20th April 2018 OKD profit in the media is an underestimated 3.4 billion CZK134.4million euro
http://oenergetice.cz/rychle-zpravy/zisk-okd-v-prvnim-pololeti-2017-cinil-228-miliardy-korun/ **23rd August 2017. 1h2017, OKD Profit in the First half of 2017 was in the past quoted at 2.28 Billion CZK (90+ Million Euro) so looks like more alleged under quoting of true profits! . And available cash at OKD amounted to CZK 2.37 billion at the end of June 2017. And the Czech State behaving like communists and committing the alleged thievery from us the minority shareholders of New World Resources Plc who really own OKD.a.s. After all it was us who saved OKD from an irreversible bankruptcy in 2014. Lastly I am alleging and pointing out that I believe OKD is making dishonest statements about the true production figures and sales of coal, including the long past 800,000 tonne NWR coal stockpile sold at the start of bankruptcy after May 2016!. Key points: 1. OKD repaid to the state a loan of CZK 150 million, which Prisko provided it with operating funding last year. 2. OKD mining company achieved revenues of 16.8 billion crowns last year and generated a profit of 3.4 billion crowns. (Note: I estimate over 10+ Billion crowns(400+ Million Euro) for the period from 1st October 2016 until April 2018 would be close to the truth!.) 3. For economical reasons last year, OKD closed down mining in the Paskov Mine . Note: Paskov last reported cash cost for it's mid vol coking coal was 100 euro a tonne( Note: OKD average cash cost last reported average at 60 euro a tonne). Q1 2017 pricing settled at $285usd/269euro a tonne. 4. OKD went bankrupt due to declining coal prices and over-indebtedness . Note: Only 2.9 billion czk was recognised. Rest of the debts most likely to have been future contracts. And +10 billion Citibank not recognised, I allege it's in Bakala Swiss bank account. 5. Creditors, insolvency trustee and court have approved a reorganization plan for the company. It included the transfer of property to the state, which paid less than 80 million crowns( 3.2 Million euro) for OKD. THIEVERY! See news section below for latest links about the thievery of OKD. TOP SECRET INFORMATION, NOW HAS BEEN RELEASED FROM THE INVESTIGATIVE COMMISSION TO INFORM THE CZECH PEOPLE INTO ALL THE ALLEGED LIES ABOUT OKD. **Česky prosím stáhnout a uložit na plochu. Zkopírujte a vložte do překladače Google***. Tady: https://translate.google.com.au/?hl=en&tab=TT https://www.docdroid.net/YqgELJa/okd-in-2004-european-commission-no-illegal-state-aid-report.pdf P10 (46) The arguments RPG put forward were similar to those made by the Czech authorities. In particular, RPG underlined the poor general condition of the apartments and the need for investments to maintain the apartments habitable, which in the years 2004-2009 alone amounted to CZK 2.67 billion. (48)The new 2010 Ernst&Young report has taken the end of 2003 as the valuation point. The report has used an income-based approach and has also taken into account comparable sale transactions of houses. In other respects, the methodology used by Ernst&Young in its 2010 report is consistent with its previous 2006 report. As a result, the 2010 Ernst&Young report calculates the estimated price per apartment to be in a range from CZK 32 200 to CZK 43 200. This result therefore confirms the value of CZK 40 000 established in the first expert report. (26) iv) the pre-emption right, unlimited in time, granted to the original tenants enabling each tenant to purchase the apartment he lives in at the fixed preferential price of CZK 40 000, provided that the owner would put the apartment up for sale. *** NOW THIS NEVER HAPPENED AND IT LOOKS LIKE A LEGAL CONTRACT. SO ASK THE CZECH GOVERNMENT WHY NOTHING HAS EVER BEEN DONE TO ENFORCE IT!!!. ALLEGED INCOMPETENCE!!. Pavol Krupa Constitutional Court criminal complaint is valid. But where are the Czech politicians and why are they not helping or what