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Altona poised for Chinese funding - speculative buy

By Robert Tyerman | Tuesday 5 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Volatile AIM performer Altona Energy (ANR) stands to receive £500,000 any day now as a first payment from Chinese partner Sino-Aust Energy Group as part of an A$33 million (£16 million) funding package agreed late last year for the company's Arckaringa coal-to-methanol, and ethanol underground coal gasification (UCG) project in South Australia. is that a trigger to view the shares as a speculative buy?


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