LPC

[foodee]

Hi Steve
Hope these bits are of use:-
Coal is about 25% of bulk weight of through put.
Present year of coal about 2.3m ton and forecast to be no less for 05.
LPC contract with solid energy has about 13 years to run.
Solid energy hope to increase production to 4.0mt.
Unclear arrangement between solid energy and rails to get coal to LPC

cheers

[Steve]

Thanks for the info Foodee.

Do you know if the increase in production has already been committed to go thru LPC?

[foodee]

Steve
Unsure, will have to look at the 2002 announcement when I have sometime tomorrow - won't do any harm to refresh my memory in any case.
As a guess LPC(? and others) won't spend 30millon to complete an upgrade in April 04, without ensuring capabilities and continuity of throughput.
cheers

[foodee]

Had a look at the 2002 contract announcement.
There is no exclusive bind from solid energy.
There is a 'buffer' for LPC which I take to mean a 'guaranttee minimum'.
Solid energy has an 'out' in 2009 if coal production is not econimical - unlikely, unless the good stuff has/is running out!

In todays news the govt is to spend 25mill on upgrading the 'coal track'. Estimated requirement 75mil.

My understanding is that all the coal (including Pike) in the region will have to come to the Westcoast first.

Now, imagine if all this coal were to............[]

cheers

ps LPC sp seems to be inching up, picked some more up at 1.67 the other day

[Steve]

Thanks for looking into that Foodee. Well worth thinking about.

[foodee]

Another boring week for LPC-bored through 1.80 with healthy volume.

[Stock Man]

Hi,

Yep, the quiet achiever! LPC is quite a thinly traded stock, so it doesn't take much to push/drop the price. I have captured the last 7 months of LPC.

This is a perfect example of 2 trends: the first, a sideways trend (captured between the 2 magenta lines) lasting until mid july. The second, LPC starting to trend, after the break out in mid July.

Incidently, the mid july breakout had plenty of warning for those who follow LPC. The adx jumped from below 14 to over 30 well before the 21 July breakout! Also was a fair amount of positive volume action. LPC was just screaming for attention!

LPC has acted quite normally since July's breakout. First a symetrical triangle formed (shown), before LPC gapped up and formed an ascending triangle.

Is the break above the ascending triangle valid.....who knows. However, given all the evidence, it could be a good trade. However, as I mentioned in the very first line....LPC is a reasonably thinly traded stock!



pls do your own research first.

[foodee]

SM
The nice picture tells all - appreciatd.
Incidently my topup in July was not based on TA which I neither have the skill nor the tool.

cheers

[airedale]

Interesting to look back on the weekly charts. This time last year it was $1.85 and on the 10th Oct it nudged over $2.00, Then some nervousness about capital expenditure on new wharves sent it back to the $1.60 buy zone.
Heavier than usual volume recently,wonder if there is something brewing?

[foodee]

There is a report out from ABN that Solid energy & Toll have made an agreement to increase coal from 2.4 to 3.8mt over the next 3 years to LPC. Evidently SE has taken all the capacity provided by Toll thereby shutting out PRCC. This would probably explain LPC sp increase the last few days.

cheers

disc: hold LPC