Arch Coal Inc. Message Board
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Is there something in the works?
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Just want my 1.35 and I'm out of this POS for good....bring it baby!
by stockswinger2009 •May 22, 2013 2:21 PMWhen palladium is trading at $1,200, and PAL is at 4, you'll be sorry!
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This must be a bull trap! Gotta short here, big time!
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Current value of ICE = ~$177. $177 x .1703 = $30.14. $30.13 + $11.27 = $41.41
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Interestingly, 242 million shares of NYX x 0.1703 = 41.2 million, which is just under the max limit of shares of ICE to be issued to NYX holders. As Rangstrom says, the 0.1703 option will probably be the path to follow.
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They're working on a project to convert coal to a liquid petroleum-type product, right? Thus, they would need an oil terminal - I think.
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The ruling regime hates coal. Only a Black Swan event will save coal now.
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Instead of new financing, they should just board up the mine and wait for Pd prices to increase.
by tristrem •May 15, 2013 1:06 PMAnd just why are there 400 people working there?! Do they really need to have 400 people in the first place? Sheesh.
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Instead of new financing, they should just board up the mine and wait for Pd prices to increase.
by tristrem •May 15, 2013 1:06 PMYes.
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The property seems to have more value when they're not mucking with it! Just keep the Pd in the ground and the stock price will improve, as the company will not be bleeding money.
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the pal mine has collapsed. its nothing but rubble....
by gburget2003 •May 15, 2013 10:33 AMYou mean that metaphorically, I assume.
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The company is in worse shape today than it was in - when was it? 2009? - when they simply shut down operations.
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Of course, we'll be lucky if PAL is $1
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The incompetents who have run this company can't take advantage of increasing demand for a scarce commodity rising in price. lol
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Lots of buyers jockeying to get the Euronext portion of NYX
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When it closes, you'll see some fireworks.
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Valerie Jarrett. Look her up.
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You should short some more tomorrow. ACI is bound to go down in price!