They're a dozy lot down at IC. Today they have a piece on the flotation of Asia Energy plc on AIM. Chunky coal deposits in Bangladesh. Market cap. expected to be about 30m.

What IC fails to notice is that CBM has a 55% stake in AE. 55% of 30m wd be 16.5m.

CBM's current total market cap at 63p is er... about 16m!!

So we get Western Canadian Coal (about to float on AIM), Pageton Coal in West Virginia, AGD Mining, Subranum Gold in Ghana, and CBM'z most recent acquisition Zhibek Resources (again planned to float on AIM in 2004) FOR NOTHING.

Fill your boots folks, this is set to double.

Well done
looks like it might have legs to 270
quiet boards always a good sign :-))

Niceonecyril, well done on your research. Lurker on Moneyam.Holding CBM.

As we all know CBM is trading well below NAV of 4+.

WTN @ 4 a share means 348 millions cash to CBM & @ 5 means 435 millions cash to CBM.

CBM 215 millions at close today.

CBM have 87m shares in WTN closed 430p; 35% of CLN closed 66p ; 28% of EGB ;50.5% of Xtract ; AGD 100pc & 9 other investments.

Flying again this am, could we be haeding for 3 by the end of the week?
cyril

is this worth buying today?

Great article on
http://www.minesite.com
You need to register( well worth it and free) to read the article.
cyril

With CBM, about to buy CLN i thought it wprth posting todays RNS on here.
http://www.investegate.co.uk/Article.aspx?id=200806160700047281W
Looks like a barguin for CBM?
cyril

Getting betterer and betterer.
http://www.investegate.co.uk/Article.aspx?id=200806170951328694W
cyril

Of course you could always buy CLN which has 3.25 to 1 CBM share on offer, making it a cheaper way in?
3.25* .69p = 224p against the 243p for CBM?
cyril

WTN updates on its thread, exciting times ahead with the possiblty of a sale?
aimho
cyril

All 3 of the triangle doing well today, which is to be expected imho?
cyril

All 3 trading well up, at 516p, 312.5p and 91.75p
cyril

Cambrian Mining Plc

Operations Update
London, 19 August 2008: Cambrian Mining Plc ('Cambrian' or 'the Company' or 'the Group') is pleased to update investors on the progress at its key mining operations. This press release is intended as an update on the operations of Cambrian that are more than 50% owned. As such it does not cover an update for our principal investment in Western Canadian Coal Corporation ('WCCC') which is subject to a strategic process for maximising value (Cambrian's fully diluted ownership in WCCC is 86.6 million shares).

Highlights

Scheme of Arrangement with Coal International Plc effective from 1 August 2008 giving Cambrian 100% indirect ownership of the Gauley Eagle and Maple Coal mining properties in West Virginia and 50.6% of Energybuild Group plc

Production at Gauley Eagle and Maple Coal operations is expected to be 2.4 million short tons of coal in the year ended 30 June 2009 at a cash cost of below US$75 per ton

Energybuild Group plc expects to produce 0.4 million tonnes of coal in the year ended 30 June 2009

Production at Costerfield gold and antimony mine is expected to reach 16,000 payable gold ounces and 2,000 payable antimony tonnes for the year ended 30 June 2009 at a cash cost of below A$400 per equivalent ounce, net of antimony as by product credit

Average contracted coal prices for 2008/2009 are in the US$/ton $63 to $121 range. Spot markets are in the US$/ton $100 to $250 range, depending on coal type and quality

Key risks to meeting planned production targets include the timely receipt of permits, cost inflation and availability of manpower. These risks are matched by opportunities to expand production in various areas if additional mining units can be brought on stream

Mark Burridge, CEO commented,

'Following the successful acquisition of Coal International earlier this month, Cambrian now has wholly owned coal mining operations with expected annual production of

2.4 million short tons over the coming year.

cyril

Bought back into CBM today at 193p which i believe to be a snip.CBM hold shares
and other options of over 86.5m of WTN which at todays value is worth 234m toCBM agaiNst a M/Cap of just 220. Now read my WTN post and see how undervalued that is and you will get my reasoning? Add to ths they own what was CLN (a coal producer)with a min value of 100m+ holdings in two other companies.
cyril

An article from the FT?

Cambrian Mining rose 13 per cent to 176p on talk that Western Canadian Coal, which also has a London listing, was poised to launch an offer for its rival. The two companies have a common investor, Audley Capital, the investment group run by Julian Treger. Audley's stake in Cambrian currently stands at 25 per cent.FT

cyril

BULLETIN U.K. REGULATOR PLACES TEMPORARY BAN ON SHORT SELLING

Britain bans short-selling, citing 'extreme' market climate

By Steve Goldstein
Last update: 1:11 p.m. EDT Sept. 18, 2008Comments: 11
LONDON (MarketWatch) -- Britain's Financial Services Authority on Thursday announced the unprecedented move of banning short-selling and forbidding any increase in new positions. Also, disclosure will be required on all positions of more than 0.25% of a stock. The ban is due to remain in force until Jan. 16, but it will be reviewed in 30 days. "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets. As a result, we have taken this decisive action, after careful consideration, to protect the fundamental integrity and quality of markets and to guard against further instability in the financial sector," said Hecton Sants, chief executive of the FSA.