appears to me as doing nothing but talk. This happened 14 years ago in 2004. So will the Czech tenants ever get there apartments returned for 40000czk?. My apologies and I am not a lawyer or qualified so it's best if I do not speculate. Lastly on Page 10 (46) They talk about the 44,000 former OKD apartments being damaged and must be repaired at cost to RPG. “RPG underlined the poor general condition of the apartments and the need for investments to maintain the apartments habitable, which in the years 2004-2009 alone amounted to CZK 2.67 billion”. Using http://www.cnb.cz/cs/index.html rate set at on the 10.April 2018 at 1 Euro buys 25.335Czk. 2.67 Billion czk=105,387,803 This means each and every of the 44,000 apartments in Ostrava needed repairs of 60,681czk each!!!. And that does not include the very cheap rent payed by the tenants. So here are the facts that nameless sycophants in the Czech Republic are covering up and proof that the nameless faces don't want the public to know the truth!!. THE WHOLE WORLD NOW ESPECIALLY BUSINESS IS WATCHING THE CZECH REPUBLICS NEXT MOVE!. +++++++++++++++++++++++++++++++++++++++++++++++++ Now in regards to OKD coal mines at the Czech Government minority sale in April 2004. Most coal miners similar to OKD would trade on or near earning multiplies around 10-13 times (PE ratios).So the Czech government sold its remaining 44.8% minority shareholding in 2004, which in total at the time valued OKD at 370,000,000 euro, but market prices for the coal mines would have been really worth in the range of 130-169 million euro. So the Czech Republic really did get market prices when it sold OKD and all its coal mines between 1998 and early 2004. The costs to run, buy new machinery and work the mines all add up. It's a fact, just look at the global coal prices from the time it's all the evidence the whole world can now see with their own eyes. 1. https://postimg.cc/image/of33if8uz/ 2. https://postimg.cc/image/l7vcazmip/ 1990s + onwards global coking coal pricing charts. http://www.easypolls.net/poll.html?p=5a949d5be4b04e95a4b00434 VOTE NOW!. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MY APOLOGIES LET'S GET BACK TO THE MAIN SUBJECT!. ***FIRST PASKOV'S DESTRUCTION AFTERWARDS WILL BE THE REST OF OKD. NOW HERE COMES THE REPERCUSSION!!!. ArcelorMittal Ostrava perhaps does feels they will be next target for Czech nationalization. We the petition signers are alleging the Czech Government what you have done to us minority shareholders of NWR is called thievery. And global Business are now watching your behaviour and actions towards us!. Who will be next to pull out of investing in the Czech Republic!. ***.
http://www.prisko.cz/vh Czech fake news??? . http://www.rejstriky.info/cache/get/isir/204146/A/okd-a-s Debt management OKD, as. https://www.isir.info/isir/spis/204146/B/OKD-a.s .
Well here are some facts that some of the alleged Czech Media still can not understand or report. Let me help you with your problems. 1. https://postimg.cc/image/q1if0pvqj/ Transfer legal document???. Where is it???. 2. https://postimg.cc/image/uan531z1n/ -OKD Annual Report 2009 Total value of Assets over 2 billion euro or 50.497 billion CZK 3. https://postimg.cc/image/xhhomtwe3/ -OKD Annual Report 2009 OKD reserves 217,490,000 tonnes. PASKOV 26,085,000 million tonnes. 4. https://postimg.cc/image/z9anhs5h7/ OKD.a.s 2003 vyrocni zpava spolecnost 31 December 2003 OKD made around 9 million euro in 2003 and a very little 4 million in 2002 and almost 3 million in 2001. 5. https://postimg.cc/image/jb1xrt3l7/ OKD.a.s 2003 Annual vyrocni zpava spolecnost P18 2003 Operating results of $329.2million CZKand in 2002 29.8 million CZK. In Euro dollars about 13million for 2003 & 2million for 2002. 6. https://postimg.cc/image/k1unx9laj/ OKD a s 2003 vyrocni zpava spolecnost 31 December 2003 P14 1czk given for mine barbora to Diamo. Paskov 600 million bye bye!!. 2.https://postimg.cc/image/yxt754rmz/ 7.
