That was a great idea... in 2013. Why they didn't take that advice before they signed underwater contracts is a mystery to me, and no, selling at a loss detracts from EBITDA, Hulkster. They just didn't want to lay off workers or cut hours. If they just stopped mining CAPP thermal, they'd be cash flow positive. Making money everywhere else.
How are they earning money at all if their operating costs exceed their revenues?
Dummy, I was asking why they even signed the contracts in the first place if they couldn't make money selling the coal at the contracted prices. Now go back to your dunce chair and be quiet.
I don't get why coal companies continue selling coal when they're losing money on every ton. Can someone please explain their rationale to me. Yes, it costs money to shut down a mine, but it costs even more money to operate it. Hoping that prices may one day recover seems like wishful thinking at this point, and if prices ever do recover (not sure of that anymore), they can always re-open the mines then.
There are coal royalty trusts. We lease mines from NRP. Once we are profitable again, what would stop us from conversion to a trust model?
Monster, are you still here? The trend is your friend. Coal is up. Obama's EPA regs announcement was the bottom. Hope you're short up to your eyeballs.
There was NO buyout offer. Just talk of it on this board. Mgmt settled two lawsuits in the past month and Japan and India are talking about making coal investments. Just conjecture.
Mgmt holds no shares. They don't count. And most shareholders are underwater on this stock. I can't imagine shareholders accept any offer below $20.
I don't care whether he is or isn't a muslim, but when's the last time you saw him and the First Family going to Sunday church service? You used to see the President going into church every Sunday. I've never seen him do it. Maybe the first week he was in office and never again. He's not a religious man.
So, what do you think Ross is thinking? I bought units today based on his reputation, but I have no clue what he's up to. I also noticed he paid .50 for the warrants ($5.75 strike for 1/2 share), which implies he thinks shares are worth at least $12. Best of luck to all longs.
Sounds like an analyst working backwards from the current price and declaring himself a genius for getting it right. As another poster said, this whole thing is about the coal price. If it goes up, so will we. Period.
Does anybody know the total acreage potential for ANR? Is 10,0000 all there is or could they replicate this over other acreage?