simply put, Greenies are Socialist with the intent to destroy our Nation
ANR, ACi, WLT et al need to be joined with BTU and together control coal pricing, eswdpecially when an Infrastructure Bill hits and Met Coal willo go up substantially in value...get ready ANR, we're at the darkest point now.
For some reason was just half baked stuff previously put out.
One page listed the 2019 and 2021 Bonds with $800 Mil and $700 Mil Outstanding. But we all know ANR bought back a slug of these Bonds, so why didn't the page reflect that??
My answer, more material stuff coming soon.
The coal has no market value, we are now a Nat Gas Play
Ben, off the top of your head, do you know how much it costs per ton to mine Met Coal? If we can get $109 a ton for it, let's close the other Thermal stuff down, work with Union and just mine the Met at lowest price possible along with doing Nat Gas deals on our leases.
Then also buyback the debt at 50 cents
ANR has many options to consider, we are far from a BK Company...I'd do like cccbondguy and load up on the Bonds....that is where the money will be made on ANR Yup, I own s shytepot full of the Bonds.
Call the debt in at 50 cents on dollar and reduce all Retiree Benefits
Then if you really want to be brave, conspire with BTU/ACI on coal prices, or just get the 3 of you together and set higher prices via a merger...it's about survival now, skjrew Obama and his Blaque Justice dept, they'll be busy Nationalizing Police Depts until election time when hopefully we can get a Libretarian elected
eat some CROW Basher...BTU about to go GREEN....come back and Manup to your idiot post
I would not be bragging about this gov manipulate Market that has a Fed driving stock prices up with QE and a Gov increasing a debt load we can never payback...your short term euphoria will be met with a major collasp of our economy and possibly our nation.....
So in a few years, I want you to tell your fellow Americans in the soup lines how great your Dollar Wealth is when your currency will be RS like ANR stock....I'm thinking just like France in 1969...
There probably won't be any need for steel
You see when a Country turns to Socialism, it destroys itself daily
And today, we have Government in every facet of our Economy, and giving away Billions to corrupt cities like Detroit, Baltimore, and next up Chicago...others will soon follow and our strong Dollar will turn to mush because we can't produce, no one will sell to us without gold etc.
You're NOT going to love what East CoasLLibs have done to us
Until we get the Bond Monkeys off our shoulder, the Common will go nowhere, plus World Met Coal prices have to improve
We will do a RS of 20 to 1 and seek to have 30,000,000 sold in an offering that we have already underwritten. We will use the proceeds to continue to buy back ANR debt at these distressed prices.
Be patient, we have a plan to survive.
That ANR has a deep pocketed suitor who says he will buyout the ANR Bonds for 50 cents on the dollar and bring in new management etc to run ANR...maybe that Coal Company whose been buying everyone up is ready to make a move to become the biggest and badest Coal Co in Ameriuca???
And yeah they will convert your Common into theirs at 20 to one
There is no value to the coal, why lose money on it, shut the mines and explore for Gas....all of ANR's value is in Rice Stock, not coal
Fire Crotch and his team and let's hire Gaz people
More negative articles today on ANR and Bonds hitting new all time lows
Nothing in sight to change
ANR needs to start a rapid Mine closure program, reduce Management Cost and Staff, Crutch needs a 75 % haircut, he's no longer running a multi Billion Company, we are now at best an Enterprise value of $1 Bil
We need changes immediately to survive
And Bonds that sell or 15 cents on the Dollar??
This Company has effectively been killed, than you EPA/Obama/Fed Reserve
Ben, I'm afraid there are no lenders wanting to loan money and no one interested in taking ANR over even with Asset Values in the ground that will someday be worth much more than today.
Then to top it of, there will continue to be negative articles on ANR written and downgrades as well till they kill the company...this is a shame