kräftige Preisanstieg hatte vereinzelt Hoffnungen für den inländische Kohle-Abbau geschürt. Dank der kräftig steigenden Kohlepreise musste deutsche Steinkohle in diesem Jahr statt der geplanten 2,5 Mrd. Euro nur mit zwei Mrd. Euro subventioniert werden.
Der Kölner Energieprofessor Dieter Schmitt bleibt indes für die Zukunft deutscher Zechen pessimistisch. Mit der letzten Schicht auf dem Bergwerk Lippe, die kurz vor Weihnachten anstand, wird in Deutschland dann nur noch in sechs Zechen Kohle gefördert. Selbst wenn die Kohle-Preise wieder anziehen, sei es für Energieunternehmen rentabler, in Überseekohle zu investieren. Er rechnet daher nicht damit, dass der Auslaufbergbau gestoppt wird. Weltweit werde Kohle aber weiter eine „dynamische Aufwärtsentwicklung nehmen“, sagt Schmitt.
Auch wenn die Preise für Rohstoffe in den vergangenen Monaten gefallen sind, blickt die Rohstoffbranche optimistisch in die Zukunft. Der Preisrückgang sei nur vorübergehend, meinen Experten. Insbesondere der hohe Strombedarf der Schwellenländer birgt Absatzchancen.
Kohle bleibt ein gefragter Rohstoff.
DÜSSELDORF. Die Rezession beutelt weltweit die Stahlindustrie und bremst damit auch die Nachfrage nach Kohle. Die Folge sind deutlich fallende Preise, eine Entwicklung, die die Stahlindustrie bei ihren harten Sparprogrammen eigentlich freuen sollte. Experten rechnen allerdings nur mit einer vorübergehenden Verbilligung der Kohle; längerfristig zeichneten sich angesichts des wachsenden Strombedarfs eine erneute Verknappung und damit steigende Preise ab.
„Der langfristige Trend am Weltmarkt ist intakt“, sagt Franz-Josef Wodopia, geschäftsführendes Vorstandsmitglied des Gesamtverbands Steinkohle dem Handelsblatt. Er werde kurzfristig durch die kräftigen Preisausschläge überlagert. „Der Kohlemarkt wird sich einigermaßen stabil entwickeln“, ist er mit Blick auf den Kohleeinsatz für Strom zuversichtlich. Der enorme Strombedarf weltweit und das Wachstum der Stahlindustrie hatten den Kohleverbrauch und damit die Preise immer höher getrieben. Mitte 2008 erreichte der globale Kohle-Index den Höchststand bei fast 210 Punkten; inzwischen hat er sich mehr als halbiert.
Auf kurze Sicht Entspannung, auf mittlere bis längere Sicht eher erneute Verknappung, beschreibt auch Heino Elfert, Herausgeber des Hamburger Energie-Informationsdienstes (EID), die Lage auf den Weltkohlemärkten. Die globale Rezession und der Kollaps beim Energiepreisführer Erdöl hätten eine Wende nach unten eingeleitet. Doch seien die freien Kapazitätsreserven in den wichtigsten Kohlerevieren schnell aufgezehrt, wenn die Weltkonjunktur wieder an Fahrt aufnehmen würde, schätzt Elfert. Denn nun stockten die Kohleinvestitionen; Ausbaupläne würden wegen der Finanzkrise vertagt.
Die Produzenten reagieren auf den Preisrutsch. In China etwa wurde nach Angaben der Commerzbank der Abbau in der Provinz Shanxi, der größten Kohleregion des Landes, bereits um zehn Prozent reduziert. Die Koksproduzenten der Region sollen ihre Produktion bis Juni 2009 sogar um bis zu 70 Prozent kürzen. Der größte Produzent der Region, Shanxi Coking Coal, habe signifikante Preissenkungen angekündigt.
Kohle hatte seit 2002 die höchsten Zuwächse unter den Energierohstoffen verzeichnet. Auf der Verbraucherseite stehen Schwellenländer wie China – das Land ist zugleich größter Produzent –, Indien und Russland an der Spitze. Für sie ist die Bedeutung der Kohle für den wachsenden Strombedarf ganz besonders hoch. Hans W. Schiffer, Energieanalyst bei RWE in Essen, räumt der Kohle besonders in Russland „günstige Absatzchancen“ ein. Dort sei eine Expansion von Kohlekraftwerken geplant, um Erdgas in der Verstromung einzusparen. Das CO2--arme Erdgas soll stattdessen insbesondere nach Westeuropa exportiert werden; auf diese Weise ließen sich die Energiedevisen für Moskau maximieren, sagt Schiffer. Russland verfügt über die zweitgrößten Kohlereserven der Welt.
Nach Angaben der Bundesanstalt für Geowissenschaften und Rohstoffe (BGR) in Hannover ist Kohle weltweit „nach wie vor der beherrschende Energierohstoff“. Der Anteil an den Reserven aller nicht-erneuerbaren Energierohstoffe betrage etwa 53 Prozent. Erdöl liegt mit rund 25 Prozent klar abgeschlagen an zweiter Stelle. Noch deutlicher werde die dominierende Rolle der Kohle mit Blick auf den Energieinhalt. Hier liege der Anteil bei knapp 83 Prozent. Die Bundesanstalt sieht zudem für die Nutzung von Kohle im Vergleich zu den übrigen nicht-erneuerbaren Energierohstoffen das größte Potenzial: „Der absehbare Bedarf kann über viele Jahrzehnte gedeckt werden.“ In Deutschland werden immerhin noch rund 45 Prozent des Stroms in Stein- und Braunkohlekraftwerken produziert. Allerdings kommt immer weniger der benötigten Steinkohle aus Deutschland selbst. Im Jahr 2012 soll darüber entschieden werden, ob der deutsche Steinkohlenbergbau bis 2018 endgültig ausläuft. Der kräftige Preisanstieg hatte vereinzelt Hoffnungen für den inländische Kohle-Abbau geschürt. Dank der kräftig steigenden Kohlepreise musste deutsche Steinkohle in diesem Jahr statt der geplanten 2,5 Mrd. Euro nur mit zwei Mrd. Euro subventioniert werden.
Der Kölner Energieprofessor Dieter Schmitt bleibt indes für die Zukunft deutscher Zechen pessimistisch. Mit der letzten Schicht auf dem Bergwerk Lippe, die kurz vor Weihnachten anstand, wird in Deutschland dann nur noch in sechs Zechen Kohle gefördert. Selbst wenn die Kohle-Preise wieder anziehen, sei es für Energieunternehmen rentabler, in Überseekohle zu investieren. Er rechnet daher nicht damit, dass der Auslaufbergbau gestoppt wird. Weltweit werde Kohle aber weiter eine „dynamische Aufwärtsentwicklung nehmen“, sagt Schmitt.
Antwort auf Beitrag Nr.: 37.244.162 von donnerpower am 25.05.09 11:53:12Quelle http://steelguru.com/news/index/2009/05/25/OTU4MDQ%3D/Wester…
Die Umsätze in Deutschland sind ein Witz !!
Was für Umsätze?
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
hat noch nicht viel zu sagen, aber in canada bid 1,39 / ask 1,39
Das kam am Freitag von SR:
Western Canadian Coal (TSX:WTN / WKN: 257111):
Übernahme von Cambrian Mining wird durchgeführt
Wie das Unternehmen am Mittwoch bekanntgab, wird man für
umgerechnet 120Mio. CA$ die britische Cambrian Mining übernehmen.
Bereits am 12.02 und 13.02.09 haben wir bei unserer Depotaufnahme
und in unserem Update auf die Übernahme hingewiesen. Damals notierte die Aktie von Western
Caandian Coal noch bei 0,56 CAD, aktuell stehen 1,30 CAD auf den Kurszetteln. Auch nach 130%
Gewinn sehen wir in dieser Aktie weiteres Potential, nicht zuletzt durch die Synergie-Effekte die
durch die Cambrian Übernahme entstehen.
Jeder Aktionär von Cambrian Mining erhält für 4 Aktien von Cambrian, 3 Aktien von Western in sein
Depot eingebucht. Cambrian zählt mit 72,1 Mio. Aktien von Western Canadian zu deren
Großaktionären. Genau diese Aktien erhält Western aber nun durch die Übernahme zurück, und
erwirbt natürlich noch das operative Geschäft von Cambrian. Dazu zählen:
100 % an kostengünstigen metallurgischen und Thermalkohle-Minen in West Virginia, 50,6% einer
Thermalkohle-Mine in Großbritannien, 45% an Xtract Energy und 100% an AGD Mining.
Western Canadian Coal ist nun also breiter aufgestellt im Kohlemarkt. Zum einen geographisch
(Westen Kanadas, West Virginia und Wales, Großbritannien), und zum anderen kommt zu den bisher
produzierten Arten von Kohle (Kokskohle – hard coking coal und PCI-Kohle) noch die Thermalkohle
dazu. Die Kohlereserven wachsen dadurch um 39% an, die Kohleressourcen um 50%. Die jährliche
Kohleproduktion wird durch die Übernahme auf voraussichtlich 3,5 Mio. Tonnen ansteigen, was
nahezu einer Verdopplung entspricht. Nicht zuletzt wirken sich die Synergie-Effekte auch positiv auf
die Produktions- und Marketing-Kosten aus.
Western wird erstmal 88,6 Mio. Aktien ausgeben, welche an die Cambrian Aktionäre gehen, im
Gegenzug werden dann die 72,1 Mio. Aktien die Cambrian aktuell an Western hält, gestrichen. Die
Anzahl der neuen Aktien beläuft sich letztendlich also auf 16,5 Mio. Stück. Die Anzahl der
ausstehenden Aktien wird von 209,7 Mio. auf 226,2 Mio. ansteigen.
Western Canadian Coal (TSX:WTN / WKN: 257111):
Übernahme von Cambrian Mining wird durchgeführt
Wie das Unternehmen am Mittwoch bekanntgab, wird man für
umgerechnet 120Mio. CA$ die britische Cambrian Mining übernehmen.
Bereits am 12.02 und 13.02.09 haben wir bei unserer Depotaufnahme
und in unserem Update auf die Übernahme hingewiesen. Damals notierte die Aktie von Western
Caandian Coal noch bei 0,56 CAD, aktuell stehen 1,30 CAD auf den Kurszetteln. Auch nach 130%
Gewinn sehen wir in dieser Aktie weiteres Potential, nicht zuletzt durch die Synergie-Effekte die
durch die Cambrian Übernahme entstehen.
Jeder Aktionär von Cambrian Mining erhält für 4 Aktien von Cambrian, 3 Aktien von Western in sein
Depot eingebucht. Cambrian zählt mit 72,1 Mio. Aktien von Western Canadian zu deren
Großaktionären. Genau diese Aktien erhält Western aber nun durch die Übernahme zurück, und
erwirbt natürlich noch das operative Geschäft von Cambrian. Dazu zählen:
100 % an kostengünstigen metallurgischen und Thermalkohle-Minen in West Virginia, 50,6% einer
Thermalkohle-Mine in Großbritannien, 45% an Xtract Energy und 100% an AGD Mining.
Western Canadian Coal ist nun also breiter aufgestellt im Kohlemarkt. Zum einen geographisch
(Westen Kanadas, West Virginia und Wales, Großbritannien), und zum anderen kommt zu den bisher
produzierten Arten von Kohle (Kokskohle – hard coking coal und PCI-Kohle) noch die Thermalkohle
dazu. Die Kohlereserven wachsen dadurch um 39% an, die Kohleressourcen um 50%. Die jährliche
Kohleproduktion wird durch die Übernahme auf voraussichtlich 3,5 Mio. Tonnen ansteigen, was
nahezu einer Verdopplung entspricht. Nicht zuletzt wirken sich die Synergie-Effekte auch positiv auf
die Produktions- und Marketing-Kosten aus.
Western wird erstmal 88,6 Mio. Aktien ausgeben, welche an die Cambrian Aktionäre gehen, im
Gegenzug werden dann die 72,1 Mio. Aktien die Cambrian aktuell an Western hält, gestrichen. Die
Anzahl der neuen Aktien beläuft sich letztendlich also auf 16,5 Mio. Stück. Die Anzahl der
ausstehenden Aktien wird von 209,7 Mio. auf 226,2 Mio. ansteigen.
Antwort auf Beitrag Nr.: 37.244.836 von algodyne am 25.05.09 13:26:11
Der Kurs und Umsatz in Deutschland muss eigentlich niemanden interessieren, da man solche Aktien über Kanada handelt
Der Kurs und Umsatz in Deutschland muss eigentlich niemanden interessieren, da man solche Aktien über Kanada handelt
Die Umsätze sind gleich null........!!!
Hoffe das unsere Freunde von drüben den Kurs auf den fairen Kurs hiefen werden.....
Die 1,5 Dollar sollten heute hinteruns gelassen werden
Hoffe das unsere Freunde von drüben den Kurs auf den fairen Kurs hiefen werden.....
Die 1,5 Dollar sollten heute hinteruns gelassen werden
heut sind die amis am "feiern" also haben nicht so viel einfluss
In Canada ist doch handel
auch canada läuft meistens dem dow hinterher
Antwort auf Beitrag Nr.: 37.245.325 von algodyne am 25.05.09 14:43:29
"Amis" sind ja auch keine Kanadier...
"Amis" sind ja auch keine Kanadier...
deswegen ja
Western Canadian Coal Provides Q4-2009 Operations Update, Announces Q4-2009 Earnings Release Date
VANCOUVER, May 25 /CNW/ - Western Canadian Coal Corp (TSX: WTN, WTN.WT
and WTN.DB and AIM: WTN) ("Company") announces an update on production and
shipments for the fourth quarter ending March 31, 2009 and the expected
release date of the Company's fourth quarter fiscal 2009 financial results
Fourth Quarter Fiscal 2009 Operations Update
---------------------------------------------
For the fourth quarter fiscal 2009, the Company had shipments of
approximately 276,700 tonnes of hard coking coal and 68,500 tonnes of
low-volatile PCI coal ("ULV-PCI"). Sales prices in the quarter averaged US$250
per tonne.
Production for the fourth quarter was 359,700 tonnes of hard coking coal
and 142,000 tonnes of ULV-PCI. During the quarter, the stripping ratio at the
Wolverine Operation was 15:1, which was lower than the 17:1 ratio in the third
fiscal quarter, and continues to fall towards fiscal 2010 plan levels of 12:1.
The stripping ratio is a key indicator of cash costs of the operations.
The Company's March 31, 2009 working capital position continues to
improve. The strong working capital position includes approximately $75
million of cash. The cash balance takes into consideration the January 2009
repayment of Western's C$5 million loan from Cambrian Mining Plc and the US$32
million loan made to Cambrian Mining (refer to January 22, 2009 press
release).
Fourth Quarter Fiscal 2009 Earnings and Conference Call
--------------------------------------------------------
The Company expects to release fourth quarter fiscal 2009 financial and
operating results on June 29, 2009 (before market hours). The Company is
planning to hold a conference call to discuss the quarter's financial and
operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or
1-800-731-5319. For replay access please dial either 416-640-1917 or
1-877-289-8525.
The call will be webcast live and will be available at
www.westerncanadiancoal.com
About Western Canadian Coal
Western Canadian Coal Corp. produces high quality metallurgical coal from
mines located in the northeast of British Columbia. The coal is sold to many
of the top steelmakers in the world. The Company also has interests in various
coal properties in northern and southern British Columbia and a 50% interest
to explore and develop the Belcourt and Saxon group of properties in northern
BC. For more information, please visit www.westerncanadiancoal.com
Forward-Looking Information
This news release contains "forward-looking information" within the
meaning of applicable securities laws. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as "plans",
"expects", or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "does not anticipate",
or "believes" or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might", or "will
be taken", "occur", or "be achieved". Forward-looking information is based on
the opinions and estimates of management at the date the information is made,
and is based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking information.
Many of these assumptions are based on factors and events that are not within
the control of Western and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information include changes in
market conditions, variations in coal recovery rates, risks relating to
operations, fluctuating coal prices and currency exchange rates, changes in
project parameters, the possibility of unanticipated costs and expenses,
labour disputes and other risks of the mining industry, failure of plant,
equipment or processes to operate as anticipated, the business of the
companies not being integrated successfully or such integration proving more
difficult, time consuming or costly than expected as well as those risk
factors discussed in the Annual Information Form for the year ended March 31,
2008 for Western available on www.sedar.com. Although Western has attempted to
identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking information,
there may be other factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Western undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking information.
