Rhino Resource Partners LLC (fka RHNO)

[wiltonio]

Rhino Resource Partners Holdings LLC has filed a new activist 13D, reporting 38.7% ownership in $RNO - https://fintel.io/so/us/rno

[Timothy Smith]

Rhino Resource Partners (NYSE:RNO): Q2 EPS of -$0.27 misses by $0.07.

Revenue of $56.77M (+1.6% Y/Y) misses by $1.65M.

[cowboyinvestor69]

Remember they have requirements to meet on listing

[cowboyinvestor69]

id buy small

[Timothy Smith]

Buy when everyone is selling, right?

[cowboyinvestor69]

Yea all commods are in trouble unless they have cash it'll be a showdown of survival for most across the board the wealthy are licking their chopps to buy cheap soon

[Timothy Smith]

Rhino Resource Partners (NYSE:RNO) says it is suspending its Q2 distribution to conserve liquidity and cash flow.

[cowboyinvestor69]

They are in a nice position to grab new customers as the industry falls apart. they have a great no debt position with forward earnings growth in their favor

[Jonas3]

I could see that, but it sounds like they have some cash flow in the Illinois basin working for them. Despite the bad market, coal too will rebound.

I think these are bargain prices for a company that has a lot of positives going for it.

[cowboyinvestor69]

i understand they sold their holdings in oil and gas this is why they re debt free and in position. What im saying is opec is shaking the tree and forcing out the little guys and the three way hedges will knock down the rest. RNO is in a position to pick up some oil and gas again cheap. As we all know oil will go back up sooner than later.

[Jonas3]

They just sold out of oil and gas for their Pennyrile mine in Illinois. I think coal will start to rebound as an industry and Rhino is in great position to be a key player due to it's lack of debt and groaning operations

[cowboyinvestor69]

they should look into some oil shale again as the price drops in shale world they may get it cheap and hold for next year oil will hit 90's again.. opec is shaking the oil tree.. time to go shopping soon cheap

[Jonas3]

So not quite fully understanding this stock... A week ago, it was oversold at 1.77 (according to the street) and drops down another 23% this week. Motley Fool paints a pretty good long term picture too. I understand this company has had some troubles with the current market, but I'm VERY surprised to see it as low as it is.

http://www.thestreet.com/story/13168816/1/rhino-resource-partners-rno-shares-enter-oversold-territory.html

http://m.fool.com/investing/general/2014/06/03/can-rhino-resource-partners-lp-buck-the-coal-trend

[Timothy Smith]

Rhino Resource Partners (NYSE:RNO) says it is temporarily idling most of its Central Appalachia coal operations due to ongoing weakness in coal markets, affecting nearly 200 employees.

[dahms]

Anyone know anymore about the new contracts that are supposed to happen this year?

[plinter1]

Surely it has to stop at some point. Lol. So glad I got out almost as soon as I got in

[Falken Trader]

Bleeding

[plinter1]

Agreed. I bought it a couple of days ago at 5 I'm hoping today will be a better one

[JJL]

It actually held good. imo Tomorrow may tell the tale.

[Bustajoy]

Haha. You called it. I'm still bleeding

[bhenchoddonga]

Blood bath coming soon, watch out

[JJL]

Correct, I got in at 5 though. :)

[DAD2]

Don't buy too early blood bath continues after the open imo.

http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#rno

[Stockexpertpro]

RNO 14$ Book Value Per Share News out today saves the Company 44 Million Dollars a Year these idiots selling in the AH at all time lows look at the chart stock never even traded at 7$ anywheres near it in the past 5 years these idiots are dumping at 50% book value on news that the company is going to save 44 Million Dollars a Year... Look to Buy in the morning I just found this stock tonight btw

[cowboyinvestor69]

Stop borrowing at variable rates gees

[cowboyinvestor69]

RHINO should look at VHGI for a buyout while its cheap

[cowboyinvestor69]

large short interest compared to volume

[cowboyinvestor69]

any news on new gas lands being purchased

[zippy56]

Got my funds this morning.

[JTM]

When are they going to release the funds to the RNO share holders? RNO stopped trading on Sep 30th. Does anyone know when they are going to release the payment to the RNO stock holders?

[takeover]

Buy out

Lundin Mining's Offer for Rio Narcea Securities Expired August 20, 2007
Wednesday August 22, 12:22 pm ET


TORONTO, ONTARIO--(MARKET WIRE)--Aug 22, 2007 -- Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company")(Toronto:RNG.TO - News)(AMEX:RNO - News) today announced that as of August 20, 2007, the final day of Lundin Mining's amended offer to acquire all of the Company's shares and warrants, 158,018,283 shares of the Company had been tendered in response to Lundin Mining's amended offer, which was announced on July 17, 2007. These shares represent approximately 93.1% of the Company's shares outstanding. In addition, 20,099,020 share purchase warrants had also been deposited in response to the amended offer. In combination, the shares and warrants tendered under the offer total approximately 92.9% of the Company's fully diluted shares outstanding. Under the terms of the amended offer, the Company's shareholders and warrant holders will receive CDN$5.50 for each share and CDN $1.04 for each warrant tendered to the bid.
ADVERTISEMENT


Lundin Mining will now undertake a compulsory acquisition transaction under the Canada Business Corporations Act to take up the balance of the shares. Following the compulsory acquisition, the Company's shares will be delisted from the Toronto Stock Exchange and the American Stock Exchange.

