TER 0.00% 21.5¢ terracom limited

Ann: Change in substantial holding, page-33

  1. 114 Posts.
    lightbulb Created with Sketch. 41
    i think the transfer is an off market transfer and N/A stands for not applicable. It may be that an existing holder has transferred their holding
    to that Singapore based broking house to hold the shares as nominee for the existing owner, hence no consideration. Why would one do this ?
    Many reasons,,, tax...non disclosure when holding gets to 20%.

    I've been doing some figures on my napkin while I'm dining at my favourite restaurant - Icebergs..of Bondi
    With hundreds of new coal power stations now being built in China and India, coal demand will increase quite a bit.
    With existing coal mines running out of coal and new coal mines not coming on due to lack of financial support
    coal supply will substantially decrease.
    Within days I expect the coal price to reach US$100 per ton.
    In the short to medium term this price should reach $200 per ton.
    With coal at $200 per ton I predict TER will be making about $1billion profit per annum. That's about $1.50 per share per annum.
    The current share price 10c looks a bit conservative to me. What do you think?
    DYOR If you buy some --leave some for me.

 
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