For further information: David Jan, Manager, Investor Relations, Phone: (604)
608-2692, Email: djan@westerncoal.com
VANCOUVER, May 25 /CNW/ - Western Canadian Coal Corp (TSX: WTN, WTN.WT
and WTN.DB and AIM: WTN) ("Company") announces an update on production and
shipments for the fourth quarter ending March 31, 2009 and the expected
release date of the Company's fourth quarter fiscal 2009 financial results
Fourth Quarter Fiscal 2009 Operations Update
---------------------------------------------
For the fourth quarter fiscal 2009, the Company had shipments of
approximately 276,700 tonnes of hard coking coal and 68,500 tonnes of
low-volatile PCI coal ("ULV-PCI"). Sales prices in the quarter averaged US$250
per tonne.
Production for the fourth quarter was 359,700 tonnes of hard coking coal
and 142,000 tonnes of ULV-PCI. During the quarter, the stripping ratio at the
Wolverine Operation was 15:1, which was lower than the 17:1 ratio in the third
fiscal quarter, and continues to fall towards fiscal 2010 plan levels of 12:1.
The stripping ratio is a key indicator of cash costs of the operations.
The Company's March 31, 2009 working capital position continues to
improve. The strong working capital position includes approximately $75
million of cash. The cash balance takes into consideration the January 2009
repayment of Western's C$5 million loan from Cambrian Mining Plc and the US$32
million loan made to Cambrian Mining (refer to January 22, 2009 press
release).
Fourth Quarter Fiscal 2009 Earnings and Conference Call
--------------------------------------------------------
The Company expects to release fourth quarter fiscal 2009 financial and
operating results on June 29, 2009 (before market hours). The Company is
planning to hold a conference call to discuss the quarter's financial and
operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or
1-800-731-5319. For replay access please dial either 416-640-1917 or
1-877-289-8525.
The call will be webcast live and will be available at
www.westerncanadiancoal.com
About Western Canadian Coal
Western Canadian Coal Corp. produces high quality metallurgical coal from
mines located in the northeast of British Columbia. The coal is sold to many
of the top steelmakers in the world. The Company also has interests in various
coal properties in northern and southern British Columbia and a 50% interest
to explore and develop the Belcourt and Saxon group of properties in northern
BC. For more information, please visit www.westerncanadiancoal.com
Forward-Looking Information
This news release contains "forward-looking information" within the
meaning of applicable securities laws. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as "plans",
"expects", or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "does not anticipate",
or "believes" or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might", or "will
be taken", "occur", or "be achieved". Forward-looking information is based on
the opinions and estimates of management at the date the information is made,
and is based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking information.
Many of these assumptions are based on factors and events that are not within
the control of Western and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information include changes in
market conditions, variations in coal recovery rates, risks relating to
operations, fluctuating coal prices and currency exchange rates, changes in
project parameters, the possibility of unanticipated costs and expenses,
labour disputes and other risks of the mining industry, failure of plant,
equipment or processes to operate as anticipated, the business of the
companies not being integrated successfully or such integration proving more
difficult, time consuming or costly than expected as well as those risk
factors discussed in the Annual Information Form for the year ended March 31,
2008 for Western available on www.sedar.com. Although Western has attempted to
identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking information,
there may be other factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Western undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking information.
For further information: David Jan, Manager, Investor Relations, Phone: (604)
608-2692, Email: djan@westerncoal.com
was ist den hier los ???
drüben gibts fast kein Handel
:O
drüben gibts fast kein Handel
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
Antwort auf Beitrag Nr.: 37.245.704 von algodyne am 25.05.09 15:37:23
Verkauf doch wenn du nicht zufrieden bist, und sei mal bissl sparsamer mit den roten Smilies
Verkauf doch wenn du nicht zufrieden bist, und sei mal bissl sparsamer mit den roten Smilies
Antwort auf Beitrag Nr.: 37.245.475 von marvessa am 25.05.09 15:07:22Haben sie mal wieder nach hinten gelegt erst war von der Juni Woche die Rede...so sind se halt ![:rolleyes:](//img.wallstreet-online.de/smilies/rolleyes.gif)
Fourth Quarter Fiscal 2009 Earnings and Conference Call
--------------------------------------------------------
The Company expects to release fourth quarter fiscal 2009 financial and
operating results on June 29, 2009 (before market hours). The Company is
planning to hold a conference call to discuss the quarter's financial and
operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or
1-800-731-5319. For replay access please dial either 416-640-1917 or
1-877-289-8525.
The call will be webcast live and will be available at
www.westerncanadiancoal.com
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Fourth Quarter Fiscal 2009 Earnings and Conference Call
--------------------------------------------------------
The Company expects to release fourth quarter fiscal 2009 financial and
operating results on June 29, 2009 (before market hours). The Company is
planning to hold a conference call to discuss the quarter's financial and
operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or
1-800-731-5319. For replay access please dial either 416-640-1917 or
1-877-289-8525.
The call will be webcast live and will be available at
www.westerncanadiancoal.com
Antwort auf Beitrag Nr.: 37.245.830 von donnerpower am 25.05.09 15:52:36
Immerhin produzieren sie und haben nicht wie CCJ einen Rechtsstreit am entstehen
- nur mal so -
Immerhin produzieren sie und haben nicht wie CCJ einen Rechtsstreit am entstehen
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
legen die eventuell schon cambrian und wtn zusammen(rein bilanzierungstechnisch)?
Antwort auf Beitrag Nr.: 37.245.856 von bolst am 25.05.09 15:55:57wäre aber ein bissl abwägig,oder?
das war heute erst der Anfang !!
bei diesem wert ist geduld angesagt...es kann ein zwei..drei...vier jahre dauern bis einige richtig glücklich mit dem wert werden, 2009 ist kein grund in sicht warum wtn auf die höchststände klettern sollte
Antwort auf Beitrag Nr.: 37.248.469 von algodyne am 25.05.09 22:05:32was für ein anfang??? warum bist so afgerägt
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
WESTERN CANADIAN COAL PROVIDES Q4-2009 OPERATIONS UPDATE
ANNOUNCES Q4-2009 EARNINGS RELEASE DATE
Vancouver, B.C. May 25, 2009 – Western Canadian Coal Corp (TSX: WTN, WTN.WT and
WTN.DB and AIM: WTN) (“Company”) announces an update on production and shipments for
the fourth quarter ending March 31, 2009 and the expected release date of the Company’s
fourth quarter fiscal 2009 financial results
Fourth Quarter Fiscal 2009 Operations Update
For the fourth quarter fiscal 2009, the Company had shipments of approximately 276,700
tonnes of hard coking coal and 68,500 tonnes of low-volatile PCI coal (“ULV-PCI”). Sales prices
in the quarter averaged US$250 per tonne.
Production for the fourth quarter was 359,700 tonnes of hard coking coal and 142,000 tonnes of
ULV-PCI. During the quarter, the stripping ratio at the Wolverine Operation was15:1, which was
lower than the 17:1 ratio in the third fiscal quarter, and continues to fall towards fiscal 2010 plan
levels of 12:1. The stripping ratio is a key indicator of cash costs of the operations.
The Company’s March 31, 2009 working capital position continues to improve. The strong
working capital position includes approximately $75 million of cash. The cash balance takes
into consideration the January 2009 repayment of Western’s C$5 million loan from Cambrian
Mining Plc and the US$32 million loan made to Cambrian Mining (refer to January 22, 2009
press release).
Fourth Quarter Fiscal 2009 Earnings and Conference Call
The Company expects to release fourth quarter fiscal 2009 financial and operating results on
June 29, 2009 (before market hours). The Company is planning to hold a conference call to
discuss the quarter’s financial and operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or 1-800-731-5319. For replay access
please dial either 416-640-1917 or 1-877-289-8525.
The call will be webcast live and will be available at
Quelle: www.westerncanadiancoal.com
ANNOUNCES Q4-2009 EARNINGS RELEASE DATE
Vancouver, B.C. May 25, 2009 – Western Canadian Coal Corp (TSX: WTN, WTN.WT and
WTN.DB and AIM: WTN) (“Company”) announces an update on production and shipments for
the fourth quarter ending March 31, 2009 and the expected release date of the Company’s
fourth quarter fiscal 2009 financial results
Fourth Quarter Fiscal 2009 Operations Update
For the fourth quarter fiscal 2009, the Company had shipments of approximately 276,700
tonnes of hard coking coal and 68,500 tonnes of low-volatile PCI coal (“ULV-PCI”). Sales prices
in the quarter averaged US$250 per tonne.
Production for the fourth quarter was 359,700 tonnes of hard coking coal and 142,000 tonnes of
ULV-PCI. During the quarter, the stripping ratio at the Wolverine Operation was15:1, which was
lower than the 17:1 ratio in the third fiscal quarter, and continues to fall towards fiscal 2010 plan
levels of 12:1. The stripping ratio is a key indicator of cash costs of the operations.
The Company’s March 31, 2009 working capital position continues to improve. The strong
working capital position includes approximately $75 million of cash. The cash balance takes
into consideration the January 2009 repayment of Western’s C$5 million loan from Cambrian
Mining Plc and the US$32 million loan made to Cambrian Mining (refer to January 22, 2009
press release).
Fourth Quarter Fiscal 2009 Earnings and Conference Call
The Company expects to release fourth quarter fiscal 2009 financial and operating results on
June 29, 2009 (before market hours). The Company is planning to hold a conference call to
discuss the quarter’s financial and operating results on June 29, 2009 at 8:00 AM (Pacific).
To participate in the call, please dial either 416-644-3426 or 1-800-731-5319. For replay access
please dial either 416-640-1917 or 1-877-289-8525.
The call will be webcast live and will be available at
Quelle: www.westerncanadiancoal.com
WESTERN CANADIAN COAL PUBLISHES CAMBRIAN ACQUISITION DOCUMENTS
Vancouver, B.C. May 25, 2009 – Western Canadian Coal Corp (TSX: WTN, WTN.WT and
WTN.DB and AIM: WTN) (“Company”) announces the Company will be posting today on the
Company’s website (www.westerncanadiancoal.com/merger) and SEDAR (www.sedar.com) the
management information circular and 43-101 technical reports (“Acquisition Documents”)
related to the proposed acquisition of Cambrian Mining Plc (see May 20, 2009 press release).
The notice of meeting and management information circular is in the process of being mailed to
shareholders.
Quelle: http://www.westerncoal.com/news_and_links/
Vancouver, B.C. May 25, 2009 – Western Canadian Coal Corp (TSX: WTN, WTN.WT and
WTN.DB and AIM: WTN) (“Company”) announces the Company will be posting today on the
Company’s website (www.westerncanadiancoal.com/merger) and SEDAR (www.sedar.com) the
management information circular and 43-101 technical reports (“Acquisition Documents”)
related to the proposed acquisition of Cambrian Mining Plc (see May 20, 2009 press release).
The notice of meeting and management information circular is in the process of being mailed to
shareholders.
Quelle: http://www.westerncoal.com/news_and_links/
Wirtschaftskrise leicht erklärt ![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
Es ist August, eine kleine Stadt an der Riviera, Hauptsaison, aber es regnet, die Stadt ist leer.
Alle haben Schulden und leben auf Kredit.
Zum Glück betritt ein reicher Russe eines der Hotels:
• Der Russe will ein Zimmer, legt 500 Euro auf den Tisch und geht, um sich das Zimmer ansehen.
• Der Hotelchef nimmt das Geld und rennt zum Metzger, um seine Schulden zu begleichen.
• Dieser nimmt die Banknote und rennt zum Schweinezüchter, um seine Schulden zu regulieren.
• Dieser nimmt die 500 Euro und rennt zum Futterlieferanten, um seine Schulden zu reduzieren.
• Dieser nimmt das Geld und gibt es der Nutte, bei der er laufend auf Kredit war (Krise).
• Die Nutte nimmt das Geld und rennt zum Hotelchef, um ihre Schulden für das Stundenzimmer zu regulieren.
Genau in diesem Moment kommt der Russe zurück, sagt, das Zimmer gefalle ihm nicht, nimmt seine 500 Euro zurück und verlässt die Stadt.
Niemand hat etwas verdient, aber die ganze Stadt hat keine Schulden mehr und schaut plötzlich wieder völlig optimistisch in die Zukunft!
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Es ist August, eine kleine Stadt an der Riviera, Hauptsaison, aber es regnet, die Stadt ist leer.
Alle haben Schulden und leben auf Kredit.
Zum Glück betritt ein reicher Russe eines der Hotels:
• Der Russe will ein Zimmer, legt 500 Euro auf den Tisch und geht, um sich das Zimmer ansehen.
• Der Hotelchef nimmt das Geld und rennt zum Metzger, um seine Schulden zu begleichen.
• Dieser nimmt die Banknote und rennt zum Schweinezüchter, um seine Schulden zu regulieren.
• Dieser nimmt die 500 Euro und rennt zum Futterlieferanten, um seine Schulden zu reduzieren.
• Dieser nimmt das Geld und gibt es der Nutte, bei der er laufend auf Kredit war (Krise).
• Die Nutte nimmt das Geld und rennt zum Hotelchef, um ihre Schulden für das Stundenzimmer zu regulieren.
Genau in diesem Moment kommt der Russe zurück, sagt, das Zimmer gefalle ihm nicht, nimmt seine 500 Euro zurück und verlässt die Stadt.
Niemand hat etwas verdient, aber die ganze Stadt hat keine Schulden mehr und schaut plötzlich wieder völlig optimistisch in die Zukunft!
Antwort auf Beitrag Nr.: 37.252.666 von x1Holger am 26.05.09 14:01:39...so eine ähnliche story wird auch gerne erzählt unter verwendung einer falschen dollarnote - der effekt bleibt der gleiche...
...isn't it magic
...isn't it magic
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Endlich mal in die richtige Richtung !!!
Und das beste ist keiner merkt es
Und das beste ist keiner merkt es
1,38 Can Dollar !!!!!!!!!!!!!!!
![:(](//img.wallstreet-online.de/smilies/frown.gif)
![:confused:](//img.wallstreet-online.de/smilies/confused.gif)
![:)](//img.wallstreet-online.de/smilies/smile.gif)
![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:cry:](//img.wallstreet-online.de/smilies/cry.gif)
![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:keks:](//img.wallstreet-online.de/smilies/keks.gif)
![:keks:](//img.wallstreet-online.de/smilies/keks.gif)
![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
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![:p](//img.wallstreet-online.de/smilies/tongue.gif)
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![:keks:](//img.wallstreet-online.de/smilies/keks.gif)
![:confused:](//img.wallstreet-online.de/smilies/confused.gif)
Wo seit ihr ???
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
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![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
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![;)](http://img.wallstreet-online.de/smilies/wink.gif)
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![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
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1,42 Can Dollar RT
Hallo wo seit ihr ?????
Hallo wo seit ihr ?????
keine angst.sind noch da.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
gibts was neues oder warum gehts so úp
Antwort auf Beitrag Nr.: 37.256.011 von algodyne am 26.05.09 19:09:34na endlich tut sich was![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
jetzt wieder 1,38
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
jetzt wieder 1,38
Antwort auf Beitrag Nr.: 37.255.874 von algodyne am 26.05.09 18:56:16wir merken es schon, aber wir sind einfach deutlich entspannter als du
denn du verfällst ja in Ekstase in beide Richtungen bei jedem Cent und wehe es passiert mal nen paar Stunden nix
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
festzuhalten bleibt,das wir in einer range zwischen 1,28 und 1,42 festhängen.
abwarten und geniesen, algodyne...
es sollte heut ein guter tag werden.ölpreis im plus.das könnte uns ein wenig schub geben.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Eröffnung:
1,40 CAD
1,40 CAD
los jetzt mal über die 1,42
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
geht ja gut ab heut unsere Kleine... ich denke vor den Zahlen wirds auch nochmal up gehen und am Q4 Tag dann sowieso... also die 1,20-1,50 könnten bis Juli gut drin sein.
hält sich heute ganz gut unsere kleine.alsö 1,50 will ich mindestens sehen.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.255.942 von algodyne am 26.05.09 19:02:43
Wieso muss man da sein wenn der Kurs steigt? Er wird auch ohne uns steigen
Wieso muss man da sein wenn der Kurs steigt? Er wird auch ohne uns steigen
festhalten kann man,das gestern wtn gut gelaufen ist,wenn man sich die hauptmärkte so anschaut.
mal sehen,wie es heute weiter geht.langsam hätte ich schon gerne mal den ausbruch über die 1,42
mal sehen,wie es heute weiter geht.langsam hätte ich schon gerne mal den ausbruch über die 1,42
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.270.894 von bolst am 28.05.09 12:17:44...sparsamer Mensch, so bescheiden, süß
...wir werden es sehen, spätestens wenn der Q4 Bericht kommt gehts hier bergauf!