Forward-looking Statements

This report contains "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, capital expenditures, exploration efforts, financial needs and other information that is not historical information. The forward-looking statements contained herein are based on Rio Narcea's current expectations and various assumptions as of the date such statements are made. Rio Narcea cannot give assurance that such statements will prove to be correct. These forward-looking statements include, but are not limited to, statements regarding: Rio Narcea's operating plans and expectations for the El Valle and Carles mines, the Aguablanca mine and surrounding properties; the Tasiast development project and the Salave gold projects; expectations relating to future gold and base metal production; anticipated cash and other operating costs and expenses; schedules for completion of feasibility studies, mine development programs and other key elements of Rio Narcea's business plan; potential increases or decreases in reserves and production; the timing and scope of future drilling and other exploration activities; expectations regarding receipt of permits and other legal and governmental approvals required to implement Rio Narcea's business plan.

Factors that could cause Rio Narcea's actual results to differ materially from these statements include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production, unanticipated grade changes, unanticipated recovery problems, mining and milling costs, determination of reserves, costs and timing of the development of new deposits, metallurgy, processing, access, transportation of supplies, water availability, results of current and future exploration activities, results of pending and future feasibility studies, changes in project parameters as plans continue to be refined, political, economic and operational risks of foreign operations, joint venture relationships, availability of materials and equipment, the timing of receipt of governmental approvals, capitalization and commercial viability, the failure of plant, equipment or processes to operate in accordance with specifications or expectations, accidents, labour disputes, delays in start-up dates, environmental costs and risks, local and community impacts and issues, and general domestic and international economic and political conditions.

Rio Narcea undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.



Contact:
Contacts:
Roth Investor Relations, Inc.
Michelle Roth
[phone]
Email: [e-mail]
Website: http://www.rionarcea.com

[zippy56]

Delisted from the exchanges before compulsory acquistion. Any lawyers out there?

[takeover]

Trading pattern seems strong

[zippy56]

At all time highs! buy! buy! buy!

[takeover]

hi Guys I have added a about $50k into RNO over the last two weeks I think we might see $8 if Gold goes to $800.

[Doug Hauser]

I sure hope so as I sold her. based on the news I read felt that I might get only LMC bid px USD 4.50 and market price was higher. So said sayanara after many months of pleasure.

[SBL321]

So this company is going off the market? due to the take over?

I read that the max buy out is 5.00 (It's here)

[Rhubarb]

Something i just ran accross, looks like Lundun is in serious consolidation Mode, with another buyyout deal.

http://www.mining-journal.com/Breaking_News.aspx?breaking_news_article_id=2215

[Rhubarb]

http://gold.seekingalpha.com/article/31852?source=d_email&u=50956
im a chariot shareholder, we alll want more dont we...
Thieft of 2 Canadian mining companys

[bob3]

Lundin deal leaves nickel market thin
Friendly bid for Rio Narcea removes one of the last large nickel miners from TSX

ANDY HOFFMAN

MINING REPORTER

Marking the second major nickel sector deal in less than two weeks, Lundin Mining Corp.'s $1-billion all-cash bid for Rio Narcea Gold Mines Ltd. will also remove one of the last sizable nickel plays from the markets at a time when the metal is trading at all-time highs.

Nickel was once a key part of the Canadian resource investment sector, but with the disappearance of Inco Ltd. and Falconbridge Ltd. and last week's takeover bid for LionOre Mining International Ltd., large nickel miners have all but vanished from the Toronto Stock Exchange.

The friendly agreement with Rio Narcea will give Lundin control of the Aguablanca nickel mine in Spain. The mine, which produces roughly 14 million pounds of nickel a year and a similar amount of copper, is close to Lundin's base metal assets in Portugal.

"There's no better place to get into the nickel business than our own backyard," Lundin vice-chairman Colin Benner said on a conference call to discuss the deal.

"It adds to our commodity mix and we believe that adding nickel to a base metal mining company is easily explainable based on the fundamentals of the nickel market to date," he said.

Nickel soared to another record on the London Metal Exchange yesterday , jumping $910 (U.S.), or 1.9 per cent, to $49,500 a tonne, the highest ever. The price of the metal has more than doubled in the past year on rising demand from China, inspiring a wave of industry consolidation. Last week, Xstrata PLC bid $4.6-billion (Canadian) for Toronto's LionOre, which has nickel assets in South Africa, Botswana and Australia.

That deal followed the heated takeover battles for Canadian stalwarts Inco and Falconbridge last summer. The two nickel companies fell respectively to emerging foreign mining giants Companhia Vale do Rio Doce (CVRD) of Brazil and Xstrata of Switzerland in deals worth roughly $40-billion combined.