https://postimg.cc/image/e26wtdvaj/ OKD a s 2003 vyrocni zpava spolecnost 31 December 2003 National Property Fund of Czech Republic owned 45.8831% of OKD. 8. https://postimg.cc/image/y9kcm0l5n/ OKD Annual Report 200 9 OKD.a.s OKD 9. https://postimg.cc/image/xk1k9v2ob/ OKD Annual Report 20019 OKD 46% of production was sold inside for the domestic market of the Czech Republic well over 5 million tonnes of coal . Please stop the make America and other countries rich policy. 10. https://postimg.cc/image/6nhl12maj/ 2008 NWR Annual report page11. Sometimes a map helps. Estimated up-to $38 usd transportation costs per tonne of coal into Czech Republic. 11.
https://postimg.cc/image/awmb3b2ff/ OKD Annual Report 2009 OKD only 200 years of mining history in the region. Ask the Captain, he is an expert.
12. https://www.docdroid.net/QZsCSjb/2003-okd-vyrocni-zprava-587.pdf 2003_okd_vyrocni_zprava_587.pdf . OKD 2003 Annual report Czech language only. Use Google for translator please. 13
https://www.docdroid.net/sXycpyA/report-6330-komercni-bank-cz-into-nwr-2009.pdf REPORT_6330 Komercni Bank CZ into NWR 2009.pdf. Save and open and read especially parts in Yellow sorry English only. Use google translator for Czech. 14
https://www.okd.cz/cs/o-nas/vyrocni-zpravy Stari Old Annual Reports for OKD _______________________
I do feel very strongly on behalf of all petition signers and I feel a large majority of Czech People will also agree with me. That the nameless faces within the Czech Republic's ideas and plan to destroy the highly profitable coal mines at OKD must be stopped. This is a fact just look at the destruction of Paskov, and next will be the Karvina, Darkov & CSM coal mines . Also the Czech Court case's in regards to OKD have gone on for up-to 2 years and 6 month’s. But Bakala is a free and a very wealthy man laughing and smirking at our misfortune. Why is Bakala a free man when it's the responsibility of the Czech Government and authorities to make him accountable for his alleged criminal actions. (120-150 Billion CZK, 5-6 Billion Euro, almost 7 Billion Australian dollars). We the minority shareholders are being hindered in having bakala brought to justice. You can see the evidence I have posted for the whole world to see. And I can promise you there is much more that I can publish too. We the minority shareholders humbly ask the Czech President Sir Zeman & the encumbered and most likely future Prime Minster Sir Babis to stop the decline and destruction of the highly profitable OKD!. And if possible to stop the thievery of OKD from us the minority shareholders of OKD through New World Resources Plc. After all it was us who saved OKD from an irreversible bankruptcy in 2014 with our own money listed below. We all know in the past communists did try to rewrite and not allow the peoples to know about Czech diverse and ancient, impressive history. But you can not change history only a persons point of view. History can not be changed just as in the case global coal pricing by some nameless alleged incompetent Czech Sycophants!. Arbitration would not be any good for the Czech republics interests in regards to OKD. If it was to held in say Norway or Sweden. I am sure Arbitration will be very expensive if the Czech Republic is found not to have followed European and international business trading laws in regards to OKD!!. And do damage to the Czech republics reputation in world standings for future investments. Komunisty nebo Privatizaci http://ekonomika.eurozpravy.cz/ceska-republika/220018-nejvetsi-zlodejina-v-ceskych-zemich-zapomente-na-komunisty-nebo-privatizaci/ - Československo Forgive my bad grammar, spelling, syntax. Some facts from global sources of media.