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Antwort auf Beitrag Nr.: 37.271.098 von tanja2-2 am 28.05.09 12:39:26wie meinste das bescheiden?man sagt mir immer nach,das ich auf zu großem fuß lebe.-kleiner scherz
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
!
Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users
Antwort auf Beitrag Nr.: 37.271.233 von G9Ld3N am 28.05.09 12:55:32falscher thread oder?
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
hu huuuuuu, keiner mehr da !?
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.272.571 von x1Holger am 28.05.09 15:18:33Doch, sind alle noch da...
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.272.571 von x1Holger am 28.05.09 15:18:33
am besten wir melden uns alle im stundentakt das wir noch hier sind.
Ist das hier ein Chat?
am besten wir melden uns alle im stundentakt das wir noch hier sind.
Ist das hier ein Chat?
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Die Bollinger laufen wieder schön zusammen. Der nächste Anstieg sollte also nicht weit entfernt sein. Könnte uns dann bis erstmal 2,00 ~ 2,10 CAD führen
![](http://img521.imageshack.us/img521/509/chartshistproc.png)
Kann ich nur bestätigen. Das Volumen ist nett anzusehen und lässt auf mehr hoffen.
Wenn der Kurs in einem Monat bei der 2,00 CAD-Marke steht bin ich zufrieden.
Wenn der Kurs in einem Monat bei der 2,00 CAD-Marke steht bin ich zufrieden.
Bei 1,41 CAD "deckel drauf". Sieht man im Buch an den Stücken
...unsere Geduld wird mit Sicherheit weiterhin belohnt....
Deckel gesprengt
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.274.239 von tanja2-2 am 28.05.09 17:14:13sehe ich auch so... würde zu gern nochmals bei cambrian nachlegen, aber mein neues Depot wird einfach nicht freigeschaltet...
Antwort auf Beitrag Nr.: 37.275.071 von oddl84 am 28.05.09 18:37:51gibt es eigentlich einen Stichtag
für den Aktientausch 4 zu 3
4x 0,55 Euro Cam= 2,20
3x 0,90 Euro WTN= 2,70
Kaufe 2000x Cambrian und bekomme 1500
WTN. Lohnt sich doch oder liege ich hier falsch???
Danke SF
für den Aktientausch 4 zu 3
4x 0,55 Euro Cam= 2,20
3x 0,90 Euro WTN= 2,70
Kaufe 2000x Cambrian und bekomme 1500
WTN. Lohnt sich doch oder liege ich hier falsch???
Danke SF
Merksatz:
Bei einem steigenden Ölpreis wird in der Regel auch der Kohlepreis verteuert.![;)](//img.wallstreet-online.de/smilies/wink.gif)
US-Ölpreis klettert auf neues Jahreshoch knapp unter 65 US-Dollar
NEW YORK/LONDON/WIEN (dpa-AFX) - Der US-Ölpreis ist am Donnerstag nach den
US-Rohöllagerdaten auf ein neues Jahreshoch geklettert. Der Preis für ein Barrel
(159 Liter) der US-Referenzsorte West Texas Intermediate (WTI) zur Auslieferung
im Juli kletterte am späten Nachmittag bis auf 64,99 Dollar und scheiterte damit
nur knapp an der Marke von 65 Dollar. Zuletzt wurde ein Barrel mit 64,65 Dollar
gehandelt. Das waren 1,20 Dollar mehr als am Vortag. Der Preis für ein Fass der
Nordseesorte Brent kletterte um 1,33 Dollar auf 63,83 Dollar.
Einen entscheidenden Impuls lieferten am Nachmittag nach Einschätzung von
Experten die wöchentlichen Öllagerdaten aus den USA. Die Rohölvorräte sanken
nach Angaben des US-Energieministeriums in der vergangenen Woche um 5,4
Millionen auf 363,1 Millionen Barrel. Auch die Bestände an Benzin gingen um 0,6
Millionen auf 203,4 Millionen Barrel zurück. Die Destillate-Bestände (Heizöl,
Diesel) stiegen indes um 0,3 Millionen auf 148,4 Millionen Barrel.
Die Organisation erdölexportierender Länder (OPEC) beließ die Öl-Förderquote
unterdessen am Donnerstag wie erwartet unverändert. Dies gab OPEC-Sprecher Omar
Ibrahim nach Beratungen der OPEC-Ölminister in Wien bekannt. Die Organisation
werde angesichts der nach wie vor andauernden Überproduktion die
Marktentwicklung allerdings "weiter sorgfältig beobachten", um im Falle neuer
Entwicklungen schnell handeln zu können, sagte Ibrahim. OPEC-Generalsekretär
Abdullah Salem el Badri nannte die allgemein erwartete Entscheidung "ein Signal
für die Märkte".
Am Markt wurde mit dieser Entscheidung gerechnet. "Weitere Kürzungen mit
einem Ölpreis über 60 Dollar wären auch schwer zu rechtfertigen gewesen", sagte
ein Experte. Die Postbank rechnet unterdessen erst auf Jahressicht mit einer
nachhaltig festeren Tendenz des Ölpreises, "wenn angesichts einer lebhafteren
Konjunkturentwicklung wieder die Ölangebotsseite und damit Ängste über künftige
Ölknappheit in den Vordergrund rücken." Viel hänge davon ab, wie schnell sich
die Weltwirtschaft wieder erhole.
Der Preis für Rohöl der OPEC ist derweil deutlich gestiegen. Nach Berechnung
des OPEC-Sekretariats vom Donnerstag kostete ein Barrel am Mittwoch 60,75 Dollar
und damit 2,04 Dollar mehr als am Dienstag. Die OPEC berechnet ihren täglichen
Korbpreis auf Basis von zwölf wichtigen Sorten des Kartells./jha/wiz
Bei einem steigenden Ölpreis wird in der Regel auch der Kohlepreis verteuert.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
US-Ölpreis klettert auf neues Jahreshoch knapp unter 65 US-Dollar
NEW YORK/LONDON/WIEN (dpa-AFX) - Der US-Ölpreis ist am Donnerstag nach den
US-Rohöllagerdaten auf ein neues Jahreshoch geklettert. Der Preis für ein Barrel
(159 Liter) der US-Referenzsorte West Texas Intermediate (WTI) zur Auslieferung
im Juli kletterte am späten Nachmittag bis auf 64,99 Dollar und scheiterte damit
nur knapp an der Marke von 65 Dollar. Zuletzt wurde ein Barrel mit 64,65 Dollar
gehandelt. Das waren 1,20 Dollar mehr als am Vortag. Der Preis für ein Fass der
Nordseesorte Brent kletterte um 1,33 Dollar auf 63,83 Dollar.
Einen entscheidenden Impuls lieferten am Nachmittag nach Einschätzung von
Experten die wöchentlichen Öllagerdaten aus den USA. Die Rohölvorräte sanken
nach Angaben des US-Energieministeriums in der vergangenen Woche um 5,4
Millionen auf 363,1 Millionen Barrel. Auch die Bestände an Benzin gingen um 0,6
Millionen auf 203,4 Millionen Barrel zurück. Die Destillate-Bestände (Heizöl,
Diesel) stiegen indes um 0,3 Millionen auf 148,4 Millionen Barrel.
Die Organisation erdölexportierender Länder (OPEC) beließ die Öl-Förderquote
unterdessen am Donnerstag wie erwartet unverändert. Dies gab OPEC-Sprecher Omar
Ibrahim nach Beratungen der OPEC-Ölminister in Wien bekannt. Die Organisation
werde angesichts der nach wie vor andauernden Überproduktion die
Marktentwicklung allerdings "weiter sorgfältig beobachten", um im Falle neuer
Entwicklungen schnell handeln zu können, sagte Ibrahim. OPEC-Generalsekretär
Abdullah Salem el Badri nannte die allgemein erwartete Entscheidung "ein Signal
für die Märkte".
Am Markt wurde mit dieser Entscheidung gerechnet. "Weitere Kürzungen mit
einem Ölpreis über 60 Dollar wären auch schwer zu rechtfertigen gewesen", sagte
ein Experte. Die Postbank rechnet unterdessen erst auf Jahressicht mit einer
nachhaltig festeren Tendenz des Ölpreises, "wenn angesichts einer lebhafteren
Konjunkturentwicklung wieder die Ölangebotsseite und damit Ängste über künftige
Ölknappheit in den Vordergrund rücken." Viel hänge davon ab, wie schnell sich
die Weltwirtschaft wieder erhole.
Der Preis für Rohöl der OPEC ist derweil deutlich gestiegen. Nach Berechnung
des OPEC-Sekretariats vom Donnerstag kostete ein Barrel am Mittwoch 60,75 Dollar
und damit 2,04 Dollar mehr als am Dienstag. Die OPEC berechnet ihren täglichen
Korbpreis auf Basis von zwölf wichtigen Sorten des Kartells./jha/wiz
Das würde ich auch gern wissen,wann werden die Aktien umgewandelt?
wau über 300k mit einem schlag.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
sher schön und jetzt noch ein bissl.über der 1,53 wirds lustig
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Mensch,was ist hier los heute???? ![:lick:](//img.wallstreet-online.de/smilies/lick.gif)
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
ausbruch über das ober bollinger band.darauf hab ich gewartet.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Antwort auf Beitrag Nr.: 37.276.809 von bolst am 28.05.09 21:36:48obere sollte das heißen
Antwort auf Beitrag Nr.: 37.276.886 von bolst am 28.05.09 21:45:46jetzt macht es richtig spaß, mal schauen ob wir die 160 noch knacken
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
sauberes szenario.fast 1,60-morgen kommt endlich der 1€
Party!!!!!!
und das alles einfach so???
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.277.051 von DerHerscher am 28.05.09 22:02:47natürlich nicht.der ölpreis steigt und was hängt mit da dranne?
Antwort auf Beitrag Nr.: 37.277.065 von bolst am 28.05.09 22:04:09Guten Abemd bolst,
bist schon ne treue Seele ,weil du diesen Thread maßgeblich mit am Leben erhältst.
Der Umsatz in CAN ist ja schon beeindruckend, hoffe, das auch bei uns endlich mal der Knoten platzt.
Schlußkurs auf TH bei hohem Volumen...was will man mehr.
Wünsch dir eine gute Nacht, und vergiss vor lauter Börse nicht das Radfahren...
Traum
PS: bin noch investiert, habe auch nicht vor, vor dem bestehenden Knall zu schmeißen.
bist schon ne treue Seele ,weil du diesen Thread maßgeblich mit am Leben erhältst.
Der Umsatz in CAN ist ja schon beeindruckend, hoffe, das auch bei uns endlich mal der Knoten platzt.
Schlußkurs auf TH bei hohem Volumen...was will man mehr.
Wünsch dir eine gute Nacht, und vergiss vor lauter Börse nicht das Radfahren...
Traum
PS: bin noch investiert, habe auch nicht vor, vor dem bestehenden Knall zu schmeißen.
Schon klar ner Kohlepreis,trotzdem fand ich das heute recht beeindruckend
Geiler Tag!
WTN heute +14% (jetzt 160% seit Kauf vorne und noch mehr als 50% der Posi drin)![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
ORG heute +13%
LGO heute +21%
bestens
WTN heute +14% (jetzt 160% seit Kauf vorne und noch mehr als 50% der Posi drin)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
ORG heute +13%
LGO heute +21%
bestens
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.277.269 von Traumfresser am 28.05.09 22:28:10meinte natürlich vor dem bevorstehenden Knall
Antwort auf Beitrag Nr.: 37.277.269 von Traumfresser am 28.05.09 22:28:10na das mit dem rad kommt in letzter zeit ziemlich selten vor.hab ne menge streß.bald bin ich wieder ne ganze zeit auf achse,dann hab ich noch weniger zeit.der sommer kommt aber wieder und dann nehme ich mir,was ich brauch.
mit dem ausbruch über das obere bb sollte der startschuß für einen weiteren anstieg gegeben sein.
auffallend war,das wir in der range 1,28-1,42 festhingen.der kluge mann konnte schön zu 1,28-1,30 sammeln oder in de zu 0,81-0,83
ich habe aus meiner ursprünglichen position,nachdem ich die hälfte zu 0,92 verkaufte wieder auf 75% der ursprünglichen hochgefahren.
ich bin weiter sehr optimistisch,was den kursverlauf von wtn betrifft.
wünsche allen noch viel freude hier mit wtn und eine
mit dem ausbruch über das obere bb sollte der startschuß für einen weiteren anstieg gegeben sein.
auffallend war,das wir in der range 1,28-1,42 festhingen.der kluge mann konnte schön zu 1,28-1,30 sammeln oder in de zu 0,81-0,83
ich habe aus meiner ursprünglichen position,nachdem ich die hälfte zu 0,92 verkaufte wieder auf 75% der ursprünglichen hochgefahren.
ich bin weiter sehr optimistisch,was den kursverlauf von wtn betrifft.
wünsche allen noch viel freude hier mit wtn und eine
![](http://www.cheesebuerger.de/images/more/schilder/c030.gif)
genau das ist der Grund warum ich hier voll investiert bin u. bleibe.
Der Kohle und inzwischen Gold Produzent wird auf alte Höhen steigen!!!!!!!!!!!!!!!!!Hier Handelt es sich um ein soliden Titel der stark unterbewerdet ist was immer mehr Investoren wahrnehmen.
Drin bleiben und sich von Dummbasher nicht aus der Ruhe bringen lassen ist hier die Devise.
Lasst euch von bestimmen User an Board nicht dazu führen eure kurzfristige Gewinne zu realisieren................entscheidet vielmehr selbst und schaut dazu die Fakten zu Western Coal an !!!!!!!
Die 6 Dollar kommen bestimmt dieses Jahr:kiss:
Der Kohle und inzwischen Gold Produzent wird auf alte Höhen steigen!!!!!!!!!!!!!!!!!Hier Handelt es sich um ein soliden Titel der stark unterbewerdet ist was immer mehr Investoren wahrnehmen.
Drin bleiben und sich von Dummbasher nicht aus der Ruhe bringen lassen ist hier die Devise.
Lasst euch von bestimmen User an Board nicht dazu führen eure kurzfristige Gewinne zu realisieren................entscheidet vielmehr selbst und schaut dazu die Fakten zu Western Coal an !!!!!!!
Die 6 Dollar kommen bestimmt dieses Jahr:kiss:
Antwort auf Beitrag Nr.: 37.277.714 von algodyne am 29.05.09 00:10:10
Guten Abend.
Cool, das du entdeckt hast, wie man die fett-schreib-funktion hier bei w:0 benutzt![;)](//img.wallstreet-online.de/smilies/wink.gif)
Sicherlich freut sich jeder der investiert ist über den heutigen Tag.
Aber bist du es nicht immer der gleich jammert wenn es mal nicht vorwärts geht, oder "wenig" volumen (noch dazu in Frankfurt) ist?
Bleib einfach bisschen lockerer, dann klappts auch mit deinen 6 $.
Guts Nächtle
Guten Abend.
Cool, das du entdeckt hast, wie man die fett-schreib-funktion hier bei w:0 benutzt
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Sicherlich freut sich jeder der investiert ist über den heutigen Tag.
Aber bist du es nicht immer der gleich jammert wenn es mal nicht vorwärts geht, oder "wenig" volumen (noch dazu in Frankfurt) ist?
Bleib einfach bisschen lockerer, dann klappts auch mit deinen 6 $.
Guts Nächtle
werd ich mir zu Herzen nehmen.
Antwort auf Beitrag Nr.: 37.272.675 von finanzmarc am 28.05.09 15:28:43manchmal schon
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.275.071 von oddl84 am 28.05.09 18:37:51gibt es eigentlich einen Stichtag
für den Aktientausch 4 zu 3
4x 0,55 Euro Cam= 2,20
3x 0,90 Euro WTN= 2,70
Kaufe 2000x Cambrian und bekomme 1500
WTN. Lohnt sich doch oder liege ich hier falsch???