"There's not many places left to go," said David Whetham, who manages the Scotia Resource Fund, which owns 825,000 Rio Narcea shares.

"We're just going to have to become more international and look at buying companies like CVRD to get our nickel exposure."

The dwindling number of pure-play Canadian nickel companies left on the TSX are not only small, they're also riskier investments because they are either single asset ventures such as Skye Resources Inc., which is developing a mine in Guatemala, or ones with operations focused in a single geographic region, like FNX Mining Co. Inc. in the Sudbury Basin.

"You're exposed to the risk of something going wrong with that mine, whether it's a strike or a pit wall failure. It's always better to have a diversified base, much like Inco and Falconbridge had," Mr. Whetham said.

Vancouver-based Lundin is offering $5 a share in cash for Toronto's Rio Narcea, a mere 18 cents above the company's closing price on Tuesday.

However, the stock rose more than 17 per cent in the week leading up to the announcement.

Charles Oliver, manager of the AGF Canadian Resources Fund, whose firm owns 3.5 million Rio Narcea shares, said he's not particularly impressed with the premium.

However, AGF also owns nearly three million Lundin shares and he thinks the company is on track to achieve its goal of becoming a major force in the mining world, especially now that roughly 25 per cent of its revenue will come from nickel.

"As a Lundin shareholder, I'm quite pleased to see them make this bid. I think these guys are pretty smart," he said, adding that "[Xstrata CEO] Mick Davis and the Lundins are not foolish people."

Lundin plans to sell Rio Narcea's interest in the Tasisast gold project in the West African country of Mauritania to Red Back Mining Inc. for $225-million (U.S.) in cash and the assumption of $42.5-million in debt.

Red Back is part of the fast-growing Lundin empire, a sprawling collection of resource assets with a combined value of more than $10-billion. Chairman Lukas Lundin, who is based in Vancouver, has been an active participant in the consolidation of Canada's mining sector, recently snapping up EuroZinc Mining Corp. and Toronto-based uranium miner Denison Mines Inc.

http://www.theglobeandmail.com/servlet/story/LAC.20070405.RNICKEL05/TPStory/Business

[Doug Hauser]

Yes I am way disturbed. RNO had the traders way for sure and easily could go on to 5-6 bucks by year end. Screw Lundin they put an end to our joyride too early

[Rhubarb]

I found a lil something from rob TV for you boys over here..

http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.20070404.00049000-00049762-clip1/h/220asf...

Its a interview with one of the gents from Lundin mining about the offer

I should bought in here when they bought into my chariot
coulda shoulda woulda...

[Rhubarb]

Congradulations all
i was just letting my mind wander in another forum and wonder if im on the wrong track over there?

http://www.investorshub.com/boards/read_msg.asp?message_id=18494252

[JamaicaBaby]

Posted by: JamaicaBaby
In reply to: ezcomngo who wrote msg# 4055 Date:4/4/2007 1:09:19 PM
Post #of 4070

from earlier today EZ

10:21AM Rio Narcea Gold Mines: LMC confirms it will acquire RNO for Cdn $5.00 cash per Share and Cdn $1.04 cash per Warrant. (RNO) 4.18 +0.00 : Lundin Mining Corporation (LMC) and Rio Narcea Gold Mines (RNO) confirms that they have entered into a definitive support agreement pursuant to which Lundin Mining will offer to acquire all of the outstanding common shares of RNO on a fully diluted basis and all of the outstanding warrants of RNO by way of a take-over bid for Cdn $5.00 cash per Share and Cdn $1.04 cash per Warrant. The consideration under the Offer represents a 22.90% premium over the 30-day weighted average trading price of Rio Narcea's Shares as at April 3, 2007 and a 3.7% premium to the closing price of the Shares of Rio Narcea on April 3, 2007... Rio Narcea has entered into a support agreement with Lundin Mining that provides for, among other things, a non-solicitation covenant on the part of Rio Narcea, a right in favor of Lundin Mining to match any competing offers, and a non-completion fee payment of Cdn $25 mln to be paid by Rio Narcea under circumstances. (RNO is halted)

[flo_fan]

4/4/07 open at 4.3

LMC all @ $4.35

[bltra]

VV Has RNO Value at $6.87 pps em

[Doug Hauser]

Not out of the blue. 1. Copper ready to run again. 2. RNO has big muscle now and obviously wants all of Chariot.

Yes I know we own almost 20 percent. I been buying RNO since 1.88 last summer. Done real well here I might add.

[Rhubarb]

Out of the blue for no good reason chd went from .82-.86 on friday and .86-.94(close) today with a high of .99
a well overdue move for chariot to say the least, and anyone in RNO would have to agree it is good for you guys too considering RNO owns 19.999 % of that lil canadian company.
CHEERS

[Clemdane]

hahaha! Yes, I bought 500 shares for my IRA at 3.99.

[Doug Hauser]

Now Clement of the Danes I surely hope you took my sage advice and brought in some RNO while it was under the quad. We aint get these chance too often to catch a shooting star.