Geo Energy Resources

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  • #15479

    Questions
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    Hi Guangzhi, can you expand on Geo’s M&A plans, any targets found or when can it be completed? I understand they are intending to seek an acquisition to boost their reserves for a stated amount and an ROI of >20%. How difficult or easy is it to find such a target given that coal prices have increased substantially since M&A plans were announced in 3Q17?

     

    – Asked by a participant during Weekly Market Outlook (19 Mar 2018)

    #15480

    Research Department
    Replying to #

    Thank you for your question!

    It is expected that Geo will announce some acquisitions this year. Right now the average market price of mines measuring by reserves is US$2.5 to US$3/tonne. Based on the outlook of coal price of US$40/tonne, Geo could achieve the target. In 1Q18, Geo approached several targets.

    – Chen Guangzhi, Investment Analyst

    • This reply was modified 55 years, 4 months ago by .
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