Danke SF
für den Aktientausch 4 zu 3
4x 0,55 Euro Cam= 2,20
3x 0,90 Euro WTN= 2,70
Kaufe 2000x Cambrian und bekomme 1500
WTN. Lohnt sich doch oder liege ich hier falsch???
Danke SF
..ganz in ruhe, wie ich gesagt habe die zahlen ende juni werden der aktie weitere Unterstützung Richtung 2,50-3Dollar geben!
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.278.681 von donnerpower am 29.05.09 09:27:43na hoffentlich ![:)](//img.wallstreet-online.de/smilies/smile.gif)
aber 2,50- bis 3,-€ wären auch super
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
aber 2,50- bis 3,-€ wären auch super
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.278.884 von x1Holger am 29.05.09 09:47:00KOMMT NOCH
Antwort auf Beitrag Nr.: 37.279.378 von oddl84 am 29.05.09 10:35:37ok, dann warte ich eben noch die 2 Wochen
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
kurze anmerkung noch von meiner seite.der gestrige ausbruch sollte der startschuß gewesen sein.normalerweise sollte es heute weiter nach oben gehen.sagt mir der chart mit all seinen signalen.
schaun wir mal,ob ich das fehlinterpretiert habe oder ob ich mit meine meinung richtig liege.![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
bis heut nachmittag
schaun wir mal,ob ich das fehlinterpretiert habe oder ob ich mit meine meinung richtig liege.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
bis heut nachmittag
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.278.077 von saecofan am 29.05.09 07:59:00Nein läuft bis die Übernahme wahrscheinlich im Juli abgeschlossen ist... fg
Antwort auf Beitrag Nr.: 37.280.205 von oddl84 am 29.05.09 11:48:51danke das einer nach 2 maliger Nachfrage
antwortet.
Rechnerich müßte sich das ja immer noch lohnen
mal sehen
antwortet.
Rechnerich müßte sich das ja immer noch lohnen
mal sehen
Antwort auf Beitrag Nr.: 37.280.428 von saecofan am 29.05.09 12:10:40Aha, wir sind etwas verärgert, manchmal dauert das halt ein Weilchen, musste auch zuerst an WTN schreiben um deine Frage gewissenhaft zu beantworten... fg
Antwort auf Beitrag Nr.: 37.280.428 von saecofan am 29.05.09 12:10:40... aber nicht vergessen bis Ende Juli ist es noch ein Weile hin und der Kurs wird sich sicher noch bewegen...
Antwort auf Beitrag Nr.: 37.280.940 von oddl84 am 29.05.09 13:02:10war doch nicht an dich persönlich
gerichtet-
nehme mal an das viele das genutzt haben
ansonsten wäre ja Camb heute nicht so im Plus
wer weiß ob sich das am Stichtag dann lohnt
Danke nochmal
gerichtet-
nehme mal an das viele das genutzt haben
ansonsten wäre ja Camb heute nicht so im Plus
wer weiß ob sich das am Stichtag dann lohnt
Danke nochmal
Antwort auf Beitrag Nr.: 37.280.965 von saecofan am 29.05.09 13:04:09passt... gerne fg
Die Spannung steigt. Das Publikum wartet auf den Anstoß. Fußball ist nicht mehr. Anstoß Wochentags täglich um 15:30. Viel Glück uns allen
Bitte unterstützt die Projekte von http://www.regenwald.org/
Unterstützen heißt vorallem, es geht um eure Meinung, mit ein paar Klicks habt ihr euch für viele gute Sachen Gehör verschafft und könnt so einen wertvollen Beitrag leisten, dass unser aller Zukunft lebenswert bleibt.
Besten Dank!
Public
Unterstützen heißt vorallem, es geht um eure Meinung, mit ein paar Klicks habt ihr euch für viele gute Sachen Gehör verschafft und könnt so einen wertvollen Beitrag leisten, dass unser aller Zukunft lebenswert bleibt.
Besten Dank!
Public
so ich bin mal gespannt,wie sich der kurs heute macht.ein weiteres kaufsingnal sollte mit dem bruch der 200-er tagelinie erfolgen.die liegt bei 1,72 ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
danach sehe ich keine nennenswerten hindernisse mehr.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
danach sehe ich keine nennenswerten hindernisse mehr.
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Und ab geht die Post![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.282.376 von Kambyses am 29.05.09 15:33:07ich mache den PC an und was sehe ich![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
1,04€![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
wow das ist einfach genial und die Geduld hat sich bezahlt gemacht
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
1,04€
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
wow das ist einfach genial und die Geduld hat sich bezahlt gemacht
keiner nen RT Chart
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.282.501 von Kambyses am 29.05.09 15:42:39Danke
Licht und Schatten.
auf jeden Fall schon wieder schönes Volumen
Cambrian hat heute ja ganz schön heftig angezogen bzw momentan lohnt es sich kaum mehr über Camb in WTN ein zu steigen... die Differenz in FFM nach 4:3 liegt gerade noch bei 11% ganz schön heftig...
Antwort auf Beitrag Nr.: 37.283.019 von oddl84 am 29.05.09 16:28:33
ist meistens so nachdem eine Übernahme mit Tauschverhältnis in trockenen Tüchern ist.
Siehe z.B. Tenajon vs. Creston Moly
ist meistens so nachdem eine Übernahme mit Tauschverhältnis in trockenen Tüchern ist.
Siehe z.B. Tenajon vs. Creston Moly
Antwort auf Beitrag Nr.: 37.283.086 von finanzmarc am 29.05.09 16:34:03Ja aber bis Ende Juli ist es noch eine gute Weile hin und heute schloss sich die Schere schon ganz schön stark... denke aber dass die Differenz wieder etwas größer werden wird, sobald der Kurs nochmal zurück kommt. Forsys hingegen scheint mir diesbezüglich momentan ein echtes Schnäppchen zu sein. fg
Antwort auf Beitrag Nr.: 37.283.539 von oddl84 am 29.05.09 17:10:26noch 5%
![](http://www.cheesebuerger.de/images/more/bigs/a213.gif)
schade.hätte eigentlich mit einem anderen verlauf gerechnet.aber wie´s immer so ist.es war freitag und da drohen meistens gewinnmitnahmen.
bin auf die nächsten tage gespannt.leider hab ich dann nicht mehr soviel zeit.![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
happy weekend @ all
bin auf die nächsten tage gespannt.leider hab ich dann nicht mehr soviel zeit.
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
happy weekend @ all
länger investierte mussten schon häufig beobachten, dass vermutete entwicklung und kurs, zeitlich nicht einhergingen.
mal sehen wie es kommt...
lg
mal sehen wie es kommt...
lg
Antwort auf Beitrag Nr.: 37.287.922 von Public_Relations am 30.05.09 11:39:29sieht gut aus für nächste Woche
aber alles nur meine Meinung ![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![](http://i40.tinypic.com/2rf3r5d.gif)
![](http://i41.tinypic.com/xgck8p.gif)
Der nächste Widerstand ist die 1.70CAD Marke ![:)](//img.wallstreet-online.de/smilies/smile.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/28b7lue.gif)
![](http://i41.tinypic.com/mreio5.gif)
hier mal die letzten News auf einen Blick ![:)](//img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/2aeqm8y.gif)
Quelle: http://equedia.com/channel/financial.php?ownerId=4440&qm_pag…
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/2aeqm8y.gif)
Quelle: http://equedia.com/channel/financial.php?ownerId=4440&qm_pag…
Die Frage ist wann schlagen die Chinesen in Canada zu
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![](http://1.1.1.3/bmi/www.cheesebuerger.de/images/smilie/konfus/a015.gif)
![](http://i39.tinypic.com/2enm8o9.gif)
Hier noch einige Technische Daten zu Western Cdn Coal Corp. ![:)](//img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/64gfur.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/64gfur.gif)
![](http://i39.tinypic.com/2m7t9j4.gif)
Antwort auf Beitrag Nr.: 37.291.863 von BRBa am 31.05.09 20:47:56hab jetzt mal durchgezählt. 5 mal darfste noch.
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.291.874 von bolst am 31.05.09 20:49:37das bei Xemplar mußte auch noch abziehen
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![](http://1.1.1.4/bmi/www.cheesebuerger.de/images/more/bigs/a043.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
...hoffentlich zieht da Canada mit...
Antwort auf Beitrag Nr.: 37.293.570 von tanja2-2 am 01.06.09 10:26:27bis 15.30h werden wir bestimmt die 1.05€ sehen
![](http://www.cheesebuerger.de/images/smilie/konfus/a010.gif)
Antwort auf Beitrag Nr.: 37.293.704 von BRBa am 01.06.09 10:41:41![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
...nur schade das ich das nicht erleben werde...gehe zu einer geburtstagsparty und schlag mir den Bauch voll
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
...nur schade das ich das nicht erleben werde...gehe zu einer geburtstagsparty und schlag mir den Bauch voll
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.294.020 von BRBa am 01.06.09 11:17:11Frick... dass wäre dann das Zeichen zum Verkaufen, der Antiaktionär und für mich das Sinnbild eines modernen Verbrechers...
Antwort auf Beitrag Nr.: 37.294.524 von oddl84 am 01.06.09 12:27:42Die Sendung ist doch schon Geschichte ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Öl und Gold im Höhenflug
Die Notierungen für die beiden wichtigen Rohstoffe bekommen auch am Montag wieder Auftrieb. Konjunkturoptimismus auf der einen, Inflationsängste auf der anderen Seite sind die Triebfedern der Preisentwicklung.
Der Preis für Rohöl hat sich binnen eines halben Jahres fast verdoppelt. Bei 35 Dollar je Barrel (Fass mit 159 Litern) startete die Aufwärtsbewegung Anfang des Jahres. Am Montag notierte der aktuelle Terminkontrakt der US-Sorte WTI mit Lieferung im Juli bei mehr als 67 Dollar. Ein Fass der Nordseesorte Brent kostete rund 66,50 Dollar.
US-Lager überraschend leer
Laut Experten ist der beschleunigte Preisanstieg der vergangenen Wochen in erster Linie auf die Erwartung einer wieder anziehenden Weltwirtschaft zurückzuführen. Diese schlägt sich laut einem Händlerkommentar vom Montag sowohl in steigenden Aktienmärkten als auch erhöhten Ölpreisen nieder.
Dazu kommt auch ein kletternder Euro gegenüber dem US-Dollar, der am Montag weiter anstieg und die Marke von 1,42 Dollar übersprang.
Laut Commerzbank-Analyst Eugen Weinberg haben die Ölnotierungen zudem von Lagerbestandsdaten aus den USA in der vergangenen Woche profitiert. Die Öllager hatten sich überraschend um 5,4 Millionen Barrel verringert.
Gold peilt 1.000-Dollar-Marke an
Der Goldpreis macht sich am Montag auf in Richtung alter Höchststände. Mit 985 Dollar je Feinunze (rund 31 Gramm) nur noch knapp unter der magischen Marke von 1.000 Dollar und damit in der Nähe des Allzeithochs von 1.015 Dollar, das im März 2008 erreicht wurde. Im Februar dieses Jahres hatte der Spotpreis für das Edelmetall noch einmal kurz mehr als 1.000 Dollar gekostet, danach rutschte der Preis bis auf 860 Dollar ab.
Commerzbank-Experte Weinberg sieht im Anstieg der Goldnotierungen vor allem neue Inflationsängste bei Anlegern abgebildet. Verbesserte Konjunkturerwartungen und kletternde Ölpreise führten zur längerfristigen Erwartungen eines deutlichen Preisauftriebs.
Antwort auf Beitrag Nr.: 37.294.765 von BRBa am 01.06.09 13:03:07Gott sei Dank!!!
1,68 CAD
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Schaut man sich diesen Chart an, kann man kaum glauben, dass hier jeder mind. 100% im Plus ist
![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.296.016 von finanzmarc am 01.06.09 15:55:26Sehe ich das Richtig
ist da noch ein Gap unter zu 3.CAD zu schließen ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.296.041 von BRBa am 01.06.09 15:57:23
Ja ganz richtig. Da laufen wir jetzt heimlich still und leise drauf zu.... bis jahresend haben wir das auch
Ja ganz richtig. Da laufen wir jetzt heimlich still und leise drauf zu.... bis jahresend haben wir das auch
Antwort auf Beitrag Nr.: 37.296.060 von finanzmarc am 01.06.09 15:59:38Marc noch 2Cent und dann gehts losssssssssssssssssssss
![](http://1.1.1.5/bmi/www.cheesebuerger.de/images/more/bigs/e118.gif)
schön
Antwort auf Beitrag Nr.: 37.296.343 von finanzmarc am 01.06.09 16:27:59die 1.71CAD Marke muß fallen und dann
![](http://1.1.1.5/bmi/www.cheesebuerger.de/images/more/bigs/e118.gif)
Antwort auf Beitrag Nr.: 37.296.433 von BRBa am 01.06.09 16:37:20die wissen das auch.denk mal nicht,das die blöde sind da drüben.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.296.433 von BRBa am 01.06.09 16:37:20
Du musst bei der Grafikadresse deiner Smilies vorne etwas wegmachen sonst sehen wir hier nur die URL aber kein Bild...
Nicht so: http://1.1.1.5/bmi/www.cheesebuerger.de/images/more/bigs/e118.gif
sondern so: www.cheesebuerger.de/images/more/bigs/e118.gif
--->
Du musst bei der Grafikadresse deiner Smilies vorne etwas wegmachen sonst sehen wir hier nur die URL aber kein Bild...
Nicht so: http://1.1.1.5/bmi/www.cheesebuerger.de/images/more/bigs/e118.gif
sondern so: www.cheesebuerger.de/images/more/bigs/e118.gif
--->
![](http://www.cheesebuerger.de/images/more/bigs/e118.gif)
Antwort auf Beitrag Nr.: 37.296.456 von finanzmarc am 01.06.09 16:39:31wenigstens einer,der es dem amateur mal beibringt.auf mich hört er ja nicht.
sorry brba der mußte und wollte raus.
sorry brba der mußte und wollte raus.
![](http://www.cheesebuerger.de/images/more/bigs/a084.gif)
Antwort auf Beitrag Nr.: 37.296.503 von BRBa am 01.06.09 16:45:21
Dann bist du auch der einzige, weil du auch als einziger die Quell-Seite deiner Smilies offen hast. Alle anderen können die Smilies aber nicht sehen wenn das "http://1.1.1.5/bmi/" in der URL vorne angefügt ist.
Geh doch mal an einen anderen PC und mach den Thread auf und schaus dir selbst an, das man nix sieht
Dann bist du auch der einzige, weil du auch als einziger die Quell-Seite deiner Smilies offen hast. Alle anderen können die Smilies aber nicht sehen wenn das "http://1.1.1.5/bmi/" in der URL vorne angefügt ist.
Geh doch mal an einen anderen PC und mach den Thread auf und schaus dir selbst an, das man nix sieht
Antwort auf Beitrag Nr.: 37.296.503 von BRBa am 01.06.09 16:45:21hehe da biste aber der einzigste.
wenn´s schon zweie sagen wird wohl was dranne sein.
![](http://www.cheesebuerger.de/images/more/bigs/a065.gif)
wenn´s schon zweie sagen wird wohl was dranne sein.
50.6% von Energybuild gehören Cambrian jetzt der WTN
http://www.mineweb.net/mineweb/view/mineweb/en/page38?oid=84…
Welsh anthracite coal mine rising from the ashes and already in profit
AIM quoted Energybuild is redeveloping old Welsh anthracite mines with a profitable mixture of open pit and underground mining and plans to substantially increase production between now and 2011.
Author: Jackie Steinitz
Posted: Monday , 01 Jun 2009
LONDON, Proactive Investors -
Visitors to Energybuild's (AIM:EBG) coal projects near Neath in West Glamorgan, Wales, UK, will immediately be struck by the uplifting team spirit, by the company's passion for the coal mining heritage of South Wales and by the sense of corporate citizenship which permeates every aspect of the business. They will also quickly become aware of the company's record in making the most of opportunities. It is probably this "seize the day" vision and the hard work and determination of the team which has enabled Energybuild to acquire an estate with a flooded abandoned anthracite mine but huge potential, and to convert it relatively quickly and at low capital cost into a profitable debt-free business which produced just over 100,000 tonnes of coal last year. It is on target to produce 265,000 tonnes this year and, global coal market conditions permitting, will ramp up to 440,000 tonnes in 2010 and 750,000 tonnes by 2011.