And not before time imho
cyril

for what the chart in this sort of company is worth, this does not look very healthy .... shame cyril can't see it - silly sulky boy!

Taken from another board of CBM's valuation.

The sums are at 2.75p for WTN which is where we are now CBM share is worth 239m pounds.Total valuation of CBM today is 183m pounds.

Oh and lets not forget we have a mine in west Virgina worth according Landbankski and SP at least 1.70p per share or 196m pounds.

And 50pc of Energybuild who have great results next week.

And we own AGD doing 18k ounces of gold and other stuff.

We need a recalc.We had a seller today in CBM but value will out.

We should be 4.10p right now without gimmicks or false valuations.

In fact lets give a 33pc discount for, well I don't know but we always have to give a f@cking discount for some reason, so thats 2.87p.Why are we we 1.55p.

Surely someone will see sense.

cyril

beats me,
down,..eventually.. seems to be the order of the day, may take a while, or may not.
even though that black line seems to be offering support and maybe suggesting otherwise.
dont know why, just seems to be so to me.
could be wrong, yet again.
so whats new?
just my opinion as always.
regards
jkd

Market turmoil is making a mockery of stock values,yesterdays non_decision
certainly put the boot in.IMHO those who don't need to sell should not, and their
are some great bargains about. CBM is undoubtably one imo, its assets in WTN
justify the M/Cap alone on top of that we have the former CLN miner making plenty
of profit,Energybuild which just annouced record profits(50%) and the gold
producer AGM for free. WTN is selling $2.8m of coal a day which is $100m net profit and is in the process of being bought, i'm considering topping up at these levels,apart from value i believe an agreement will come from the USA which will
see a sharp mark up?
Something worth reading and makes my point?

Steelguru September 30, 2008

Global coking coal prices set to go up - Report
Mr Steve Leer chairperson & CEO of Arch Coal Inc said that globally, coal prices are witnessing a significant spike, thanks to the growing steel demand and supply constraints. Coal, which is one of the major raw materials for producing steel, is already short of 25 million tonnes to 35 million tonnes in 2008 fiscal across the globe, which is likely to reach 70 million tonnes in 2009 fiscal.

According to Macquarie Bank Limited, coal production from Australia may decline by approximately 15 million tonnes or about 12% of Australia's annual exports in 2008 fiscal. Recent floods in Australia forced several coal producers to shut down their mines, resulting in a huge decline in coal output in the first quarter of 2008.

In addition, a power crisis faced in South Africa in January 2008 and thereafter a reduced power supply from Electricity Supply Commission resulted in a shutdown of several mines and forced coal producers to cut their output, which further decreased the coal production.

China plans to reduce exports of coal in 2008 fiscal, as it remains concerned with its domestic power needs, since two third of China's energy production depends on coal. Moreover, in order to curb the ever-increasing inflation rate and the over heated Chinese economy, the government of China raised its export tax for steel billets from 15 percent to 25%, effective from January 1st 2008, to reduce the inflow of funds.

This resulted in a tight global coal supply condition, leading to a hike in coal prices. While China's coal exports are expected to decline moderately, coal production capacity is expected to increase to 2.73 billion tons in 2008 fiscal, supported by expansion of coalmines and technical renovations to meet the growing demand from domestic market. Furthermore, with the steep increase in oil and gas prices, coal's importance in the world energy mix is set to increase in the future.

According to the International Energy Agency, there are abundance of coal resources of approximately 200 years worth of coal reserves, evenly distributed in the US with 27%, Russia with 17%, China with 13% and India with 10%. It is estimated that by 2030, coal will account for 27% of the global energy mix, up from the 24% that it holds today. Given the abundance and accessibility of coal resources, the increased usage of coal will facilitate minimizing the global energy crisis.

Going forward, the demand supply mismatch is expected to last for at least two to three years before it recovers from the supply bottlenecks in Australia and ease power shortages in South Africa. Hence, coal price outlook in 2009 fiscal is likely to remain strong with coking coal prices expected to increase to USD 320 a tonne and thermal coal to increase to USD 135 a tonne for 2009 coal year.

AIMHO
cyril

Reported today, Coking coal holding up well for the next 6 years $350/$250/tonne

Thermal Coal Tightness in the thermal coal market has moderated in recent
weeks. Newcastle prices down ~US$20/t and European prices (C&F) are down
~US$40/t over the month. In Europe, coal's competitive position vs gas is finely
balanced. In China, domestic thermal coal prices are softening as the acute
energy crisis eases. Inventories at utilities are being rebuilt as coal shipments
on the rail network receive the highest priority. But, imports of Vietnamese
anthracites will decline. The risk of surging Chinese exports has disappeared.

Coking Coal Our coking coal forecasts remain unchanged. We have reduced
our assumption of crude steel production globally. However the slower steel
production growth in 2009 and 2010 continues to see the coking coal market
being tight over the forecast time horizon. Supply constraints in Australia show
little signs of easing.

JFY 2009(e) JFY 2010(e) JFY 2011(e) JFY 2014(e)
Coking 350.0 330.0 310.0 250.0
cyril