You are going to lose almost all your money in this garbage stock you defend so fiercely. Hopefully, Appalachia will follow Wyoming's lead and pull ANR's right to self-bond there too.
I am sure someone else will happily mine the coal if ANR can't. ANR is a pile of garbage and the government knows their track history of polluting waterways and land that they have been fined for numerous times. Appalachia should also take away ANR's right to self-bond.
Self-bonding is like self-insuring. If you are financially healthy, you can self-insure bond yourself. Unfortunately, ANR is a pile of garbage and the government doesn't trust them. Now ANR will have to set aside funds to be held by someone else or buy insurance. It is right there in the news release, $400 million dollars was freed up by self-bonding. This can hurt their liquidity and bring them closer to violating their credit line covenants and it could all fall apart for ANR.
I was called a basher. Last year in April, I told bagholders to sell above $5. It would take 1000% increase in share price from this level to recover the monies lost from not taking my "basher" advice.
When you look at operational losses, ANR loses way more money that ACI. Do a search for operational losses on this message board and you will see where I cover it in the past This means that ANR is burning through cash faster. ANR's 820 million credit line has a $300 million dollar liquidity covenant. ANR has slightly 1.02 billion in cash and liquid securities(this incudes RICE) to apply toward that covenant. If ANR burns through 700 million of cash and liquid securities, they risk losing their 820 million credit line which is practically half of their liquidity of 1.85 billion.
Isn't holding onto a losing position until there is nearly nothing left the very nature of the bagholder? I would think this would be a behavioral issue or cognitive issue of the bagholder brain. Perhaps they feel an emotional attachment to their losing stock and attach larger meaning to their investment,such as many bagholders see their losing investment in coal stocks as a stand against climate change policies and those representing those policies. Ben's rants about buying ANR stock to teach AL Gore and greenies a lesson come to mind.Some bagholders have cognitive issues that prevent them from understanding why ANR is a big pile of garbage.
Yes, despite being wealthy enough to not work, I have a job. Sometimes, work gets slow or boring so I might post here during those times. Overall, I try to help you bagholders with my insight, but with denseness and animosity of bagholders towards anyone that doesn't see their stock through rose colored glasses, I have a leaning to being somewhat abrasive to bagholders. Let's face the facts, Bagholders wouldn't be bagholders if they could entertain the thought that their stock might not be as good as they think it is. Agree?
I have suggested this many times. For what the bonds are worth, I am sure the bondholders wouldn't mind an equity stake in a new ANR in exchange for the debt they are owed. The current shareholders would get a delivery of coal from ANR up to the current market value of their shares since they like coal so much.
Out of curiosity, do you do any research on the investments you squander your money on? Seems like a lot of things are a surprise to you that shouldn't be.
The history is all there in my posts. Beginning of LAST YEAR, I said there was money to be made TRADING certain "green" stocks. I never said buy and HOLD. I made 6 figures TRADING in out of YGE last year. I stopped trading YGE after their last earning announcement in 2015. I sold before earnings on rise up to 2.40 and haven't looked back at it. Below is my opinion of YGE from last year around the time ANR took a dive. I hope this clears things up for you, but I doubt with your stubborn mind it will.
hulkmonstersmash hulkmonstersmash • Sep 4, 2014 11:21 AM You are a moron. You calling people bagholders when you don't know what you are doing. You were a BAGHOLDER yourself when you bought at 3.82. Let me tell you something. I sold before earnings and bought back after the bad earnings and am putting money in my pocket. It is obvious you don't know how to trade these garbage Chinese stocks. Less
Beginning of August 2014, I opened a short position a tad too early in the mid 3s and it initially went against me, Ben and others were quick with the insults. Who laughs now?
benstevens75 benstevens75 • Aug 11, 2014 2:30 PM
Hulk had to work late last night cleaning the toilets at his janitor job. Seems shorts got a case of the runs Friday. Poor guy had to put his hand in one and turn a big one that got sideways. If you have a toilet stopped up Hulk is your go to guy . ( PS just lock your computer up or use password protection. Ben thinks he likes to look at sites your not suppose too. ) Less
I saw one filing where the covenant was said to be cash and another that says liquidity. Either way, 300 million in cash or liquid equivalents is required to keep the credit line active and the credit line doesn't count toward it. ANR has slightly over 1 billion in cash and liquid investments as shown below. So, realistically, ANR would just need to burn through 700 million for their credit line to vanish.
At March 31, 2015, we had total liquidity of $1,850.9 million, including cash and cash equivalents of $476.3 million, investments of $552.7 million, which include the Rice Energy common stock, and $821.9 million of unused commitments available under the revolving credit line...
New lows being set today. It is against the nature of the bagholder to know he is a bagholder. These bagholders think they are intelligent investors and know balance sheets.
It boggles my mind how little understanding you have of markets. More to this picture than meets the eye is bagholders not realizing what a moron you are and how little you know about anything financially related. It becomes more and more clear to me why you have lost most of your money.
I am tired of telling you what is going to happen with ANR and having it come true. I am tired of analysts telling you things I already told you months in advance. Bagholders are so pathetic to ignore what is so obviously in front of them.
I have covered this in previous posts. ANR's revolving credit line has a $300 million dollar cash covenant. This means that if their cash level goes under $300 million their credit line can be taken away and I suspect the analyst you consider a dolt is talking about this.