The diversified mining group Cambrian Mining Plc [AIM:CBM] provided financial and commercial support to Energybuild in its early days, has a director on its board and currently holds 50.6% of Energybuild's shares. But Cambrian itself is now in the process of being acquired by Western Canadian Coal [AIM:WTN TSX:WTN]; shareholders of both companies will be voting on the acquisition at Special Meetings on 24 June. It is not yet clear what impact this will have on Energybuild, though amongst the hundreds of pages of acquisition documents published by Western Canadian on 25th May there is a 175 page technical report prepared in March by consultants Wardell Armstrong on Energybuild's coal properties in which the first conclusion was that the development and operation of Energybuild's mines is a "very interesting and rewarding mining project and is likely to be so for a considerable time".
Back then to the Energybuild story.
Energybuild's primary assets are now two underground anthracite mines, Aberpergwm and Treforgan, which together host one of Europe's largest deposits of anthracite, the Nant y Mynydd open cast coal mine and sandstone operation, and a coal tip recovery JV project. The mining projects are on neighbouring properties between the Neath and Dulais valleys, some 7 miles from Neath. The tip recovery project is some 20 miles away, near Abertillery.
Both Aberpergwm and Treforgan mines are historic, (Aberpergwm mine was first recorded, though under another name, in 1670), and both were nationalised by the National Coal Board (later British Coal) in 1947. In the 1970s and 1980s British Coal embarked on a programme to develop a mining complex to access and mine the virgin coal seams between the two mines with an annual planned production of 640,000 saleable tonnes. However in 1985 the mines were closed, along with almost all others in the area, as part of the national closure programme following the miner's strike. Rhidian Davies, the current CEO of Energybuild, who comes from a Welsh mining family, cut his teeth in the industry in the late 1970s and early 1980s working on several mines in the locality, including Treforgan itself, so he knew of the potential of the mine.
When the mines were closed the surface infrastructure was demolished, the entrances were sealed and the mines left to flood. Aberpergwm was eventually reopened 11 years later, in 1996, by a subsidiary of Consolidated Coal, with Davies on the board. Over the next seven years, which were a testing and depressed time in the global coal markets, ownership changed hands several times, but along the way programmes were begun to dewater, repair and ventilate the mine.
Meanwhile production began from an open pit above the mine in 2003. Over the next four years Energybuild was incorporated and the company negotiated a number of sales contracts, raised private funds, won grants from the Department of Trade and Industry under the Coal Aid Investment Scheme, obtained planning permits, and acquired options for and a licence to mine Treforgan. It also undertook major mine roadway recovery and repairs, recovered some 7,750 metres of intake and return airways and resumed limited underground coal extraction to offset costs, mostly by extracting remnant pillars of coal, all the while continuing to develop towards the access drifts formerly driven by British Coal. Much of the work was funded by the production of 340,000 tonnes of coal over the period from the open cast mine.
But funding remained one of the key bottlenecks for further development, (the other two being equipment and labour), so in August 2007 Energybuild took advantage of the rising coal prices and listed on AIM to raise £9.7m net of loan repayments and expenses. Its plan was ultimately to develop large scale mining operations in the virgin areas of the Aberpergwm/Treforgan mines by a combination of (a) capital investment in infrastructure, machinery and ventilation, (b) the continuation of drives into the Eighteen Feet Seam and the Nine Feet seams, and (c) the building of a new drift from the surface to facilitate better ventilation, coal clearance and material handling.
Since listing Energybuild has been successful in achieving its targets thus far, completing the drive into the Eighteen Foot Seam on time and on budget in the autumn of 2007, and completing the first air circuit by February 2008 and the second by December of that year. The company's plans were given a particularly significant boost in early 2008 when Tower Colliery, some 6 miles away, was finally exhausted after 203 years of mining and Energybuild was able to recruit approximately 150 ex-Tower miners and acquire Tower's entire pool of equipment for £1.4m. Now all the planned dewatering, ventilation and roadway recovery and repairs are complete, the mining fleet has been expanded, production is fully mechanised and the surface infrastructure has been improved to allow for increased production and manpower. The new drift should be completed in late 2010.
The company became profitable from the beginning of 2008. Full year production for the financial year ending June 2008 totalled over 100,000 tonnes with revenue up 37% to £6.5m and an operating profit of £802,000. In the following six months to December 2008 production from the underground mine, at 65,000 tonnes, was double the production for the full financial year to June 2008, while the 53,000 tonnes produced from the open cast mine was double the equivalent period in 2007. The projects, together with the coal tip recovery JV which began towards the end of 2008, generated a half-year revenue to December 2008 of £9.6m (up year-on-year from £1.4m) while the gross margin rose to £1.7m (compared to the previous year's loss of £113,000).
CURRENT PROJECTS AND FUTURE PLANS
The company is thus now producing high quality low sulphur high calorific content anthracite coal from its underground mine and opencast projects, with steam coal from its tip washing project.
The underground mines at Aberpergym and Treforgan, which together have a proven and probable coal reserve of 7.6 million tonnes, a further measured, indicated and inferred resource of 36.2 million tonnes and an overall in-situ resource of 112.2 million tonnes (according to the AIM admission document).
The open cast activities on the Aberpergym and adjoining estates which have a 25 year surface lease covering 2,428 hectares (24 square kilometres) and all the mineral rights to this land. Open cast coal production on the estate is has been running at a rate of 2,000 tonnes per week and in December 2008 the company also commenced sandstone quarrying operations on the site in a JV with Gerald D. Harris Ltd which serves the dual function of generating revenue while accessing the coal seam below. There is an estimated resource of 800,000 tonnes of high quality sandstone which is ideal for use in road construction. The company is actively seeking further sites on the estate and has a positive record on the restoration and rehabilitation of old derelict sites.
A 50 /50 JV with Coal Recovery Investments (CRI) to recover and wash coal from disused coal tips. The project, which began in late 2008 and is expected to yield over 200,000 tonnes of coal over an 18 month period generated an initial profit of £63,000 for Energybuild in the six months to December 2008.
All the projects are served by excellent road and rail infrastructure, and the marketing arrangements are neatly tied up too. Energybuild has sales contracts with Aberthaw power station (60 miles away by rail) and coal distributor Evans and Reid, while it is in the last stages of negotiating a contract with Corus in Port Talbot. It also sells a small proportion of its premium coal directly to domestic customers.
Energybuild's long term objectives are to achieve accelerating growth and to create shareholder value both through organic growth of its existing operations (with a target of achieving 265,000 tonnes by June 2009, 440,000 tonnes by June 2010 and 750,000 tonnes by June 2011), and through acquisition of additional coal reserves. Its immediate plans are to look for further investments that could improve the mining system, to renew its long term contracts and to obtain planning permission for further open cast activities.
The biggest commercial risk facing the company right now is the price of coal. As Davies points out developing the mine in the midst of global economic meltdown is not ideal. But the price of coal, even though it has halved since its peak last July is still above the assumptions made at listing in 2007. Other risks include the current weakness of the rouble which is making Russian imports attractive, the geological risk of developing into virgin seams, and the requirement for further planning permission.
That said Energybuild has a large number of bull points including:
· The high quality of its anthracite coal which is clean with low sulphur and a high calorific content.
· The size of the in-situ resources, which are one of Europe's largest anthracite deposits.
· The breadth and depth of the experience of the board and management team several of whom have deep and longstanding roots in the Welsh coalmining industry. Rhidian Davies has been involved in local mining for more than 30 years, the Chairman Colin Cooke has expertise in steel and marketing and is the director of a major supplier of conveyor belts, while non-executive director Robert Morgan has been an investor in the company since 2003 and has considerable experience in fund management and the City.
· The quality of the workforce, now 208 strong, up from 73 in the last 18 months
· The financial strength of the company which has little debt and had cash of £3.5m in the bank at December 2008.
· The relatively low capital cost of development in view of the development already undertaken by British Coal and the acquisition of Tower's equipment. Energybuild has also benefited from Coal Aid Investment Grants.
· The excellent transport connections with an ‘A' road to the mine gate and a railhead at Tower colliery 6 miles away. Energybuild is investigating the possibility of a conveyor belt linking directly to a local railhead which might be built with the aid of grants from the Welsh Assembly.
· Energybuild's comprehensive marketing contracts and the ready local market for the coal. Future prospects for UK coal are likely to remain favourable (unless there is a massive swing in exchange rates) in view of rising transport costs which increase the attractiveness of UK coal over imports and the fact that UK infrastructure for importing coal is already at its limits. Moreover there is a threat of an energy deficit in the UK, local production is seen as a strategic resource and the recent energy review by the Welsh assembly highlighted the need for the continued use of coal
· The additional revenue streams from sandstone and coal tip recovery
For shareholders right now the biggest uncertainty is the impact of Western Canadian Coal's acquisition of Cambrian Mining, though to date there has not been any immediate reaction to the May 25th announcement with the share price currently hovering around the 20p mark, valuing the company at £26m.
Energybuild has put in all the groundwork and thus far has succeeded in delivering on its targets. As discussed above there are a number of risks which could deflect the company off course, but for the moment it appears firmly on track for tripling its production of clean anthracite coal, as planned, by 2011.
Published courtesy of Proactive Investors - www.proactiveinvestors.co.uk
http://www.mineweb.net/mineweb/view/mineweb/en/page38?oid=84…
Welsh anthracite coal mine rising from the ashes and already in profit
AIM quoted Energybuild is redeveloping old Welsh anthracite mines with a profitable mixture of open pit and underground mining and plans to substantially increase production between now and 2011.
Author: Jackie Steinitz
Posted: Monday , 01 Jun 2009
LONDON, Proactive Investors -
Visitors to Energybuild's (AIM:EBG) coal projects near Neath in West Glamorgan, Wales, UK, will immediately be struck by the uplifting team spirit, by the company's passion for the coal mining heritage of South Wales and by the sense of corporate citizenship which permeates every aspect of the business. They will also quickly become aware of the company's record in making the most of opportunities. It is probably this "seize the day" vision and the hard work and determination of the team which has enabled Energybuild to acquire an estate with a flooded abandoned anthracite mine but huge potential, and to convert it relatively quickly and at low capital cost into a profitable debt-free business which produced just over 100,000 tonnes of coal last year. It is on target to produce 265,000 tonnes this year and, global coal market conditions permitting, will ramp up to 440,000 tonnes in 2010 and 750,000 tonnes by 2011.
The diversified mining group Cambrian Mining Plc [AIM:CBM] provided financial and commercial support to Energybuild in its early days, has a director on its board and currently holds 50.6% of Energybuild's shares. But Cambrian itself is now in the process of being acquired by Western Canadian Coal [AIM:WTN TSX:WTN]; shareholders of both companies will be voting on the acquisition at Special Meetings on 24 June. It is not yet clear what impact this will have on Energybuild, though amongst the hundreds of pages of acquisition documents published by Western Canadian on 25th May there is a 175 page technical report prepared in March by consultants Wardell Armstrong on Energybuild's coal properties in which the first conclusion was that the development and operation of Energybuild's mines is a "very interesting and rewarding mining project and is likely to be so for a considerable time".
Back then to the Energybuild story.
Energybuild's primary assets are now two underground anthracite mines, Aberpergwm and Treforgan, which together host one of Europe's largest deposits of anthracite, the Nant y Mynydd open cast coal mine and sandstone operation, and a coal tip recovery JV project. The mining projects are on neighbouring properties between the Neath and Dulais valleys, some 7 miles from Neath. The tip recovery project is some 20 miles away, near Abertillery.
Both Aberpergwm and Treforgan mines are historic, (Aberpergwm mine was first recorded, though under another name, in 1670), and both were nationalised by the National Coal Board (later British Coal) in 1947. In the 1970s and 1980s British Coal embarked on a programme to develop a mining complex to access and mine the virgin coal seams between the two mines with an annual planned production of 640,000 saleable tonnes. However in 1985 the mines were closed, along with almost all others in the area, as part of the national closure programme following the miner's strike. Rhidian Davies, the current CEO of Energybuild, who comes from a Welsh mining family, cut his teeth in the industry in the late 1970s and early 1980s working on several mines in the locality, including Treforgan itself, so he knew of the potential of the mine.
When the mines were closed the surface infrastructure was demolished, the entrances were sealed and the mines left to flood. Aberpergwm was eventually reopened 11 years later, in 1996, by a subsidiary of Consolidated Coal, with Davies on the board. Over the next seven years, which were a testing and depressed time in the global coal markets, ownership changed hands several times, but along the way programmes were begun to dewater, repair and ventilate the mine.
Meanwhile production began from an open pit above the mine in 2003. Over the next four years Energybuild was incorporated and the company negotiated a number of sales contracts, raised private funds, won grants from the Department of Trade and Industry under the Coal Aid Investment Scheme, obtained planning permits, and acquired options for and a licence to mine Treforgan. It also undertook major mine roadway recovery and repairs, recovered some 7,750 metres of intake and return airways and resumed limited underground coal extraction to offset costs, mostly by extracting remnant pillars of coal, all the while continuing to develop towards the access drifts formerly driven by British Coal. Much of the work was funded by the production of 340,000 tonnes of coal over the period from the open cast mine.
But funding remained one of the key bottlenecks for further development, (the other two being equipment and labour), so in August 2007 Energybuild took advantage of the rising coal prices and listed on AIM to raise £9.7m net of loan repayments and expenses. Its plan was ultimately to develop large scale mining operations in the virgin areas of the Aberpergwm/Treforgan mines by a combination of (a) capital investment in infrastructure, machinery and ventilation, (b) the continuation of drives into the Eighteen Feet Seam and the Nine Feet seams, and (c) the building of a new drift from the surface to facilitate better ventilation, coal clearance and material handling.
Since listing Energybuild has been successful in achieving its targets thus far, completing the drive into the Eighteen Foot Seam on time and on budget in the autumn of 2007, and completing the first air circuit by February 2008 and the second by December of that year. The company's plans were given a particularly significant boost in early 2008 when Tower Colliery, some 6 miles away, was finally exhausted after 203 years of mining and Energybuild was able to recruit approximately 150 ex-Tower miners and acquire Tower's entire pool of equipment for £1.4m. Now all the planned dewatering, ventilation and roadway recovery and repairs are complete, the mining fleet has been expanded, production is fully mechanised and the surface infrastructure has been improved to allow for increased production and manpower. The new drift should be completed in late 2010.
The company became profitable from the beginning of 2008. Full year production for the financial year ending June 2008 totalled over 100,000 tonnes with revenue up 37% to £6.5m and an operating profit of £802,000. In the following six months to December 2008 production from the underground mine, at 65,000 tonnes, was double the production for the full financial year to June 2008, while the 53,000 tonnes produced from the open cast mine was double the equivalent period in 2007. The projects, together with the coal tip recovery JV which began towards the end of 2008, generated a half-year revenue to December 2008 of £9.6m (up year-on-year from £1.4m) while the gross margin rose to £1.7m (compared to the previous year's loss of £113,000).
CURRENT PROJECTS AND FUTURE PLANS
The company is thus now producing high quality low sulphur high calorific content anthracite coal from its underground mine and opencast projects, with steam coal from its tip washing project.
The underground mines at Aberpergym and Treforgan, which together have a proven and probable coal reserve of 7.6 million tonnes, a further measured, indicated and inferred resource of 36.2 million tonnes and an overall in-situ resource of 112.2 million tonnes (according to the AIM admission document).
The open cast activities on the Aberpergym and adjoining estates which have a 25 year surface lease covering 2,428 hectares (24 square kilometres) and all the mineral rights to this land. Open cast coal production on the estate is has been running at a rate of 2,000 tonnes per week and in December 2008 the company also commenced sandstone quarrying operations on the site in a JV with Gerald D. Harris Ltd which serves the dual function of generating revenue while accessing the coal seam below. There is an estimated resource of 800,000 tonnes of high quality sandstone which is ideal for use in road construction. The company is actively seeking further sites on the estate and has a positive record on the restoration and rehabilitation of old derelict sites.
A 50 /50 JV with Coal Recovery Investments (CRI) to recover and wash coal from disused coal tips. The project, which began in late 2008 and is expected to yield over 200,000 tonnes of coal over an 18 month period generated an initial profit of £63,000 for Energybuild in the six months to December 2008.
