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Today more sellers than buyers
israel tensions spurring higher oil and commodity prices will bode well for coal
Cup and handle formation still intact for upside
Frankly speaking, it is loss making for Q3 and therefore quite unlikely to have any dividend. But going forward, supposedly the acqusition of Golden Eagle can be completed by year end, Q4 will be the highest production yield ever recorded by Geo Energy. We can also expect annual production to be raise to 13-15MT next year, and then incrementally increase to 30MT (25+5) over the next 5 years. The substantial scaling up of the production, coupled with the low cost/high quality coal of Golden Eagle mines and Geo' s mining expertise and financial muscle, will bring in massive profit and high dividend growth for the shareholders.
Ayamas ( Date: 16-Oct-2023 15:27) Posted:
Realistically Q3 was not good. Even 1 sen is a bonus.
lailai ( Date: 16-Oct-2023 15:19) Posted:
las 2 years, geo gave div of 9c per yr, so there' s hope good div for 3Q and 4Q la. see quote belo:
The Company has previously paid dividends on a quarterly basis as part of our commitment to deliver value to our shareholders. The Company will consider continuing quarterly dividends, subject to cash flow requirements to support its growth and investment.
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Realistically Q3 was not good. Even 1 sen is a bonus.
lailai ( Date: 16-Oct-2023 15:19) Posted:
las 2 years, geo gave div of 9c per yr, so there' s hope good div for 3Q and 4Q la. see quote belo:
The Company has previously paid dividends on a quarterly basis as part of our commitment to deliver value to our shareholders. The Company will consider continuing quarterly dividends, subject to cash flow requirements to support its growth and investment.
wehuattogether88 ( Date: 16-Oct-2023 11:05) Posted:
Just give some time to GEO.
Their 3Q results coming soon. Might declare another dividend soon.
Just continue to keep a watchout over Geo. |
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las 2 years, geo gave div of 9c per yr, so there' s hope good div for 3Q and 4Q la. see quote belo:
The Company has previously paid dividends on a quarterly basis as part of our commitment to deliver value to our shareholders. The Company will consider continuing quarterly dividends, subject to cash flow requirements to support its growth and investment.
wehuattogether88 ( Date: 16-Oct-2023 11:05) Posted:
Just give some time to GEO.
Their 3Q results coming soon. Might declare another dividend soon.
Just continue to keep a watchout over Geo. |
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Don' t think so soon le. Probably end Nov...zzz
wehuattogether88 ( Date: 16-Oct-2023 11:05) Posted:
Just give some time to GEO.
Their 3Q results coming soon. Might declare another dividend soon.
Just continue to keep a watchout over Geo. |
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Can ignore this fella... is very tricky.. always try to pull a fast one.. either giving outdated or inaccurate info... i think he' s a shortist...
Cadence88 ( Date: 16-Oct-2023 10:32) Posted:
What news ?
FrancisLim ( Date: 16-Oct-2023 10:30) Posted:
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Just give some time to GEO.
Their 3Q results coming soon. Might declare another dividend soon.
Just continue to keep a watchout over Geo.
geo interest in ev is not without merit
lhttps://www.google.com/amp/s/www.businesstimes.com.sg/international/asean/indonesias-red-hot-ipo-market-rides-global-ev-push-towards-record-year%3famp
What news ?
FrancisLim ( Date: 16-Oct-2023 10:30) Posted:
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Sell on news?
Looking forward to another good week for Geo
If Europe can be self reliance for its coal consumption, they would not have to depend on Russia for 70% import in the past. As there is a call for ban on coal import from Russia, Europe has to source from all the major coal exporting countries such as USA, South Africa, Colombia, Australia & Indonesia. Even the top coal producing country in Eurppe, Germany, is heavily dependent on coal import to meet its consumption needs. So pls do not comment on something you do not any knowledge on and make a folly of yourself.
Alignment ( Date: 14-Oct-2023 23:16) Posted:
Yes, when oil and gas becomes more expensive for a country then coal becomes relatively more attractive. I never said that was not the case.
However, you are missing the more specific point I made which is that a change in European gas prices referenced in the article I was replying to does not affect the demand for Indonesian coal. The main reason for the 40% rise in European gas prices is due to the leak in the Baltic gas pipeline and potential consequences stemming from this (the other reasons given in the article are de minimis). This 40% increase in European gas prices, if sustained (which it might not) is most likely to result in an increase in demand for coal in Europe, which will be met by local (European) coal. The demand for coal in Asia and the price of coal in Asia (which is where Geo sells its coal) is unaffected because the European coal market and the Asian coal market are totally separate (Asian demand is met by Asian supply). Meanwhile the 40% rise in European gas prices has no impact on Asian gas prices because in the same way the two markets are entirely separate. The oil price is admittedly more fungible globally than coal or gas prices however oil is a much less perfect substitute for gas compared to coal (and a much less perfect substitute for coal compared to gas), so even a large move in European gas prices unless sustained over a long period is not going to have much of an impact on oil prices. The jump in oil prices on Friday has nothing to do with the 40% rise in natural gas, but was due to Israel beginning to send troops into Gaza. That is why, bringing it all back to the original point I was making, European natural gas prices have no impact on demand for Geo' s coal.
