How are they able to do that? Can ANR do that and does it make any sense? Why isn't anybody snapping up ANR at these levels? I know there is a lot of debt, but there must be a coal believer out there with money to buy this on the cheap!
We are now almost a dollar higher than Arch and the last time we did this, we pulled away by $3.75 into the $8 range when they announces the Rice deal. Maybe they are going to announce the other JV, but does that mean it goes down right after that? That is when I wished I had shifted everything from ANR into ACI to gain shares. I missed that boat. Or is this the take off that continues with all coals to follow in the next cycle? How will I know?
Doesnt that mean guaranteed lower coal prices for years to come? Or is he thinking rising demand. Which is it?
Someone buying in big at $4 at 2:30. Another 2.5 million shares, although I do not see the one from this morning, but if premarket, maybe that does not show on graph. Unless this was a correction from this morning, someone, like a fund, is buying here and keeping the footing above $4 today! I think this is important!
From what I read, he said ANR is the three bagger, which I do not agree with, but who was he referring to as the ten bagger? OK, WLT goes BK, who else? I see ACI surviving, but not doing as well as ANR at all.
I do not understand. How can they IPO Rice stock if it is Rice stock. ANR sold their rights to them. Maybe IPO on the other property they did not sell rights to?