All the projects are served by excellent road and rail infrastructure, and the marketing arrangements are neatly tied up too. Energybuild has sales contracts with Aberthaw power station (60 miles away by rail) and coal distributor Evans and Reid, while it is in the last stages of negotiating a contract with Corus in Port Talbot. It also sells a small proportion of its premium coal directly to domestic customers.
Energybuild's long term objectives are to achieve accelerating growth and to create shareholder value both through organic growth of its existing operations (with a target of achieving 265,000 tonnes by June 2009, 440,000 tonnes by June 2010 and 750,000 tonnes by June 2011), and through acquisition of additional coal reserves. Its immediate plans are to look for further investments that could improve the mining system, to renew its long term contracts and to obtain planning permission for further open cast activities.
The biggest commercial risk facing the company right now is the price of coal. As Davies points out developing the mine in the midst of global economic meltdown is not ideal. But the price of coal, even though it has halved since its peak last July is still above the assumptions made at listing in 2007. Other risks include the current weakness of the rouble which is making Russian imports attractive, the geological risk of developing into virgin seams, and the requirement for further planning permission.
That said Energybuild has a large number of bull points including:
· The high quality of its anthracite coal which is clean with low sulphur and a high calorific content.
· The size of the in-situ resources, which are one of Europe's largest anthracite deposits.
· The breadth and depth of the experience of the board and management team several of whom have deep and longstanding roots in the Welsh coalmining industry. Rhidian Davies has been involved in local mining for more than 30 years, the Chairman Colin Cooke has expertise in steel and marketing and is the director of a major supplier of conveyor belts, while non-executive director Robert Morgan has been an investor in the company since 2003 and has considerable experience in fund management and the City.
· The quality of the workforce, now 208 strong, up from 73 in the last 18 months
· The financial strength of the company which has little debt and had cash of £3.5m in the bank at December 2008.
· The relatively low capital cost of development in view of the development already undertaken by British Coal and the acquisition of Tower's equipment. Energybuild has also benefited from Coal Aid Investment Grants.
· The excellent transport connections with an ‘A' road to the mine gate and a railhead at Tower colliery 6 miles away. Energybuild is investigating the possibility of a conveyor belt linking directly to a local railhead which might be built with the aid of grants from the Welsh Assembly.
· Energybuild's comprehensive marketing contracts and the ready local market for the coal. Future prospects for UK coal are likely to remain favourable (unless there is a massive swing in exchange rates) in view of rising transport costs which increase the attractiveness of UK coal over imports and the fact that UK infrastructure for importing coal is already at its limits. Moreover there is a threat of an energy deficit in the UK, local production is seen as a strategic resource and the recent energy review by the Welsh assembly highlighted the need for the continued use of coal
· The additional revenue streams from sandstone and coal tip recovery
For shareholders right now the biggest uncertainty is the impact of Western Canadian Coal's acquisition of Cambrian Mining, though to date there has not been any immediate reaction to the May 25th announcement with the share price currently hovering around the 20p mark, valuing the company at £26m.
Energybuild has put in all the groundwork and thus far has succeeded in delivering on its targets. As discussed above there are a number of risks which could deflect the company off course, but for the moment it appears firmly on track for tripling its production of clean anthracite coal, as planned, by 2011.
Published courtesy of Proactive Investors - www.proactiveinvestors.co.uk
Schön..und bald kommen die zahlen bei WTN![:kiss:](//img.wallstreet-online.de/smilies/kiss.gif)
..CCJ der günstigste Kohle Produzent in der branche zieht nun auch langsam nach.
Schöner Feiertga
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
..CCJ der günstigste Kohle Produzent in der branche zieht nun auch langsam nach.
Schöner Feiertga
der Kurs ist der Hammer![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
kann mir jemand mal erklären was dieser Bericht jetzt genau für uns bedeutet habe leider nicht alles verstanden
danke euch
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
kann mir jemand mal erklären was dieser Bericht jetzt genau für uns bedeutet habe leider nicht alles verstanden
danke euch
Energybuild Group Plc
(Public, LON:EBG)
Marktkapitalisierung ca. 24,7M
Aktienzahl 1,3 M
52 Wochen hoch 32
52 Wochen tief 11
Aktuell 19
(Public, LON:EBG)
Marktkapitalisierung ca. 24,7M
Aktienzahl 1,3 M
52 Wochen hoch 32
52 Wochen tief 11
Aktuell 19
Antwort auf Beitrag Nr.: 37.296.673 von Kambyses am 01.06.09 17:05:51und??? was hat das hier verloren??? bitte um aufklärung!!!
Antwort auf Beitrag Nr.: 37.296.697 von bolst am 01.06.09 17:09:22Blätter eine Seite zurück. 50,6 % der Aktien von Energybuild sind in Besitz von Cambrian. Somit jetzt im Besitz von WTN. Energybuild hat ein Projekt zur Aktivierung von zwei stillgelegten Minen in Wales.
Antwort auf Beitrag Nr.: 37.296.697 von bolst am 01.06.09 17:09:22
*räusper*
50.6% von Energybuild gehören Cambrian jetzt der WTN
Was lernen wir daraus?
- Eigenes Research
- Mit Satzzeichen etwas sparsamer umgehen
![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
*räusper*
50.6% von Energybuild gehören Cambrian jetzt der WTN
Was lernen wir daraus?
- Eigenes Research
- Mit Satzzeichen etwas sparsamer umgehen
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
Antwort auf Beitrag Nr.: 37.296.697 von bolst am 01.06.09 17:09:22Ich würde dir empfehlen News zu lesen. Wenn du schon hier eingestiegen bist, solltest du auch wissen was du da gekauft hast.
Antwort auf Beitrag Nr.: 37.296.755 von finanzmarc am 01.06.09 17:15:24na ihr seit mir lustig eigenes research.bin vor einer stunde erst heim.![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
aber danke für den hinweis.
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
aber danke für den hinweis.
Antwort auf Beitrag Nr.: 37.296.778 von bolst am 01.06.09 17:17:41
Die Übernahme ist aber nicht erst seit heute bekannt.
Ja ich bin gerne lustig
Die Übernahme ist aber nicht erst seit heute bekannt.
Ja ich bin gerne lustig
Antwort auf Beitrag Nr.: 37.296.778 von bolst am 01.06.09 17:17:41Entschuldige. Hier ein Tip. Bei google finance werden die aktuellen news im Chart eingeblendet.
http://www.google.com/finance
http://www.google.com/finance
ihr könnt ja auch mal nen bissl für mich machen.
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.296.814 von BRBa am 01.06.09 17:22:12
man sieht dein bild nicht.....
man sieht dein bild nicht.....
FALSCH: http://1.1.1.3/bmi/www.cheesebuerger.de/images/more/bigs/a065.gif
RICHTIG: www.cheesebuerger.de/images/more/bigs/a065.gif
Du kannst es natürlich einfach so weiter posten, aber dann bist du der einzige der deine smilies sieht. Ich weiß nicht ob du das möchtest.
Is ja auch egal.
RICHTIG: www.cheesebuerger.de/images/more/bigs/a065.gif
Du kannst es natürlich einfach so weiter posten, aber dann bist du der einzige der deine smilies sieht. Ich weiß nicht ob du das möchtest.
Is ja auch egal.
Antwort auf Beitrag Nr.: 37.296.894 von BRBa am 01.06.09 17:35:19
ja klar is das mies mit den links, aber das bekommst schon hin.
ja klar is das mies mit den links, aber das bekommst schon hin.
![](http://cheesebuerger.de/smiliegenerator/vorschau/879768.png)
Antwort auf Beitrag Nr.: 37.296.917 von finanzmarc am 01.06.09 17:38:15die hoffnung hab ich schon aufgegeben.![:laugh:](//img.wallstreet-online.de/smilies/laugh.gif)
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
![](http://www.cheesebuerger.de/images/more/bigs/a176.gif)
Antwort auf Beitrag Nr.: 37.296.951 von bolst am 01.06.09 17:42:33
![](http://www.smilies.4-user.de/include/Sonstige/smilie_sonst_134.gif)
Antwort auf Beitrag Nr.: 37.297.009 von BRBa am 01.06.09 17:53:18geht doch wenn du willst.
sind denn die 15 heute schon um???
sind denn die 15 heute schon um???
NASDAQ Composite Index ----------------------------------------- S&P/TSX Composite Index
Dow Jones --------------------------------------------------------------DAX
Canadian Coking-Coal Shares Up On Strong Chinese Demand
TORONTO (Dow Jones)--Shares of Canada's coal-mining companies are higher Monday after a report said that China is emerging as a major coking coal importer.
In Toronto, Grande Cache Coal Corp. (GCE.T) is up 18 Canadian cents, or 12%, to C$1.67 on 3.6 million shares, while Western Canadian Coal Corp. (WTN.T) is up 14 Canadian cents, or 9.2%, to C$1.66 on 3.5 million shares. Teck Resources Ltd. (TCK), which owns Fording Canadian Coal, is up C$1.45, or 8.5%, to C$18.61 on 5.9 million shares.
Scotia Capital analyst Na Liu said in a research note that China's overall coal imports have increased this year to a record high of 9.16 million metric tons in April, a 3.4-million-ton increase from March.
China has traditionally relied on domestic coking coal for its steel production, but the Scotia Capital report said a number of factors are forcing the country to look to international markets.
The report focuses on the China coal market and doesn't mention any specific Canadian coal companies.
Liu said three main factors are driving the Chinese demand for imported coking coal. The report noted that Chinese production of coking coal has declined after the government closed several small mines due to safety concerns. Liu said these supply constraints have pushed local Chinese spot market prices higher than international prices, making imports the less-expensive option.
Liu also cited the Chinese government's "Revival Plan for the Steel Industry" report, which promoted increased steel production in China's coastal regions. Liu contends that this move towards more facilities on the coast will push more Chinese steelmakers away from the domestic coal producers, and make imported coking coal a more viable alternative.
David Jan, manager of investor relations at Western Canadian Coal, said the increase in demand from China for metallurgical coal is good news for Canadian producers.
"Producers in British Columbia in particular will benefit because we produce high-quality metallurgical coal, and we're very close to the Chinese market," Jan said. Jan said his company started to see an increase in demand for coking coal from China in early 2009.
"In our opinion, China's strong coking-coal import demands are likely to continue, and this year might represent a structural shift in the global coking-coal market, with China becoming a major importer," Liu said.
The Scotia Capital report said China has been sucking up most of the market surplus, but Liu noted that a sustained increase in demand for coking coal and iron ore will only begin once steel mills in the rest of the world begin to increase production.
-Jennifer Walter, Dow Jones Newswires, 416-306-2028 jennifer.walter@dowjones.com
Quelle: http://online.wsj.com/article/BT-CO-20090601-710388.html
TORONTO (Dow Jones)--Shares of Canada's coal-mining companies are higher Monday after a report said that China is emerging as a major coking coal importer.
In Toronto, Grande Cache Coal Corp. (GCE.T) is up 18 Canadian cents, or 12%, to C$1.67 on 3.6 million shares, while Western Canadian Coal Corp. (WTN.T) is up 14 Canadian cents, or 9.2%, to C$1.66 on 3.5 million shares. Teck Resources Ltd. (TCK), which owns Fording Canadian Coal, is up C$1.45, or 8.5%, to C$18.61 on 5.9 million shares.
Scotia Capital analyst Na Liu said in a research note that China's overall coal imports have increased this year to a record high of 9.16 million metric tons in April, a 3.4-million-ton increase from March.
China has traditionally relied on domestic coking coal for its steel production, but the Scotia Capital report said a number of factors are forcing the country to look to international markets.
The report focuses on the China coal market and doesn't mention any specific Canadian coal companies.
Liu said three main factors are driving the Chinese demand for imported coking coal. The report noted that Chinese production of coking coal has declined after the government closed several small mines due to safety concerns. Liu said these supply constraints have pushed local Chinese spot market prices higher than international prices, making imports the less-expensive option.
Liu also cited the Chinese government's "Revival Plan for the Steel Industry" report, which promoted increased steel production in China's coastal regions. Liu contends that this move towards more facilities on the coast will push more Chinese steelmakers away from the domestic coal producers, and make imported coking coal a more viable alternative.
David Jan, manager of investor relations at Western Canadian Coal, said the increase in demand from China for metallurgical coal is good news for Canadian producers.
"Producers in British Columbia in particular will benefit because we produce high-quality metallurgical coal, and we're very close to the Chinese market," Jan said. Jan said his company started to see an increase in demand for coking coal from China in early 2009.
"In our opinion, China's strong coking-coal import demands are likely to continue, and this year might represent a structural shift in the global coking-coal market, with China becoming a major importer," Liu said.
The Scotia Capital report said China has been sucking up most of the market surplus, but Liu noted that a sustained increase in demand for coking coal and iron ore will only begin once steel mills in the rest of the world begin to increase production.
-Jennifer Walter, Dow Jones Newswires, 416-306-2028 jennifer.walter@dowjones.com
Quelle: http://online.wsj.com/article/BT-CO-20090601-710388.html
Antwort auf Beitrag Nr.: 37.299.237 von Easy1000 am 02.06.09 00:46:15
![](http://i41.tinypic.com/xlcf45.gif)
![](http://i39.tinypic.com/348lk4j.gif)
WTN hat gestern ein Neues Jahreshoch gemacht
geht es heute über 1.71CAD werden wir bald die 2.CAD Marke sehen ![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:lick:](//img.wallstreet-online.de/smilies/lick.gif)
aber alles nur Meine Meinung![:)](//img.wallstreet-online.de/smilies/smile.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
aber alles nur Meine Meinung
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/2ly5rwn.gif)
Hier mal die Blocks Trades von gestern ![:)](//img.wallstreet-online.de/smilies/smile.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i39.tinypic.com/opcz68.gif)
Antwort auf Beitrag Nr.: 37.299.935 von BRBa am 02.06.09 09:45:08Sehr schöne Blocktrades vom Merrill Lynch-Fond. ![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
So kann es weitergehen und die Interesse in Canada liegt zu.
Jetzt heisst es zurücklehnen und schauen was sich weiterhin tut.
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
So kann es weitergehen und die Interesse in Canada liegt zu.
Jetzt heisst es zurücklehnen und schauen was sich weiterhin tut.
bin mal gespannt ob die 1.10€ Marke bis 15.30h fällt
wie es hier aussieht fehlt hier nur ein kleiner Funke und schon gehts hier up up
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
Antwort auf Beitrag Nr.: 37.300.412 von Public_Relations am 02.06.09 10:45:48Der link funzt mal wieder nicht, immer dasselbe.
Ihr könnt wenn ihr mal beim Geldzählen eurer Gewinne mit WTN, gerne auch mal eine Kurze Pause einlegen und an Aktionen von http://www.regenwald.org/ teilnehmen. Ne Menge guter Sachen, wo eure Stimme zählt. Wollt ja bestimmt alle mal Nachwuchs haben und die wollen auch noch eine lebenswerte Zukunft haben.
Außerdem sollte man guite Taten nicht vernachlässigen!!!![:)](//img.wallstreet-online.de/smilies/smile.gif)
Das WTN eine Zukunft hat, ist ja sowieso klar.![;)](//img.wallstreet-online.de/smilies/wink.gif)
Public
Ihr könnt wenn ihr mal beim Geldzählen eurer Gewinne mit WTN, gerne auch mal eine Kurze Pause einlegen und an Aktionen von http://www.regenwald.org/ teilnehmen. Ne Menge guter Sachen, wo eure Stimme zählt. Wollt ja bestimmt alle mal Nachwuchs haben und die wollen auch noch eine lebenswerte Zukunft haben.
Außerdem sollte man guite Taten nicht vernachlässigen!!!
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Das WTN eine Zukunft hat, ist ja sowieso klar.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Public
Antwort auf Beitrag Nr.: 37.300.943 von Public_Relations am 02.06.09 11:53:10WESTERN CANADIAN COAL CORP. REGISTERED S·WC9·FRANKFURT
ORDERTIEFE
Anzahl Limit Kauf Verkauf Limit Anzahl
10 000 1,09
1,11 10 000
WESTERN CANADIAN COAL CORP. REGISTERED S·WC9·STUTTGART
ORDERTIEFE
Anzahl Limit Kauf Verkauf Limit Anzahl
12 000 1,07
1,19 10 000
ORDERTIEFE
Anzahl Limit Kauf Verkauf Limit Anzahl
10 000 1,09
1,11 10 000
WESTERN CANADIAN COAL CORP. REGISTERED S·WC9·STUTTGART
ORDERTIEFE
Anzahl Limit Kauf Verkauf Limit Anzahl
12 000 1,07
1,19 10 000
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Hoffe mal das heute die 1,7 genommen werden. Bisher ist wtn im an der marke gescheitert.
