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FYI
Terms of the new loan deal are done, all the company is waiting for is the ok from the lenders and the loan docs... That is the news we are waiting to hear.
The company back in May 7th started the refinance process to control the debt they had.
They got a signed commitment letter from the banks, It usually takes 60 days to do loan docs etc.. Shorts started to cover because they must be in the know that the company did indeed close on the deal.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8597318
Company has in Reserves 1.9 Billion Tons
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8604499
PCX
Folks should take a look at this.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8604499
churning between 2.32-2.37 or so.. lets see if we get massive buying close to end of day or not.
St. Louis, Milwaukee, Minneapolis, Chicago and several other Midwest cities already have broken heat records this week or are on the verge of doing so. And with even low temperatures setting record highs, some residents have no means of relief, day or night.
http://usnews.msnbc.msn.com/_news/2012/07/06/12597271-record-breaking-heat-bakes-midwest-heads-east?lite
Triple-digit scorcher: Heat bakes Midwest, heads east
Record-breaking heat bakes Midwest, heads east
http://usnews.msnbc.msn.com/_news/2012/07/06/12597271-record-breaking-heat-bakes-midwest-heads-east?lite
Blackstone does it all, They have deep contacts in overseas markets and are well known with getting company's cash when they need it. they are also very good when it comes to financial guidance and that is another reason why maybe the company brought them in to secure the finance deal.
Exactly, this is big money in play here.
anyone have a chart they can post
need to break $2.30 to get rolling again. lets goooo
stock moves up and down fast. enjoy the trading day. Hope we get news!
NO ONE THROWS $20K ON A PINKSHEET THAT HAS HA 0 VOLUME SOME DAYS.. INSIDE INFO WAS SPILLED OUT.
PCX WAS ON CNBC Pops & Drops of the Day YESTERDAY!!!!
http://video.cnbc.com/gallery/?video=3000101080&play=1
Well it's no different then folks putting there faith in a god, or in a president, or in a super star athlete... No different. You have an opinion and I have mine. Thanks. Coal is here to stay for many yrs to come.
I got in because it was so dam undervalued and I love when people start yelling BK BK BK!
exactly, they needed a new face and a new team of guys to lead us out of this pie hole. I am sure the banks have to be feeling better now that a vet like Engelhardt is now on top.
The banks got help when they needed it, The coal industry needs help now to get it thru tough times. Not the 1st time they have been thru hard times.
Here is my take on things and this is why I am long.
The company has to get the fiance deal done, Once it does I think we will see our new CEO (which has to be one of the most experienced CEO's dealing with the coal industry) focus on turning things around and that starts with looking for more overseas buyers. Getting a few big overseas contract's will install confidence that the shareholders need to see in this new management team. I think the banks that are part of the finance deal wanted a new guy at the helm. I am looking forward to seeing how hot we can get in the summer and how cold our winter is going to be.
profit taking always happens when a stock takes off like the way PCX did. It's normal, We did churn in the 2.23-2.35 area, would have been nice to have a little stronger close but dont forget at one point the stock reached $2.60+. So profit takers from 2.10+ banked nice when it reached that high.
CNBC today put us on the map BIG TIME, After that after hours started to move up nicely.
recovering nicely in after hrs.. up at $2.36
Oh yea, I agree! Lawsuit is a clear win for the company, its a breach of contract..
PCX 85,000 contracts today MOST ON THE CALL SIDE
85,000 contracts today MOST ON THE CALL SIDE
PCX ON CNBC Pops & Drops of the Day!!!!
http://video.cnbc.com/gallery/?video=3000101080&play=1
PCX ON CNBC Pops & Drops of the Day!!!!
http://video.cnbc.com/gallery/?video=3000101080&play=1
I pulled the docket of the case yesterday along with the complaint, As of right now waiting for the other party to file an answer.
Yup right here!
http://www.cnbc.com/id/48086242
The catalyst: Energy market data firm Argus Media said mining costs for Australian companies have been surging. That could be good news for U.S.-based companies because Australian companies might have to cut back on production.
The trade: I’m seeing a lot of call buying, says Fast trader Pete Najarian, co-founder OptionMonster.com.
AH looking good, Nice buys coming in.
Everyone has there opinion, I have mine. 3 worthless PR's that he could have just made into 1. He did not have enough meat on any of them.
3 Pr's all a complete waste of investor money and full of nothing but disappointment.
What a day! See everyone tomorow. Wonder how much the shorts were able to cover. We saw heavy profit taking and then churning at 2.23-2.32
its end of day profit takers... they will sell now rather then power hr.
Power hour is going to be interesting!
Short cover I think will continue until Friday, No one wants to be short when that news comes out.
Battle going on here with profit takers.
Here come the profit takers.
Right now finance news is on everyone's mind,
Once we secure that I agree $3.25+
don't get me wrong BRO, I got almost 50k shares I would be happy. But I am also being real and dont need to throw out pumpy numbers.
based on what? lol... come on... I am long but lets be a little realistic...
Once finance news hits we will see $5+