https://postimg.cc/image/5npg0a3sb/ 24th August 2011 CNBC 2nd Biggest Business News channel in the world. Talking about OKD, New World Resources Plc being highly profitable.
https://www.cnbc.com/video/2011/08/24/coal-miner-new-world-beat-earnings-expectations-.html -24th August 2011 – Imports are very expensive due to Czech Republic not being near deep water. But lucky NWR has such good logistics being only a few kilometres away from the customers in Ostrava!. Coking coal up-to $315 usd a tonne for Q3 2011, $300 forecast for Q4 2011 yes for NWR!!!. Matches global pricing, but OKD is withholding the truth from us the minority shareholders for over 2 years now.
1. http://www.newworldresources.eu/en/media/press-releases/2012/nwr-unaudited-interim-results-for-the-first-nine-months-of-2012 – 14th Nov 2012 NWR Total Assets 2,373,000,000 Billion Euro. OKD is NWR http://www.newworldresources.eu/en/investors/dividends/nwr-plc/2012 -**I personally never owned any shares of NWR until after the last Dividend date (record date) which was on the7th September 2012. So “No” guilt for me. NWR & OKD and the never ending Incompetence that still continues even today in 2018!. Czech Republic's alleged fake news maybe is on overdrive at the moment?. Why look here:
https://www.euro.cz/byznys/okd-prevedla-zavod-na-okd-nastupnickou-akcie-ma-prevzit-prisko-1400331#utm_source=euro&utm_medium=selfpromo&utm_campaign=eurorss ***3rd April 2018. I do believe the current Czech Prime Minster Sir Mr Babis owns this media outlet “euro.cz”and many others. We the petition signers thank you and we agree with you especially about the Dębieńsko promising former OKD project. Czech Republic must change it's policy in regards to OKD decline and closure of highly profitable coal mines!. And the thievery of OKD from us the minority shareholders!. Quote “The shares of OKD Successor “should” be taken over by the state-owned enterprise Prisko, which is due to pay about 80 million crowns”.
https://isir.justice.cz/isir/ueu/evidence_upadcu_detail.do?id=3BD92F3EAA724B37ACCEDD86B31BE055 4th April 2018 Wednesday Ministry of Justice of the Czech Republic , Vyšehradská 16, 128 10 Praha 2, Czech Republic. Updated every 2 hours. I can not see or understand where it's written that the transfer of OKD.A.S to OKD Nástupnická has taken place. 31st March 2018 Saturday. Diky moc, Thank you very much euro.cz for the excellent honest work(Not fake Czech News!). And lucky us the minority shareholders that your allowing the return of your news article about alleged tunnel-man Bakala!. And your Coking coal price chart for this March 2018 does also verify world current high coking coal pricing!.
https://postimg.cc/image/5taemak4r/ 28th March 2018 Wednesday:
http://www.ceskatelevize.cz/ct24/ekonomika/2433220-v-dole-paskov-se-uz-rok-netezi-v-podzemi-zustavaji-miliony-tun-uhli-a-desitky . ***Alleged Czech News showing a misleading point of view in my opinion. Remember that the first quarter of Q1 2017 the coking coal MV that Paskov produced settled at all time record highs in euro comparative pricing terms!. Here is Confirmation:https://www.reuters.com/article/teck-resources-pricing/teck-resources-settles-285-tonne-benchmark-coal-price-for-q1-2017-idUSL1N1E7190 2.
https://postimg.cc/image/alvwnz49b/ - 12 Dec 2016 Mid-Vol Coking coal contract for Q1 2017 settled at $285US/269Euro a tonne Read all about OKD coal reserves here: https://postimg.cc/image/ohvv42rtb/ - 31 Dec 2011 OKD/NWR Life of the Mine Plan shows average life around 18 years . Continued mining until 2030. (Includes Paskov) h
ttps://postimg.cc/image/6u3uuxh4n/ -OKD 9th Aug 2013 CSA site and Karvina life of the mine plan extended to 2035.
