Westmoreland Resource Partners LP (fka WMLPQ)

[Renee]

WMLPQ BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[bigblue72]

Anyone get a Schedule K-1 after flipping shares of WMLP?? Trying to figure out what this form is.

[420man]

It's official....anyone buying from here on out will be basically buying air shares since the tender offer for .01 closed as of 11:59 last night.

[420man]

I'm not exactly sure. You can only claim $3K a year no matter how much you lost. JMO

[ChicagoSour]

So if you take the offer, does it amount to a "write off" loss. If not then you will just lose anyway considering the Bankruptcy? They probably will not recover, so what would be the alternative?

[420man]

Tender offer .01... Hmmm

[Renee]

WMLP changed to WMLPQ, bankruptcy:

http://otce.finra.org/DLAdditions

[wickerman]

Coal producer Westmoreland Resource Partners files for bankruptcy
yep..

https://www.marketwatch.com/story/coal-producer-westmoreland-resource-partners-files-for-bankruptcy-2018-10-09

[Herb1]

WMLP, thank you for your comment, TuiTui. That target sounds not too extreme to me.

Let us follow the Action closer and I will set a reasonable mental stop-loss later on.

[TuiTui509]

It will move back to close to recent highs. My price target for short term will be $4.0-4.50

[Herb1]

WMLP, TuiTui, do you believe WMLP can go considerably higher from the actual quotes? I mean, up to $2,50 + within the next days?

[TuiTui509]

I don’t swing trade. I don’t want to deal with wash sale burden.

I buy low sell high and move on.

[Herb1]

WMLP, my Position isn't a huge one, neither. I will swing trade it and try to get more Shares with this tactics. The News are really good for the stock and should give it some traction for the next time.

Best,
Herbert

[TuiTui509]

NP. I am not an investor but rather a trader on this one. But like it so far and think it will raise up.

Currently hold a very tiny position at avg 1.87

[Lenard]

Barry was a fraud

[cjstocksup]

Thank God we have Trump now!

[Herb1]

WMLP, thank you very much for sharing the link, TuiTui. This is a very interesting development that we are facing now with this decision by the Trump Administration. Are you also invested in WMLP?

I wish you the best and good luck,

Herbert

[Lenard]

Epa said to be rolling back obama's bs

[cjstocksup]

Traders are always trading the WMLP swings and yes I noticed another swing today. Make sure to take profits into swings up. Buy on the dips.

[TuiTui509]

Link

https://apple.news/AloPGJqZNTjSKHoPKV4Nu0w

[Herb1]

Good afternoon, CJ,
I hope you are still invested in WMLP. The stock has suddenly taken the $2-hurdle. Actually it is at $2,10 (+19,47%), HOD: 2,20. I hope it's on the verge of a real breakout. Volume is awesome for such a low-floater.

Your awesome DD helped me to buy some of the Shares. I'm Holding them for at least a 200%-gainer, which is quite possible as I have seen with former trading sessions.

I thank you again for your great DD und would like to hear more from you, my friend.

Good luck to you and all WMLP-Investors

Best regards,
Herbert

[Herb1]

WMLP, USD 2,17!!!!!!!!!!!!!
Finally some REALLY good Action.
Volume out of control: 240.000. Green: +23,34%!
Does anyone have a clue, why this sudden break out?

Best to all of us,
Herbert

[Herb1]

WMLP showing some Action again! HOD $ 1,97; now: $ 1,90! Consolidation over and upwards trending?!

Best of luck to you, fellow WMLP Investors/Traders
Herbert

[Herb1]

WMLP showing some Action again! HOD $ 1,97; now: $ 1,90! Consolidation over and upwards trending?!

Best of luck to you, fellow WMLP Investors/Traders
Herbert

[TuiTui509]

After reading the 8K. It makes sense to me. I will get in with a small position and see where it can fly.

I think the pump is not over yet. So will take the ride.

[Crystalballz]

They must have forgot to actually print the "Forward Looking Statement" clause on it.. I will look again.. but in the meantime enjoy the early warnings of the noted 8k debt waiver(s)
Bon Appétit !!!!

