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For various reasons oil works differently in this respect.
Actually I don' t think that' s true globally speaking. Yes, if European gas is more expensive Europeans will burn more coal. But if so, they will burn more European coal. Had they not burnt this European coal then they would have dug up less European coal i.e. this coal would not have, say, gone to China pushing Chinese coal prices down which would have hurt Geo. So coal prices in Europe have minimal impact on the price Geo receives for its coal.
It' s all related, all are energy.
When gas is so expensive, you just turn to cheaper option, i.e. coal. When coal is in high demand, coal price up.
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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Gas prices are much more localised than oil prices, so limited impact on an Indonesian producer unfortunately.
Natural gas futures in Europe soared more than 40% to &euro 55 per megawatt-hour in the second week of October, the highest in eight months as demand received a lift from expected cooler temperatures, while concerns about supply were escalated by geopolitical risks and ongoing strikes at LNG facilities in Australia. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. Additionally, a Baltic pipeline leak investigation raised winter infrastructure security worries, leading to its temporary closure. Meanwhile, negotiations between Chevron and unions regarding a pay and conditions deal at its Australian LNG facilities showed some progress on Friday but did not reach a final agreement. Furthermore, anticipated colder temperatures are expected to increase demand for natural gas for heating purposes.
European gas has gone up more than 40% in 1 week
https://tradingeconomics.com/commodity/eu-natural-gas
The 25MT production capacity is referring to Golden Eagle mines, not inclusive of current Geo production. Which is why the intended infrastructure (road plus port) upon completion will set side a minimum of 25MT for own use. Golden Eagle has already scale up production since last year. I believe the current production figure is closer to 4MT this year. Collectively Geo should be able to produce 14-15MT next year, which will be a record level since its inception.
Will coal importance become diminished soon? The answer is obviously no, as China has been approving the construction of 2 coal power plants every weeks for the past 2 years and currently depend on coal for 58.4% of its power generation.
FrancisLim ( Date: 13-Oct-2023 16:56) Posted:
Due to move towards clean energy and net zero, coal importance will be diminished.
At the peak, this counter traded around 3 times PE.
5 to 6 years is quite a long stretch for coal. Also, assumption on newly acquired mine to gear up from its current 2 to 3m output to 25m (including current mine which is diminishing). |
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not naked shorts. those on borrowed scrips. i am still receiving sbl fees
tccroy ( Date: 13-Oct-2023 14:26) Posted:
The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price.
desmodeus ( Date: 13-Oct-2023 14:03) Posted:
| what happen if shorts can never be recovered because of no sellers. what will sgx do |
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hope they short it back to 22.5c. can buy somemore. dividends for winter holidays coming
lailai ( Date: 13-Oct-2023 14:53) Posted:
shortis in control. strong buy q of 1.6m of .305 got wipe within haf min at 1.50pm.
now back to .300/.305 jus like b4 mtg starts.
tccroy ( Date: 13-Oct-2023 14:26) Posted:
| The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price |
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Short term, need coal prices to move up strongly to motivate share price increase!
Due to move towards clean energy and net zero, coal importance will be diminished.
At the peak, this counter traded around 3 times PE.
5 to 6 years is quite a long stretch for coal. Also, assumption on newly acquired mine to gear up from its current 2 to 3m output to 25m (including current mine which is diminishing).
Good buying opportunity for long term supporters to support if able to do it. 👍
lailai ( Date: 13-Oct-2023 14:53) Posted:
shortis in control. strong buy q of 1.6m of .305 got wipe within haf min at 1.50pm.
now back to .300/.305 jus like b4 mtg starts.
tccroy ( Date: 13-Oct-2023 14:26) Posted:
| The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price |
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Very positive EGM with 99% vote FOR the acquisition of GEE.. Offline discussion with mgt has indicated the recent profit projection on GEE are generally conservative... Sounds like a promising Long Term play...
sweet639 ( Date: 13-Oct-2023 15:38) Posted:
Any good news aafter today AGM?can some one attended the meeting give some comments? thanks
lailai ( Date: 13-Oct-2023 14:53) Posted:
shortis in control. strong buy q of 1.6m of .305 got wipe within haf min at 1.50pm.
now back to .300/.305 jus like b4 mtg starts.
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Any good news aafter today AGM?can some one attended the meeting give some comments? thanks
lailai ( Date: 13-Oct-2023 14:53) Posted:
shortis in control. strong buy q of 1.6m of .305 got wipe within haf min at 1.50pm.
now back to .300/.305 jus like b4 mtg starts.
tccroy ( Date: 13-Oct-2023 14:26) Posted:
| The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price |
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shortis in control. strong buy q of 1.6m of .305 got wipe within haf min at 1.50pm.
now back to .300/.305 jus like b4 mtg starts.
tccroy ( Date: 13-Oct-2023 14:26) Posted:
The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price.
desmodeus ( Date: 13-Oct-2023 14:03) Posted:
| what happen if shorts can never be recovered because of no sellers. what will sgx do |
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The shortists will be forced to buy back shares afternoon 4 trading days at 2 bids higher than the latest price.
desmodeus ( Date: 13-Oct-2023 14:03) Posted:
| what happen if shorts can never be recovered because of no sellers. what will sgx do |
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what happen if shorts can never be recovered because of no sellers. what will sgx do
Roubini Says Markets Discounting Risk of Major Mideast Conflict. See whether coal price can surpass that of the Ukraine war this time.
https://www.bloomberg.com/news/articles/2023-10-12/roubini-says-markets-discounting-risk-of-major-mideast-conflict#xj4y7vzkg
Only 600,000 shares done, BBs all take long weekend early, only retailers biting, still shying away from coal
