“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, July 03, 2008

Bayan aims to raise Rp 6.4 trillion from IPO in August

Alfian, The Jakarta Post, Jakarta | Thu, 07/03/2008 10:38 AM

Coal producer PT Bayan Resources plans to sell 25 percent of its shares through an initial public offering (IPO) in August and expects to gather up to Rp 6.4 trillion in proceeds.

The country's eighth largest coal producer will sell 833.33 million shares, 500 million of which are existing shares and the remaining 333.33 million new shares, at prices ranging between Rp 5,600 and Rp 7,700 each, said Akhabani, a director at PT Trimegah Securities, which is arranging the sale.

The book-building period for the IPO will run from July 29 to August 1, 2008. The shares will begin trading on August 8, 2008, on the Indonesian Stock Exchange.

Company president director Eddie Chin Wai Fong said approximately 60 percent of the proceeds would be paid to existing shareholders.

The remaining 40 percent of the proceeds will be used on expansion projects, including the acquisition of a floating transfer station in Kalimantan worth up to Rp 315 billion and the development of coal mining projects in East and South Kalimantan that will absorb up to Rp 1.02 trillion, he said.

The company is considering whether to acquire more coal mines in the future, Eddie said.

Finance director Alastair McLeod said with the coal sales price expected to increase to an average of between $76 and $80 per ton by the end of the year, the company forecasts revenue to reach more than $750 million in 2008, up from $374 million last year.

The year net profit depends much on the fluctuation of crude oil prices as fuel consumption contributes 30 percent to the production costs, Alastair said. He refused to make a net profit estimate.

The company booked Rp 252.7 billion in net income last year.

Bayan expects to increase its coal production to 9 million tons this year from 4.7 million tons last year. The 2008 projected sales volume is 9.9 millions tons, up from 7.1 million tons last year.

Through its eight subsidiaries, Bayran owns the rights to mine coal in 81,265 hectares of land in East and South Kalimantan. The company exports all of its coal production, but remains aware of the need to fulfill domestic demand.

"We have participated in the PLN (state-owned electricity company) tenders and we would continue to do so," McLeod said.

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