https://www.euro.cz/byznys/bakalova-sachta-oziva-polsky-dul-debiensko-restartuji-australane-1399306#utm_source=euro&utm_medium=selfpromo&utm_campaign=eurorss ***MUST READ Dębieńsko*** 26th March 2018 Monday. Alleged Tunnel-man Bakala's dream Dębieńsko project is alive. AHG group I allege sold it illegally but yet to be proven. Quote “Czech businessman adds, with the purchase price of $ 230 a ton being absolutely unrealistic. Similar coal from nearby Silesia mines is sold at $ 190 per tonne”. More quotes from the Dębieńsko project “An advantage for them is a lower transportation cost, which is from Australia's largest export country to Europe for nearly two months and costs $ 38 per tonne. In a February presentation for investors, Prairie Mining chief Ben Stoikovich says coal will deliver in one day and transport costs will not exceed five euro. OKD is currently in a “DECLINE” don't be crazy it's not possible at these high prices!!!. What planet are you living on!!!!!. Ohh closing down the highly profitable Pakov and later the rest of OKD, only in the Czech Republic!!!!. http://iuhli.cz/rozhovor-s-palickou/ 19th March 2018. Yasne, I agree with you OKD Mining Trade Union Association Rostislav Palicka. Everything I have written is alleged and my opinion alone and unproven!. -------------------+++++++++++++++
OKD MINORITY SHAREHOLDERS, are mostly Czech citizens and we are the unloved human beings. We want our company OKD returned to us!. To us Minority shareholder of New World resources. Thievery its very common in all regards to OKD!. https://postimg.cc/image/6769h6q63/ - This is my own money that was paid to save OKD NWR on the 23rd/ 24th September 2014!. 18497 Euro and was never intended to be a donation to Lee Louda and then transferred to Prisko, and the Czech Government or any owned department or company.Shame on you!!. I am personally beyond disgusted and insulted about the thievery of my money and assets *******+++**********************
The alleged transfer of OKD.A.s that is 100% owned to New World Resources PLC. Please don't trust Czech Media they have a very large problem with fake, mis-dis-information in the media!. Time will tell if it's true or fake!. My Czech is limited and google translator does not work on the last statements in the register. I can not see anywhere a legal court document signed and sealed by a Czech Court and the transfer written to Prisko!.
1. https://www.kurzy.cz/nazory/default.asp?A=C&id_m=19252 Also prisko.cz has no information for this historical occasion of transferring OKD?? 2. http://www.prisko.cz/vh -5th April 2018 Thursday. Yasne I agree and we both agree where is the legal Prisko transfer documents. And please send here in English to: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B42CTW68GBGBXSET3.html
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Czech may include some alleged fake news so you have been warned.
http://iuhli.cz/dost-lidi-nam-hazi-klacky-pod-nohy/ -20th April 2018- Pavol Krupa https://www.tyden.cz/rubriky/domaci/kauzy/krupa-vyzval-politiky-aby-se-k-nemu-pripojili-kvuli-kauze-okd_476556.html **19th April 2018- Pavol Krupa Krúpa said that the mining firm was bankrupt mainly due to unjustified dividend payments in the sum of about CZK 65 billion. https://www.tyden.cz/rubriky/byznys/cesko/chystame-bakalovi-prekvapeni-rekl-krupa-ktery-jde-exuhlobaronovi-po-krku_476371.html **19th April 2018- Pavol Krúpa next steps in the "hunt" on for Zdeněk Bakala!. http://www.blesk.cz/clanek/zpravy-politika/536852/napsal-zemanovi-kvuli-okd-podle-pirata-je-bakala-mistr-klicek-a-sobotka-byl-naivni.html 16th April 2018 Monday. Czech Republic is allow another Viktor Kožený to get away withan alleged theft of 120 Billion czk!. https://www.seznamzpravy.cz/clanek/vlastnik-hornickych-domu-koupil-byty-od-firmy-julius-meinl-advokatka-lidi-z-okd-si-mysli-ze-jde-o-zastiraci-manevr-45143 13th April 2018 Residomo (formerly RPG Apartments) pre OKD NWR IPO.