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You claimed that Europe is able to self reliance for its own coal consumption. Which part of Europe does the supplies came from?
Alignment ( Date: 15-Oct-2023 11:54) Posted:
Yes pretty much. The effect is minimal.
kei3006 ( Date: 15-Oct-2023 03:53) Posted:
| So you are saying the spike in europe gas price does not affect oil price in asia, therefore got nothing to do with indonesia coal?? |
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Yes pretty much. The effect is minimal.
kei3006 ( Date: 15-Oct-2023 03:53) Posted:
So you are saying the spike in europe gas price does not affect oil price in asia, therefore got nothing to do with indonesia coal???
Alignment ( Date: 14-Oct-2023 23:16) Posted:
Yes, when oil and gas becomes more expensive for a country then coal becomes relatively more attractive. I never said that was not the case.
However, you are missing the more specific point I made which is that a change in European gas prices referenced in the article I was replying to does not affect the demand for Indonesian coal. The main reason for the 40% rise in European gas prices is due to the leak in the Baltic gas pipeline and potential consequences stemming from this (the other reasons given in the article are de minimis). This 40% increase in European gas prices, if sustained (which it might not) is most likely to result in an increase in demand for coal in Europe, which will be met by local (European) coal. The demand for coal in Asia and the price of coal in Asia (which is where Geo sells its coal) is unaffected because the European coal market and the Asian coal market are totally separate (Asian demand is met by Asian supply). Meanwhile the 40% rise in European gas prices has no impact on Asian gas prices because in the same way the two markets are entirely separate. The oil price is admittedly more fungible globally than coal or gas prices however oil is a much less perfect substitute for gas compared to coal (and a much less perfect substitute for coal compared to gas), so even a large move in European gas prices unless sustained over a long period is not going to have much of an impact on oil prices. The jump in oil prices on Friday has nothing to do with the 40% rise in natural gas, but was due to Israel beginning to send troops into Gaza. That is why, bringing it all back to the original point I was making, European natural gas prices have no impact on demand for Geo' s coal.
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Anyway Geo has recovered strongly in the last few months
So you are saying the spike in europe gas price does not affect oil price in asia, therefore got nothing to do with indonesia coal???
Alignment ( Date: 14-Oct-2023 23:16) Posted:
Yes, when oil and gas becomes more expensive for a country then coal becomes relatively more attractive. I never said that was not the case.
However, you are missing the more specific point I made which is that a change in European gas prices referenced in the article I was replying to does not affect the demand for Indonesian coal. The main reason for the 40% rise in European gas prices is due to the leak in the Baltic gas pipeline and potential consequences stemming from this (the other reasons given in the article are de minimis). This 40% increase in European gas prices, if sustained (which it might not) is most likely to result in an increase in demand for coal in Europe, which will be met by local (European) coal. The demand for coal in Asia and the price of coal in Asia (which is where Geo sells its coal) is unaffected because the European coal market and the Asian coal market are totally separate (Asian demand is met by Asian supply). Meanwhile the 40% rise in European gas prices has no impact on Asian gas prices because in the same way the two markets are entirely separate. The oil price is admittedly more fungible globally than coal or gas prices however oil is a much less perfect substitute for gas compared to coal (and a much less perfect substitute for coal compared to gas), so even a large move in European gas prices unless sustained over a long period is not going to have much of an impact on oil prices. The jump in oil prices on Friday has nothing to do with the 40% rise in natural gas, but was due to Israel beginning to send troops into Gaza. That is why, bringing it all back to the original point I was making, European natural gas prices have no impact on demand for Geo' s coal.
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Yes, when oil and gas becomes more expensive for a country then coal becomes relatively more attractive. I never said that was not the case.
However, you are missing the more specific point I made which is that a change in European gas prices referenced in the article I was replying to does not affect the demand for Indonesian coal. The main reason for the 40% rise in European gas prices is due to the leak in the Baltic gas pipeline and potential consequences stemming from this (the other reasons given in the article are de minimis). This 40% increase in European gas prices, if sustained (which it might not) is most likely to result in an increase in demand for coal in Europe, which will be met by local (European) coal. The demand for coal in Asia and the price of coal in Asia (which is where Geo sells its coal) is unaffected because the European coal market and the Asian coal market are totally separate (Asian demand is met by Asian supply). Meanwhile the 40% rise in European gas prices has no impact on Asian gas prices because in the same way the two markets are entirely separate. The oil price is admittedly more fungible globally than coal or gas prices however oil is a much less perfect substitute for gas compared to coal (and a much less perfect substitute for coal compared to gas), so even a large move in European gas prices unless sustained over a long period is not going to have much of an impact on oil prices. The jump in oil prices on Friday has nothing to do with the 40% rise in natural gas, but was due to Israel beginning to send troops into Gaza. That is why, bringing it all back to the original point I was making, European natural gas prices have no impact on demand for Geo' s coal.
Gas price jumped by more than 40% in a week, means oil price will also become more expensive, evidently also jumped 6% on Friday. When oil and gas become too expensive for poorer economics particularly Asian countries, what do they do? Buy up cheap coal and build on inventory.
Alignment ( Date: 14-Oct-2023 16:20) Posted:
| Gas prices are much more localised than oil prices, so limited impact on an Indonesian producer unfortunately. |
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