[Lenard]

If it was a lemonade stand I probably would say no. This is a coal company not a franchise stand for Sunkist

[Crystalballz]

Are you sure you want to do this? LOL $315 MILLION

[Lenard]

You should be laughing all the time. The "going concern....substantial doubt" statement is common

[Crystalballz]

Hilarious!!! LOL ----> $315.9 million is classified as a current liability on our Consolidated Balance Sheet as of June 30, 2018 . The Partnership does not currently have liquidity or access to additional capital sufficient to pay off this debt by its maturity date. This condition gives rise to substantial doubt as to the Partnership’s ability to continue as a going concern within one year after the date that these financial statements were issued.

[TheFinalCD]

$3 - $2 not so nice

[cjstocksup]

Yes. AWX ran to $30.00 premarket on it's highs and it also started in the $1.00 range initially. WMLP has a far lower float. Certain traders tried to get this stock started on Friday when they hit almost $6.00 pre market. They should be able to run it huge soon.. Today was an anomaly IMO.

[laplova]

I like the ref comparison you made with awx regarding going up to 30. Do you think this is much better real company with higher potential than that

[cjstocksup]

It was manipulated down just like it was manipulated up to almost $6.00 premarket on Friday. Big money is playing this up and down and up and down refer to the charts. I added down here again today for the next big run. The 10Q was not bad there was no reason for the gap down premarket except some fools sold because the halt on Friday scared some who have never traded WMLP before. Geez it get's halted several times a day most of the time due to the tiny float.

[laplova]

but why did this drop soo much today. It looks like it can even go 1.5 or evn $1 by eod

[cjstocksup]

Read the 8K waiver from 7/31/2018 days ago on that 210 million dollar loan they recently got. That was good news and shows some of the older 2014 loan was waived with the new money so they should not demand repayment anytime soon and I am not worried about Dec. 2018. Based on todays filings and future earnings expected it looks like they plan on paying all loans in full just ahead.. Anything positive and the groups can run it up huge for days IMO. They have ran crappy good stocks to $20.00 and $30.00 just because they have low floats. WMLP has the lowest float of any huge runners. 1.1 million shares. The OS is 1.3 million shares.

[Lenard]

In coal it looks like Alliance Resource Partners and Westmoreland Coal will not only survive, but also thrive. If you have a contrarian bent, take a deep dive on these two.

[cjstocksup]

WMLP Company Overview
Company Contact

Headquarters: 9540 Maroon Cir Ste 300
ENGLEWOOD, CO 80112-5730
Web Address:
https://westmorelandmlp.com/

Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. The Company markets coal to electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. Its reserves and operations serve its market area of the Midwest, Northeast and Rocky Mountain regions of the United States. The Company operates approximately 20 active surface mines and manages these mines as mining complexes located in eastern Ohio and Wyoming. The Company's Ohio mining facilities include approximately two preparation plants, both of which receive, wash, blend, process and ship coal produced from its mines. The Company's operating subsidiaries include Oxford Mining Company, LLC, Oxford Mining Company-Kentucky, LLC, Westmoreland Kemmerer, LLC, Westmoreland Kemmerer Fee Coal Holdings, LLC and Harrison Resources, LLC.

[cjstocksup]

Look how many times they ran WMLP in July. We just got a new loan.

[cjstocksup]

And yet this states they will survive!
These 2 Coal Companies Will Survive Even As Competitors Go Bankrupt
https://www.fool.com/investing/general/2015/08/03/these-2-coal-companies-will-survive-even-as-compet.aspx

[wickerman]

WMLP probably soon their parent WLBA is already bankrupt.

https://www.sec.gov/Archives/edgar/data/1412347/000141234718000029/q22018wmlp.htm

[cjstocksup]

I have never seen a lower float big board stock than WMLP. This one should be fun ahead. I bet we see the groups who love to run the low float stocks huge run this one over $10.00 andn$20.00 one of these days. It was fun to see almost $6.00 premarket on Friday. They gapped it up $4.00 in premarket.

[Lenard]

I like halts when there's a reason

[cjstocksup]

INND get's halted several times a day due to the low float. It is halted give it a few minutes.

[Lenard]

60 cent spread for another halt

[TheFinalCD]

$2-$3= 50% nice

[laplova]

wow this feels like a pump and dump

[TuiTui509]

Pump n dump time!

[cjstocksup]

People panic sold due to Fridays halt ahead of earnings. They are used to the daily halts because of volume but the Friday halt ahead of earnings scared some. So what. It was manipulated to about $6.00 on Friday AM. It was manipulated down this AM. This stock will move up and down with ease due to the tiny float. If you do not understand that I would not trade it if I were you.

[Sukhoi]

Sold 5 second before the Halt on Friday wow