Antwort auf Beitrag Nr.: 37.300.412 von Public_Relations am 02.06.09 10:45:48mann oh mann, da macht man mal seine ignoreliste aktuell und löscht einen teil der langen liste und dann...wieder diese ominösen spendenaufrufe von dem user public..
das ist hier ein w:o forum zum thema wtn.
also lassen sie endlich diese spendenaufrufe, die haben hier nichts zu suchen!!
ich bin sicher, das nicht nur ich davon genervt bin.
ich entscheide gerne selber, was ich mit meinen börsengewinnen mache. hinzu kommt, das ich mich erinnern kann, das sie für dieses projekt gearbeitet haben, jedenfalls haben sie das hier mal ausführlich berichtet. verdienen sie an diesem projekt bzw. an den spenden oder warum muß hier jeder ihre spendenaufrufe ertragen?
ich meine es diesmal so ernst, das ich das auch melden werde, wenn sie damit nicht aufhören!
allen wtn interessierten weiterhin gute gechäfte und gewinne!!
gruß
schwungkraft
das ist hier ein w:o forum zum thema wtn.
also lassen sie endlich diese spendenaufrufe, die haben hier nichts zu suchen!!
ich bin sicher, das nicht nur ich davon genervt bin.
ich entscheide gerne selber, was ich mit meinen börsengewinnen mache. hinzu kommt, das ich mich erinnern kann, das sie für dieses projekt gearbeitet haben, jedenfalls haben sie das hier mal ausführlich berichtet. verdienen sie an diesem projekt bzw. an den spenden oder warum muß hier jeder ihre spendenaufrufe ertragen?
ich meine es diesmal so ernst, das ich das auch melden werde, wenn sie damit nicht aufhören!
allen wtn interessierten weiterhin gute gechäfte und gewinne!!
gruß
schwungkraft
Antwort auf Beitrag Nr.: 37.301.930 von schwungkraft am 02.06.09 14:05:14dieses Posting war doch gar nicht direkt an Dich gerichtet ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
Mann o Mann mußt Du Probleme haben![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
![:rolleyes:](//img.wallstreet-online.de/smilies/rolleyes.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Mann o Mann mußt Du Probleme haben
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Chinese demand may tighten global coking coal trade - Analyst
Tuesday, 02 Jun 2009
Reuters quoted Mr Na Liu an analyst with Scotia Capital said in a research note that China is becoming a major coking coal importer and as a result the global market might face tightness once demand from the rest of the world increases.
Mr Na Liu said "When end users of steel in the rest of the world finish de-stocking and begin to restock, global steel mills will likely find that China's market shares for coking coal and iron ore have increased by such a big margin in the past few months that there is no excess left. He said that China's strong coking coal import demands are likely to continue, and this year might represent a structural shift in the global coking coal market, with China becoming a major importer."
Mr Liu said domestic supply has been constrained as the government continues to close small mines due to safety concerns, which has pushed Chinese prices to a premium over the international market, encouraging imports. He said that Chinese demand for imported coking coal was likely to increase because the government is pushing steel firms to relocate production to coastal areas, where imports will be within easy reach.”
Mr Liu said "What China has done so far in this downturn is suck up most of the market surplus and lay a solid foundation for a potential bull market. That said, the real bullish trend for both coking coal and iron ore will only start when steel mills in the rest of the world begin to ramp up production. But without improved demand from the rest of the world, China alone could not ignite a bullish global coking coal market.”
Mr Liu noted that China's iron ore imports also hit record highs in the past few months, but so far it has failed to trigger a full-fledged bull market, as steel plants are running at less than 50 percent capacity in the rest of the world.
http://steelguru.com/news/index/2009/06/02/OTY3NTU%3D/Chines…
Tuesday, 02 Jun 2009
Reuters quoted Mr Na Liu an analyst with Scotia Capital said in a research note that China is becoming a major coking coal importer and as a result the global market might face tightness once demand from the rest of the world increases.
Mr Na Liu said "When end users of steel in the rest of the world finish de-stocking and begin to restock, global steel mills will likely find that China's market shares for coking coal and iron ore have increased by such a big margin in the past few months that there is no excess left. He said that China's strong coking coal import demands are likely to continue, and this year might represent a structural shift in the global coking coal market, with China becoming a major importer."
Mr Liu said domestic supply has been constrained as the government continues to close small mines due to safety concerns, which has pushed Chinese prices to a premium over the international market, encouraging imports. He said that Chinese demand for imported coking coal was likely to increase because the government is pushing steel firms to relocate production to coastal areas, where imports will be within easy reach.”
Mr Liu said "What China has done so far in this downturn is suck up most of the market surplus and lay a solid foundation for a potential bull market. That said, the real bullish trend for both coking coal and iron ore will only start when steel mills in the rest of the world begin to ramp up production. But without improved demand from the rest of the world, China alone could not ignite a bullish global coking coal market.”
Mr Liu noted that China's iron ore imports also hit record highs in the past few months, but so far it has failed to trigger a full-fledged bull market, as steel plants are running at less than 50 percent capacity in the rest of the world.
http://steelguru.com/news/index/2009/06/02/OTY3NTU%3D/Chines…
NASDAQ Composite Index ----------------------------------------- S&P/TSX Composite Index
Dow Jones --------------------------------------------------------------DAX
Antwort auf Beitrag Nr.: 37.301.974 von BRBa am 02.06.09 14:12:35stimmt, das war kein an mich direkt gerichtetes posting.
ich bleibe aber dabei, das spendenaufrufe für irgendwelche projekte, an denen man selber, in welcher form auch immer, mitgearbeitet hat oder es noch macht, in einem börsenforum nichts zu suchen haben.
mal ein hinweis mag ja ok sein, aber bitte nicht ständig bzw. immer wieder.
von mir aus kannst du das gerne anders sehen. ich schätze die meinungsfreiheit im netz!
bei der gelegenheit ein sorry fürs kurzzeitige "am thema vorbei" und ein dank an die, die hier infos zum thema bereitstellen, also auch an dich![:keks:](//img.wallstreet-online.de/smilies/keks.gif)
gruß
schwungkraft
ich bleibe aber dabei, das spendenaufrufe für irgendwelche projekte, an denen man selber, in welcher form auch immer, mitgearbeitet hat oder es noch macht, in einem börsenforum nichts zu suchen haben.
mal ein hinweis mag ja ok sein, aber bitte nicht ständig bzw. immer wieder.
von mir aus kannst du das gerne anders sehen. ich schätze die meinungsfreiheit im netz!
bei der gelegenheit ein sorry fürs kurzzeitige "am thema vorbei" und ein dank an die, die hier infos zum thema bereitstellen, also auch an dich
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
gruß
schwungkraft
Antwort auf Beitrag Nr.: 37.302.514 von schwungkraft am 02.06.09 15:20:50Eröffne deine eigenen Threads und pöbel dort die Leute voll. Wenn du noch soviele Beiträge zum Wert posten möchtest, wie ich es schon getan habe, solltest du endlich damit anfangen!
Solltest du hier weiter aus der Rolle fallen, sind es die User, die du vermeintlich kritisierst, die deine Sperre beantragen werden.
Solltest du hier weiter aus der Rolle fallen, sind es die User, die du vermeintlich kritisierst, die deine Sperre beantragen werden.
Antwort auf Beitrag Nr.: 37.301.974 von BRBa am 02.06.09 14:12:35Mann o Mann mußt Du Probleme haben
Dachte ich auch, als ich das gelesen habe.
Dachte ich auch, als ich das gelesen habe.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
Antwort auf Beitrag Nr.: 37.302.730 von Public_Relations am 02.06.09 15:40:18schon interessant, wie sie reagieren. habe ich da etwa einen wunden punkt bei ihnen getroffen?
soweit ich mich erinnern kann, haben sie scheinbar ein grundsätzliches problem mit leuten, die nicht ihrer meinung sind. das ist mir auch schon in einem anderen thread aufgefallen..
in diesem sinne beantragen sie ruhig meine sperrung. ich bin da sehr entspannt und wir werden ja sehen, wie das ausgeht![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
gruß
schwungkraft
ps.
kleiner tip von mir: vor antragstellung die boardregeln lesen
soweit ich mich erinnern kann, haben sie scheinbar ein grundsätzliches problem mit leuten, die nicht ihrer meinung sind. das ist mir auch schon in einem anderen thread aufgefallen..
in diesem sinne beantragen sie ruhig meine sperrung. ich bin da sehr entspannt und wir werden ja sehen, wie das ausgeht
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
gruß
schwungkraft
ps.
kleiner tip von mir: vor antragstellung die boardregeln lesen
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.303.008 von schwungkraft am 02.06.09 16:03:38Es einen wunden Punkt zu nennen, sich für soziale und Umweltprojekte zu engagieren, ist meiner Meinung nach ein Fall für den Psychiater.
![:keks:](http://img.wallstreet-online.de/smilies/keks.gif)
ab 1.71CAD Ausbruch ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
26 600 1,68 1,69 32 300
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
26 600 1,68 1,69 32 300
Antwort auf Beitrag Nr.: 37.303.074 von BRBa am 02.06.09 16:08:33RT 1,69 CAD
Antwort auf Beitrag Nr.: 37.303.088 von Public_Relations am 02.06.09 16:09:47gleich kommt der Knallllllllllllllllllllllllll ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:lick:](//img.wallstreet-online.de/smilies/lick.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
32 400 1,68 1,69 22 400
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
![:lick:](http://img.wallstreet-online.de/smilies/lick.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
32 400 1,68 1,69 22 400
![:kiss:](http://img.wallstreet-online.de/smilies/kiss.gif)
Antwort auf Beitrag Nr.: 37.303.133 von BRBa am 02.06.09 16:13:35hat sich aber schon jetzt richtig gelohnt ![;)](//img.wallstreet-online.de/smilies/wink.gif)
geteilte freude ist doppelte freude.
![;)](http://img.wallstreet-online.de/smilies/wink.gif)
geteilte freude ist doppelte freude.
![:laugh:](http://img.wallstreet-online.de/smilies/laugh.gif)
Antwort auf Beitrag Nr.: 37.303.163 von Public_Relations am 02.06.09 16:15:31PR schöner blauer Balken ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
großer Block ist weg!
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt
Antwort auf Beitrag Nr.: 37.303.455 von oddl84 am 02.06.09 16:42:06jetzt muß aber der Deckel bei 1.70CAD weg ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
35 200 1,69 1,70 99 900
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
ORDERTIEFE
Anzahl Kauf Verkauf Anzahl
35 200 1,69 1,70 99 900
Antwort auf Beitrag Nr.: 37.303.455 von oddl84 am 02.06.09 16:42:06Jetzt kaufen die Fonds wieder ein siehe RT- Chart ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Antwort auf Beitrag Nr.: 37.303.478 von BRBa am 02.06.09 16:44:00Jetzt bin ich aber mal gespannt... die 1,71$ haben wir nu ja!!
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt
Antwort auf Beitrag Nr.: 37.303.544 von oddl84 am 02.06.09 16:49:14und in Deutschland kein Handel :O
Antwort auf Beitrag Nr.: 37.303.583 von BRBa am 02.06.09 16:53:54ist doch egal, Kurs wird in Can gemacht!
!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt
<div style="border: 1px solid #000;"
@all Guten Abend,
da es hier im Thread in der Vergangenheit zu zahlreichen Eskalationen kam,
die für die Moderation mit erheblicher Mehrarbeit verbunden waren, behalten wir es uns vor,
alle User-Beiträge, die das Sachthema verfehlen, als Spam und damit regelwidrig aufzufassen.
Ein solcher Regelverstoß liegt insbesondere dann vor, wenn
1. ...ein Beitrag keinen deutlich erkennbaren Bezug zur Aktie, zum Kurs, zum Unternehmen
oder damit verbundenen Bewertungsaspekten herstellt.
2. ...ein Beitrag persönliche Angriffe enthält. Im Zweifelsfall wird berücksichtigt, ob sich ein User
eskalierend verhält oder die Diskussion versachlicht, ob er persönlich-aggressiv schreibt oder höflich.
3. ...der Beitragsschreiber versucht, anderen Usern seine eigene Meinung aufzuzwingen,
beispielsweise durch phrasenhafte Wiederholungen und sonstige Spamtexte.
Entsprechende Beiträge sind generell von Löschung bedroht. Auch Beiträge, die sich auf inzwischen gelöschte Postings beziehen,
werden wir ggf. entfernen, um den Diskussionszusammenhang zu bewahren.
Wir erhoffen uns damit auf Dauer eine sachlichere und angenehme Diskussionsatmosphäre.
User, die uns Mehrarbeit in den Punkten 1.-3. machen oder sonstige Verstöße gegen das WO-Regelwerk
begehen, werden von der Diskussion ausgeschlossen.
MfG MaatMOD </div>
@all Guten Abend,
da es hier im Thread in der Vergangenheit zu zahlreichen Eskalationen kam,
die für die Moderation mit erheblicher Mehrarbeit verbunden waren, behalten wir es uns vor,
alle User-Beiträge, die das Sachthema verfehlen, als Spam und damit regelwidrig aufzufassen.
Ein solcher Regelverstoß liegt insbesondere dann vor, wenn
1. ...ein Beitrag keinen deutlich erkennbaren Bezug zur Aktie, zum Kurs, zum Unternehmen
oder damit verbundenen Bewertungsaspekten herstellt.
2. ...ein Beitrag persönliche Angriffe enthält. Im Zweifelsfall wird berücksichtigt, ob sich ein User
eskalierend verhält oder die Diskussion versachlicht, ob er persönlich-aggressiv schreibt oder höflich.
3. ...der Beitragsschreiber versucht, anderen Usern seine eigene Meinung aufzuzwingen,
beispielsweise durch phrasenhafte Wiederholungen und sonstige Spamtexte.
Entsprechende Beiträge sind generell von Löschung bedroht. Auch Beiträge, die sich auf inzwischen gelöschte Postings beziehen,
werden wir ggf. entfernen, um den Diskussionszusammenhang zu bewahren.
Wir erhoffen uns damit auf Dauer eine sachlichere und angenehme Diskussionsatmosphäre.
User, die uns Mehrarbeit in den Punkten 1.-3. machen oder sonstige Verstöße gegen das WO-Regelwerk
begehen, werden von der Diskussion ausgeschlossen.
MfG MaatMOD </div>
!
Dieser Beitrag wurde moderiert. !
Dieser Beitrag wurde moderiert. !
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt
teufel noch mal.die wollen die nicht über die 1,70 lassen.damn
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
Antwort auf Beitrag Nr.: 37.304.044 von bolst am 02.06.09 17:42:52jetzt haben Sie noch mal die 200TL + das BB getestet ![:)](//img.wallstreet-online.de/smilies/smile.gif)
bleib doch einfach ruhig
das wir heute noch ![:cool:](//img.wallstreet-online.de/smilies/cool.gif)
Schau Dir die blauen Balken an
da sammeln keine Kleinanleger sondern Fonds ein
das wirst Du nach Börsenschluß auch bei den Block Trades sehen
Das ist aber alles nur meine Meinung
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
bleib doch einfach ruhig
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Schau Dir die blauen Balken an
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:cool:](http://img.wallstreet-online.de/smilies/cool.gif)
Das ist aber alles nur meine Meinung
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Antwort auf Beitrag Nr.: 37.304.192 von BRBa am 02.06.09 18:04:41du bei wtn bin ich sowas von gelassen.ich wünschte ich könnte das von anderen invests auch sagen.
bin hier doch auch sehr entspannt, die Ampeln für die Kokskohle stehen wohl auf grün und meine restlichen 5500 Stücke sind Reingewinne
das wird
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
sieht so aus das wir heute auf TH schließen ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:rolleyes:](http://img.wallstreet-online.de/smilies/rolleyes.gif)
Antwort auf Beitrag Nr.: 37.305.710 von BRBa am 02.06.09 21:01:41stimme dir zu lieber BRBa
Antwort auf Beitrag Nr.: 37.300.943 von Public_Relations am 02.06.09 11:53:10Die sich ständig wiederholenden Spendenaufrufe dieses users sind off-topic und haben in diesem Thread absolut nichts zu suchen!
