Independent research from Edison Jan 2010 here www.altonaenergy.files.wordpress.com/2010/01/altona080110outlook.pdf

Going like a train....unnoticed....

This is flying.....

Holy mackerel....! euuhhh, sorry,.. endangered species...the sp is going ballistic....

Not unnoticed I can assure you but still bizarre for all that. This seems to be happening to a few tiddlers at the moment. The question is whether to join in.

..and if anybody says 'the trend is your friend' ....

Hey...the trend is your friend !

Not complaning about the SP rise..this is now a 3bagger for me but will continue to hold as still under rated. re-rating going on now..the evo note target is for 35p but the potential could be a lot more.! as always..imho...dyor

a couple of articles from http://altonaenergy.wordpress.com/


It is interesting to note the current rise in the AIM-listed penny shares of Altona Energy (ANR), this week up from about 9.6p to 12p having traded at about 8p for most of this year and 4p last year. I have been an occasional follower since Altona floated in the last resources boom; and although speculative, I felt it should be kept on the radar. The rise probably reflects a sense that 2010 should see further significant progress, for the market to better reflect a substantial resource value.
This is a South Australian-oriented company with a major coal to liquid energy project so not exactly a miner, more an integrated energy company. The scale of its Arckaringa project has an estimated resource base near 8bn tonnes of coal making this one of the worlds largest untapped prospects. It involves three wholly-owned exploration prospects positioned close to transport; and in partnership the China National Offshore Oil Corporation is fully funding a bankable feasibility study towards a mine and power station. Majority control of Arckaringa will shift to the Chinese, 51% becoming 70%. Even so, an estimated net present value of US$1.6 billion for the project discounted at 10% over 20 years and after capital expenditure, implies a value for Altonas likely 30% interest of 80p a share.

....Altona Energy advanced another 1p to 12p amid speculation that there may soon be word of an extension to its joint venture tie-up with China National Offshore Oil Corporation, one of Chinas biggest state-owned oil companies. The pair are working together to develop a prospect in Arckaringa, South Australia.

Still going like a train!...it's looking good!

Sold this morning as wanted to take a 3.5bagger profit. I always hold too long and miss out..have gone into AAU & IFM with the profits.

GL to all still in

Might be a bit more yet...I think evolution (one of those brokers) has a 37p target as it is...so more to come on an update possibly...

Took profits as well....placing at 9p.....long way down....but might come back...not sure which way sp is going....but will come back later....

Recent sp drop to around 14p from 20p just a temp adjustment , some very large institutions been buying at premuim prices, of about 9p,,,, next 12 months very much a buy up to 40p mark.... keep buying a large profit to be made here,,,,

Dipped toe in with 3 grands worth here today. Warming up nicely, Another great long term prospect 2 to 3 yrs imo.Excellent news today.

Sector: Mining
Price: 11.3p
Market cap: 47m
Forecast net cash (m) 1.0
Forecast gearing ratio (%) N/A
Market AIM
Share price graph (p)
Company description
Altona holds a 49% interest in three
exploration licences covering 2,500km
square in the north of the Permian
Arckaringa Basin, South Australia. Its
immediate focus is completing a
bankable feasibility study for a coal to
liquids plus co-generation facility.
Price performance
% 1m 3m 12m
Actual 9.8 36.4 116.3
Relative* 10.6 (13.3) 95.5
* % Relative to local index
Analyst
Michael Starke
Altona Energy (ANR)
INVESTMENT SUMMARY
In early November, energy companies Solena and Rentech agreed to establish a commercial
scale sustainable jet fuel facility in the UK using Rentech's Fischer-Tropsch synthetic fuel
technology. The deal is important for Altona Energy as it highlights the growing importance of
syngas in the production of various synthetic fuel types (including aviation fuels). Altona Energy
plans to use this technology to produce liquid fuels from its flagship Arckaringa coal deposit in
South Australia where it has signed a joint venture deal with CNOOC. The third-largest
state-owned oil company in China, CNOOC, has agreed to provide $40m for a bankable
feasibility study (BFS), which commenced in October this year.
INDUSTRY OUTLOOK
In addition to supplying local demand for fuel and power (including potentially BHP Billitons
nearby Olympic Dam project), the JV is also looking to export fuel and possibly coal to the
Asian markets. The BFS commenced last month and is expected to take around two years.
Y/E Jun Revenue EBITDA PBT EPS P/E P/CF
(m) (m) (m) (p) (x) (x)
2009A 0.0 (1.3) (1.3) (0.31) N/A N/A
2010A 0.0 (2.6) (2.6) (0.64) N/A N/A
2011E 0.0 (1.6) (1.5) (0.38) N/A N/A
2012E 0.0 (1.7) (1.7) (0.41) N/A N/A
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