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Geo Energy Res
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To Revalue Geo
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Dallan
Member |
22-Sep-2023 08:26
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Hydropower generation in Asia has plunged at the fastest rate in decades amid sharp declines in China and India, data shows, forcing power regulators battling volatile electricity demand and erratic weather to rely more on fossil fuels.
......... ......... China's hydroelectricity generation during the eight months ended August declined at the sharpest rate since at least 1989, falling 15.9%, an analysis of National Bureau of Statistics data showed. ........ China made up for the hydro shortfall and higher power demand mainly by increasing electricity generation from fossil fuels by 6.1% in the eight months through August, while India boosted fossil fuel-fired power output by 12.4%, data showed. |
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Ayamas
Senior |
21-Sep-2023 23:54
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Wah short sellers are really back. 3.3mil short sell today. Someone is really trying to control this share price! | ||||||||||||||||||||
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Ayamas
Senior |
21-Sep-2023 17:08
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Wah why don' t average down a bit. 
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yoga123
Elite |
21-Sep-2023 13:43
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Exactly, I am still holding mine at 0.455 so just continue to hold and collect dividends. 👍
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tccroy
Elite |
21-Sep-2023 11:33
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Even though it is dropping, I have placed a buy order at 22 for 80,000 shares. But I know I cannot get it.
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pursuer76
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21-Sep-2023 10:53
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Cos oil price and most mkts down + panickers who bought at 225 now despo to sell liao. I' m still holding on. Just like a forummer said, now sell suffer heavy losses might as well just hold and collect dividends.
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Ayamas
Senior |
21-Sep-2023 10:34
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On short sellers are back zzz | ||||||||||||||||||||
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Ayamas
Senior |
20-Sep-2023 18:20
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Everyday ding dong...sian. are the short sellers back?
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ozone2002
Supreme |
20-Sep-2023 14:01
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Latest price for m42 is 4,100 kcal value , IC3 is 5,300 kcal ard 90
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ozone2002
Supreme |
20-Sep-2023 13:58
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China power up on coal  https://amp.scmp.com/business/article/3235094/chinas-coal-use-set-rise-until-2026-pushing-worlds-top-carbon-emitter-track-paris-agreement-analysts   |
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desmondxyz
Veteran |
20-Sep-2023 12:39
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some robots are controlling the share price today | ||||||||||||||||||||
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yoga123
Elite |
20-Sep-2023 12:15
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Indeed, Geo will have a AGM/EGM soon pertaining to the acquisition.  Lets wait patiently for it.
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Ayamas
Senior |
20-Sep-2023 10:44
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Don' t jinx it! Haha. For once didn' t see yellow or red in the short selling column. What a relief! Just hope no jokers contra buyers taking profits. High time the short sellers start to feel the heat!
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kei3006
Member |
20-Sep-2023 09:02
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Golden Eagle has very little IC3, i would say it is quite insignificant to their overall mining assets, but the quality of IC4 is far superior to Geo with low stripping ratio. Anyway, as long as coal price continue to recover, the prospect look brigher now. The shorting activity of Geo shares has reduced siginificantly, and that is a major signal that the share price has probably seen its bottom and set for a clearer path to share price recovery.
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desmodeus
Veteran |
20-Sep-2023 07:57
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The July 2023 coal market update from the International Energy Agency (IEA) describes strong international demand for coal use for thermal energy, concentrated in major regions of China and India, and to a lesser extent in Indonesia😋 | ||||||||||||||||||||
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Ayamas
Senior |
20-Sep-2023 04:37
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I think Golden Eagle is ICI3 so not exactly apple to apple comparison but still a positive thing for Geo Resources regardless right? 😁 😁
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Ayamas
Senior |
20-Sep-2023 04:34
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To quote their 1H2023 briefing: " ICI4 price was down by 18%, however, the business was
able to minimise the lower
price impact for ASP to
decrease by merely 8%."
Perhaps they did it by reducing costs if not by maintaining ASP. Either way I hope they are profitable for Q3 and have dividend. It was mentioned somewhere they need an AGM/EGM to approve the acquisition? Or is it a done deal? No time horizon given either.
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kei3006
Member |
19-Sep-2023 23:21
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Do note that Golden Eagle has far lower production cost than Geo, which was why it could still generate a profit despite selling 70% coal at DMO rate. This is the reason why Geo regard the acqusition to be an accretive one. Mr CEO also commented that whilst coal price may be volatile, GEO can still expect to make money at $40.
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kei3006
Member |
19-Sep-2023 23:09
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There should be more than 1 shipment during a quarter. ASP is average selling price ya. Mr CEO was commenting the asp was higher than end reporting quarter m42 price or as per result releasing date price. He certainly did not claim that he can sell higher than m42 price. On the contrary to my knowledge, Geo has been selling at a discount off M42 price thru offtake arrangement with the banks. Learn to understand what you have read, and not jump to conclusion and make your own assumption.
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tccroy
Elite |
19-Sep-2023 21:53
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M42 up again at USD62.50 | ||||||||||||||||||||
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