https://www.parlamentnilisty.cz/arena/monitor/Bakala-Odhalena-pravda-o-protestech-studentu-531582 1april 2018 The main protest organizer, however, is a girl whose prestigious studies are paid by the controversial billionaire and Babis' biggest enemy Zdeněk Bakala.
https://www.parlamentnilisty.cz/zpravy/tiskovezpravy/MPSV-Ministryne-podala-trestni-oznameni-na-neznameho-pachatele-531509 -11th April 2018. Minister Jaroslava Němcová filed an inquiry into the investigation of the Police of the Czech Republic in connection with suspicion and committing a crime by.
https://archiv.ihned.cz/c1-66106030-tezar-okd-uz-zase-vydelava 11th April 2018 useful information. Note :Bakala owns. 1.
http://www.ceskatelevize.cz/ct24/regiony/2445526-okd-loni-vydelalo-34-miliardy-korun-firma-ma-dostatek-penez-pro-dalsi-cinnost *** Must read*** 10th April 2018. OKD generated a profit of 3.4 billion crowns
https://www.denik.cz/ekonomika/prodej-mittalu-hlavou-mi-blesklo-jedine-vitkovice-20180409.html -9th April 2018 Arcelor Mittal Ostrava the repercussion from Paskov destruction and alleged thievery of OKD.
http://www.ceskatelevize.cz/ct24/ekonomika/2442766-arcelormittal-chce-obetovat-ostravske-hute-nezname-firme-mini-odborar-stredula *MUST READ*7th April 2018 Saturday. PASKOV DESTROYED AND LATER OKD. NOW HERE COMES THE REPERCUSSION OF IT'S DESTRUCTION***. sacrifice will be ArcelorMittal Ostrava, "Středula said. He recalled that the matter concerns 7,000 workers and their families in the region, who "hardly test the problems of OKD, Vítkovice and other entities. Annually, it produces more than two million tons of steel, especially for construction and engineering.They export their products to more than 40 countries. PASKOV mid vol coking coal, and dumps, stockpiles infrastructure gone destroyed by the incompetent.
2. 5h April 2018 http://www.noveslovo.sk/c/Korupcia_a_transformacne_naklady?qt-najcitanejsie=0 Yasne, I agree Zdeněk Bakala is free living like a king with around 6 Billion euro from us the minority shareholders!. Czech Republic the World knows the facts!. BAKALA is a free man thanks to your inactions!!.
http://bleskove.cz/politika/10974-cernohorsky-je-velka-sance-dosahnout-v-kauze-okd-spravedlnosti 5th April 2018 . Captain of the waist of all the Czech tax-payers investigative commission into OKD want's to meet the Czech President Zeman. I wish and on behalf of all our petition signers that Sir President Zeman should in our opinion terminate your employment
1. https://postimg.cc/image/473kkb49n/ ***2009 Report from Czech Komercni Bank into NWR/OKD. http://www.halonoviny.cz/articles/view/47406128 -4th April 2018 According to the public register, the transfer of the plant took place on 27 March. The original OKD company was renamed OKD's Claims Management on April 1. OKD Successor has been renamed OKD on the same date.
1. https://www.euro.cz/byznys/vyssi-nez-se-cekalo-naklady-na-utlum-dolu-okd-se-odhaduji-na-6-6-miliardy-1400506#utm_source=euro&utm_medium=selfpromo&utm_campaign=eurorss ***Must read**4th April 2018 Quote “the state paid 80 million crowns for OKD. The company currently has a value of 540 million crowns. According to him, the value of the company itself amounts to 234 million crowns, and then the estimated value of non-operating assets was estimated at 304 million crowns. In Arbitration I feel Sweden or Norway, I would estimate they would value OKD in the range of 2.5-6 Billion Euro!.