Antwort auf Beitrag Nr.: 37.305.926 von JoJo2006 am 02.06.09 21:23:45Naja der gute Public hat aber als WTN noch unbekannt war sehr gute Arbeit geleistet, dann sei ihm das auch vergönnt.
Antwort auf Beitrag Nr.: 37.305.998 von oddl84 am 02.06.09 21:30:08so ist es
aber Gute Arbeit wird hier bei WO nicht gedankt
sondern man sucht lieber das Haar in der Suppe
![:look:](http://img.wallstreet-online.de/smilies/look.gif)
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
Antwort auf Beitrag Nr.: 37.306.135 von BRBa am 02.06.09 21:41:41Richtig.
TH wird wohl doch nichts...
TH wird wohl doch nichts...
Antwort auf Beitrag Nr.: 37.306.212 von oddl84 am 02.06.09 21:47:59... aber die gekauften Blöcke sind schön (groß)
Antwort auf Beitrag Nr.: 37.306.231 von oddl84 am 02.06.09 21:48:59Guten Morgen oddl ![:look:](//img.wallstreet-online.de/smilies/look.gif)
Sollte gestern wohl nicht sein das wir auf TH schließen
bin aber für heute weiter sehr positiv eingestimmt![:)](//img.wallstreet-online.de/smilies/smile.gif)
Broker TD Sec hatte mal wieder was dagegen aber das kennen wir ja schon
Das selbe Spiel hatte wir ja schon mal als WTN noch unter 0.50CAD stand !!
![:look:](http://img.wallstreet-online.de/smilies/look.gif)
Sollte gestern wohl nicht sein das wir auf TH schließen
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Broker TD Sec hatte mal wieder was dagegen aber das kennen wir ja schon
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![](http://i44.tinypic.com/23m4fgh.gif)
Antwort auf Beitrag Nr.: 37.306.231 von oddl84 am 02.06.09 21:48:59nur zur Info ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
Stellt keine Kauf- oder Verkaufsempfehlung da sondern spiegelt nur die Meinung von barchart.com wieder![:)](//img.wallstreet-online.de/smilies/smile.gif)
Quelle: http://quote.barchart.com/texpert.asp?sym=WTN.TO
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Stellt keine Kauf- oder Verkaufsempfehlung da sondern spiegelt nur die Meinung von barchart.com wieder
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Quelle: http://quote.barchart.com/texpert.asp?sym=WTN.TO
![](http://i39.tinypic.com/29zwkls.gif)
Könnte es sein, dass der Kurs erst richtig steigen darf,
wenn der Aktientausch über die Bühne ist
wenn der Aktientausch über die Bühne ist
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.308.692 von saarwebweb am 03.06.09 10:43:41spielt eigentlich keine Rolle mehr nachdem das Angebot nun steht...
die 1,10-€ wollte ich eigentlich nicht mehr unterschreiten
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
Habe ich gerade als Newsletter erhalten
was haltet Ihr davon ??!
nur zur Info![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
Stellt keine Kauf- oder Verkaufsempfehlung da sondern spiegelt nur die Meinung von Frankiy.de Charts wieder !!!
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
nur zur Info
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Stellt keine Kauf- oder Verkaufsempfehlung da sondern spiegelt nur die Meinung von Frankiy.de Charts wieder !!!
![](http://i44.tinypic.com/ng1pgj.jpg)
Wäre schön heute wenigstens die 1,6$ zu halten. Ein 250k Block ist heut auch wieder raus.
Allerdings scheinen wir mittlerweile einfach auch langsam auf eine (Zwischen-)Korrektur zu zu gehen... berechtigter Weise.
Allerdings scheinen wir mittlerweile einfach auch langsam auf eine (Zwischen-)Korrektur zu zu gehen... berechtigter Weise.
Antwort auf Beitrag Nr.: 37.312.494 von oddl84 am 03.06.09 17:43:32... natürlich alle Märkte betreffend nicht speziell WTN
Wie hoch ist die Wahrscheinlichkeit das so ein Chart recht hat???Hab zu wenig Plan von Chartanalyse
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Antwort auf Beitrag Nr.: 37.312.817 von tanja2-2 am 03.06.09 18:19:29Hallo Tanja
hängt natürlich auch von anderen Faktoren ab ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
wie z.B Newslage/ Marktumfeld / Kaufinteresse u.s.w.
Bei diesem Marktumfeld ist nicht nur WTN gefallen
sondern auch viele andere Aktien wie z.B. OPC / BNK / BQI / DML / Xe u.v.m.
Gruß BRBa
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
wie z.B Newslage/ Marktumfeld / Kaufinteresse u.s.w.
Bei diesem Marktumfeld ist nicht nur WTN gefallen
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
Gruß BRBa
hätt mich auch gewundert wenn hier mal keine Gewinnmitnahme kommen würden.
Bei dem Verlauf eher positiv zu sehen.
Bin mal gespannt wann die Produktion wieder erhöht wird und dazu eine Meldung erscheint???
Bei dem Verlauf eher positiv zu sehen.
Bin mal gespannt wann die Produktion wieder erhöht wird und dazu eine Meldung erscheint???
Antwort auf Beitrag Nr.: 37.315.104 von algodyne am 03.06.09 22:09:33Verkäufer und Käufer der selbe Broker das sagt schon alles aus ![:D](//img.wallstreet-online.de/smilies/biggrin.gif)
![:D](http://img.wallstreet-online.de/smilies/biggrin.gif)
![](http://i42.tinypic.com/2lsw5tz.gif)
China’s Australian Coking Coal Imports to Surge, Felix CEO Says
By Jesse Riseborough
June 3 (Bloomberg) -- Australian coking coal exports to China, the world’s biggest consumer of the fuel, may surge this year after price declines make them cheaper than some domestic supplies, according to producer Felix Resources Ltd.
Australia’s exports may jump more than tenfold this year to about 20 million metric tons, from an average of between 1 to 2 million tons a year previously, Brian Flannery, chief executive officer of Felix, said today by phone. Japan is traditionally Australia’s biggest export market for coking coal as China has primarily sourced supplies from domestic mines.
China’s imports of coal from Australia jumped 15-fold in April amid a government plan to build stockpiles to ensure supplies and help stabilize prices. Macarthur Coal Ltd., the world’s biggest exporter of pulverized coal used in steelmaking, is fielding increasing inquiries from China, Chief Development Officer Shane Stephan said today by phone.
“We historically have never sold coal into China at all and just since February there has been increasing levels of inquiry from China,” Stephan said. “That’s the major change. From time-to-time China has imported thermal coal from Australia but this is really the first time that it has imported significant quantities of metallurgical coal from Australia.”
Felix rose 2.5 percent to A$13.78 at the 4:10 p.m. Sydney time close on the Australian stock exchange. Macarthur jumped 3.8 percent to A$6.92.
Contract Prices
Annual coking coal contract prices fell 57 percent to about $129 a ton this year as global demand for the steelmaking raw material slumped. Chinese domestic coal prices were about 1,035 yuan ($152) a ton in May, according to McCloskey Group Ltd. prices.
China is spending 4 trillion yuan ($586 billion) to support the economy by building infrastructure, stimulating demand for steel and other metals. Total coal imports into China tripled in April to 9.2 million tons, from a year earlier, according to customs data. Australian imports made up more than a third with 3.3 million tons shipped.
“The Chinese have been pretty active, probably taking up some of the slack that we’ve seen coming out of Japan and other customers,” Felix’s Flannery said. “We are getting a lot of inquiries. We are negotiating all the time with a number of steel mills about additional shipments.”
To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net
Last Updated: June 3, 2009 04:17 EDT
By Jesse Riseborough
June 3 (Bloomberg) -- Australian coking coal exports to China, the world’s biggest consumer of the fuel, may surge this year after price declines make them cheaper than some domestic supplies, according to producer Felix Resources Ltd.
Australia’s exports may jump more than tenfold this year to about 20 million metric tons, from an average of between 1 to 2 million tons a year previously, Brian Flannery, chief executive officer of Felix, said today by phone. Japan is traditionally Australia’s biggest export market for coking coal as China has primarily sourced supplies from domestic mines.
China’s imports of coal from Australia jumped 15-fold in April amid a government plan to build stockpiles to ensure supplies and help stabilize prices. Macarthur Coal Ltd., the world’s biggest exporter of pulverized coal used in steelmaking, is fielding increasing inquiries from China, Chief Development Officer Shane Stephan said today by phone.
“We historically have never sold coal into China at all and just since February there has been increasing levels of inquiry from China,” Stephan said. “That’s the major change. From time-to-time China has imported thermal coal from Australia but this is really the first time that it has imported significant quantities of metallurgical coal from Australia.”
Felix rose 2.5 percent to A$13.78 at the 4:10 p.m. Sydney time close on the Australian stock exchange. Macarthur jumped 3.8 percent to A$6.92.
Contract Prices
Annual coking coal contract prices fell 57 percent to about $129 a ton this year as global demand for the steelmaking raw material slumped. Chinese domestic coal prices were about 1,035 yuan ($152) a ton in May, according to McCloskey Group Ltd. prices.
China is spending 4 trillion yuan ($586 billion) to support the economy by building infrastructure, stimulating demand for steel and other metals. Total coal imports into China tripled in April to 9.2 million tons, from a year earlier, according to customs data. Australian imports made up more than a third with 3.3 million tons shipped.
“The Chinese have been pretty active, probably taking up some of the slack that we’ve seen coming out of Japan and other customers,” Felix’s Flannery said. “We are getting a lot of inquiries. We are negotiating all the time with a number of steel mills about additional shipments.”
To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net
Last Updated: June 3, 2009 04:17 EDT
Antwort auf Beitrag Nr.: 37.312.501 von oddl84 am 03.06.09 17:44:29hier der Block Trades von gestern ![:)](//img.wallstreet-online.de/smilies/smile.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
![](http://i44.tinypic.com/2cwsxhw.gif)
TD Securities Inc. ist mir leider auch schon bei WTN negativ aufgefallen ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
![:mad:](//img.wallstreet-online.de/smilies/mad.gif)
![:cry:](//img.wallstreet-online.de/smilies/cry.gif)
Toronto-Dominion Traders Probed Over Opti Rumors, Globe Says
Share | Email | Print | A A A
By Sean B. Pasternak
June 3 (Bloomberg) -- The U.S. Financial Industry Regulatory Authority is investigating allegations that a group of traders at Toronto-Dominion Bank improperly passed on rumors about a stock to clients, the Globe and Mail reported, citing unidentified people.
Canada’s second-largest bank by assets suspended four employees about nine weeks ago after a client contacted the company’s compliance department, the newspaper said. An analyst allegedly e-mailed a market rumor about Opti Canada Inc. to the bank’s New York trading desk, which then passed along the information to institutional clients, the Globe said. Calgary- based Opti, whose shares have almost doubled this year, hired Toronto-Dominion last year to advise on funding options, the paper said.
Three of the suspended employees worked in the New York sales and trading team at TD Securities Inc. and one works in the Canadian research unit.
A spokeswoman at Toronto-Dominion declined to discuss specific details of the investigation, the newspaper said. Bank spokeswoman Simone Philogène didn’t immediately return a phone call placed by Bloomberg News before regular business hours.
To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.
Last Updated: June 3, 2009 07:24 EDT
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
Toronto-Dominion Traders Probed Over Opti Rumors, Globe Says
Share | Email | Print | A A A
By Sean B. Pasternak
June 3 (Bloomberg) -- The U.S. Financial Industry Regulatory Authority is investigating allegations that a group of traders at Toronto-Dominion Bank improperly passed on rumors about a stock to clients, the Globe and Mail reported, citing unidentified people.
Canada’s second-largest bank by assets suspended four employees about nine weeks ago after a client contacted the company’s compliance department, the newspaper said. An analyst allegedly e-mailed a market rumor about Opti Canada Inc. to the bank’s New York trading desk, which then passed along the information to institutional clients, the Globe said. Calgary- based Opti, whose shares have almost doubled this year, hired Toronto-Dominion last year to advise on funding options, the paper said.
Three of the suspended employees worked in the New York sales and trading team at TD Securities Inc. and one works in the Canadian research unit.
A spokeswoman at Toronto-Dominion declined to discuss specific details of the investigation, the newspaper said. Bank spokeswoman Simone Philogène didn’t immediately return a phone call placed by Bloomberg News before regular business hours.
To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.
Last Updated: June 3, 2009 07:24 EDT
war es das jetzt erstmal mit der Reise Richtung Norden !? ![:confused:](//img.wallstreet-online.de/smilies/confused.gif)
Es gehen ja alle Explorer wieder in die Knie,
oder ist es eine kleine Korrektur. Wissen tut es bestimmt niemand. Ich gehe davon aus, dass wir diese Woche kein grün mehr sehen. Nur meine Meinung.
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Es gehen ja alle Explorer wieder in die Knie,
![:cry:](http://img.wallstreet-online.de/smilies/cry.gif)
![:(](http://img.wallstreet-online.de/smilies/frown.gif)
hier ist noch Luft nach unten denke ich zumindest.
Antwort auf Beitrag Nr.: 37.316.178 von x1Holger am 04.06.09 08:21:54WTN war nicht die einzige Aktie die gestern gefallen ist ![:eek:](//img.wallstreet-online.de/smilies/eek.gif)
http://www.stockhouse.com/tools/?page=%2FfinancialTools%2Flo…
![:eek:](http://img.wallstreet-online.de/smilies/eek.gif)
http://www.stockhouse.com/tools/?page=%2FfinancialTools%2Flo…
Antwort auf Beitrag Nr.: 37.316.287 von BRBa am 04.06.09 08:43:02recht hast du ja, doch nach unten ist es doch lange genug gegangen, und man weiß ja nicht wie weit die Reise geht. ![:confused:](//img.wallstreet-online.de/smilies/confused.gif)
Wann steigt man aus oder wann kauft man nach ???
Geht man komplett raus, um eventuell weiter unten wieder einzusteigen ???
Fragen über Fragen, aber keiner weiß es wie man es richtig macht.
Ich habe schon ein paar Invests gehabt wo ich einen EK von 0,67-€ hatte und habe gehalten bis 0,03-€ und habe nachgekauft um meinen EK runter zu bringen. Doch jetzt steht man dort immer noch bei 0,051-€
Kaum Handel, kein Interesse und wenig bzw. gar keine News vom Unternehmen. Da habe ich auch zu lange gewartet mit dem Verkauf und sitze auf enormen Verlusten. Den Fehler wollte ich eigentlich nicht mehr machen, man wird vorsichtiger. Ich bin zwar hier noch gut im Plus doch ich ich werde auf keinen Fall halten bis ich wieder bei -30% bin oder -84% .
Da gehe ich doch etwas über meinem EK raus und versuche weiter unten wieder einzusteigen, aber keine Ahnung ob es klappt. Doch hier müßte sich der Kurs fast halbieren damit ich meinen EK habe. ![:)](//img.wallstreet-online.de/smilies/smile.gif)
Wir sind halt lange genug geprügelt worden, daher sind grüne Tage bzw. Wochen wie Balsam auf der Seele.![:)](//img.wallstreet-online.de/smilies/smile.gif)
Nur meine Meinung
![:confused:](http://img.wallstreet-online.de/smilies/confused.gif)
Wann steigt man aus oder wann kauft man nach ???
Geht man komplett raus, um eventuell weiter unten wieder einzusteigen ???
Fragen über Fragen, aber keiner weiß es wie man es richtig macht.
Ich habe schon ein paar Invests gehabt wo ich einen EK von 0,67-€ hatte und habe gehalten bis 0,03-€ und habe nachgekauft um meinen EK runter zu bringen. Doch jetzt steht man dort immer noch bei 0,051-€
Kaum Handel, kein Interesse und wenig bzw. gar keine News vom Unternehmen. Da habe ich auch zu lange gewartet mit dem Verkauf und sitze auf enormen Verlusten. Den Fehler wollte ich eigentlich nicht mehr machen, man wird vorsichtiger. Ich bin zwar hier noch gut im Plus doch ich ich werde auf keinen Fall halten bis ich wieder bei -30% bin oder -84% .
![:mad:](http://img.wallstreet-online.de/smilies/mad.gif)
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Wir sind halt lange genug geprügelt worden, daher sind grüne Tage bzw. Wochen wie Balsam auf der Seele.
![:)](http://img.wallstreet-online.de/smilies/smile.gif)
Nur meine Meinung
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