GLER Jointly Owned Company Receives $360 Million, 3-Year Con

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09.07.2011 00:46
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GLER Jointly Owned Company Receives $360 Million, 3-Year Con

GLER Jointly Owned Company Receives $360 Million, 3-Year Contract From Large International Coal

Global Earth Energy, Inc. (OTCBB: GLER) (OTCQB: GLER) (PINKSHEETS: GLER) and Modern Coal, LLC, a Texas major contract mining company, announced today that through Global Earth Natural Resources, L.L.C., their jointly-owned limited liability company, that they have received a contract from a large international coal group to purchase coal from Global Earth Natural Resources, L.L.C.'s soon-to-be-acquired Samuel Coal property. The total value of the contract is estimated to be $360 million over a 36-month period.

"Global Earth Natural Resources, L.L.C. is elated to solidify its first contract to import coal to a major international coal company that positions the company to generate positive cash flows over the long-term," said Brad Lamar, president of Modern Coal. "I'm excited to confirm that we have received an initial deposit of $28 Million in the form of a letter of credit (LOC) from a foreign bank located in New York City. After a customary site visit and confirmation of our ability to fulfill the contract in full, the LOC will be increased to 100,000 tons of coal per month for 36 months at a price of $103.00 per ton."

Samuel Coal's Kentucky-based mines are historically prolific producers of coal and have attracted strong interest from major coal suppliers from around the world. Global Earth Natural Resources, L.L.C. is under agreement to purchase all of Samuel Coal's operations with the closing date of August 11, 2011. Modern Coal completed its initial cash down payment to Samuel Coal on June 22nd. The Samuel Coal operations are located on approximately 5,000 acres near Hindman in the eastern part of Kentucky (http://mapq.st/ePX71T). For additional information on the property, please visit the GLER website at www.globalearthenergy.com.

Aufklappen
14.07.2011 14:55
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Die Amis drehen Up $$$$

MogulaUSA7 Share Thursday, July 14, 2011 8:32:13 AM

Re: None Post # of 11341

I predict GLER at 0,40-1 US$+ in several weeks $$$

Link: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65174589

13.07.2011 21:21
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GLER - Der nächste Run kommt.

Yes - Es kommt freude auf $$$

Jetzt Rein Leute $$$

IMO

12.07.2011 15:13
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"Global Earth Energy, Inc. announced the planned acquis

"Global Earth Energy, Inc. announced the planned acquisition of a rail loading facility in conjunction with project with Modern Coal in the Kentucky area. GLER has signed a purchase and sale agreement for the Cheyenne Resources rail tipple. Closing is set for August 11, 2011. Terms of the acquisition were not disclosed."

http://www.reuters.com/finance/stocks/GLER.PK/key-developments/article/2...

That's all we know so far. The rest will follow in due time I guess.

IMO

10.07.2011 20:53
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GLER - Der nächste Run kommt.

Was den Umrechnungskurs anbetrifft, hast du recht.

Natürlich CHF/USD.

Alles Gute

PS: Ran an den fetten Speck

Crüzi

10.07.2011 19:14
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Re: GLER - Der nächste Run kommt.

AlphaHerix wrote:

Kauf in USA bevorzugt, Günstiger Umrechnungs-Kurs EUR/ USD

Ach ja: EUR/USD_Kurs interessiert hier nicht, wenn schon CHF/USD.

Das ist ein Schweizer Forum. Pushst Du sonst Aktien in der EU Smile ?

10.07.2011 19:11
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GLER Jointly Owned Company Receives $360 Million, 3-Year Con

Das ist kein "low float"-Stock, es gibt 357 Millionen Aktien und die Market Cap ist bei einer lächerlichen halben Million USD.

Wenn ich es zusammenfassen muss: Pennystock-Schrott.

10.07.2011 16:37
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GLER - Der nächste Run kommt.

Simply - Strong Buy $$$

10.07.2011 16:35
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GLER - Der nächste Run kommt.

Low Floater - Explosiv - Kaufen oder auf die Watchlict.

PS: In USA Kaufen $$$

GLTA - ALL IMO

10.07.2011 16:30
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GLER - Der nächste Run kommt.

GLER ist ein OTCBB - Wert - Also kein Pinkssheet.

Jedem ist natürlich sicherlich Klar, OTCBB ist mit Risiken verbunden aber mit sehr horrendem Gewinnchancen.

Kauf in USA bevorzugt, Günstiger Umrechnungs-Kurs EUR/ USD

Viel Glück allen .

PS: Ich bleibe Long und Kaufe sicherlich nach.

MFG

10.07.2011 13:11
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GLER Jointly Owned Company Receives $360 Million, 3-Year Con

Ich finde die Umsätze von GLER ganz interessant

http://www.google.com/finance?q=PINK:GLER&fstype=ii

Sind Null (0, Zero, nada).

Dafür steigt die Aktienzahl von Quartal zu Quartal

Diluted Weighted Average Shares:

357.55m 152.10m 118.14m 50.07m 25.64m

Links die neueste Zahl, bei einer Market Cap von gerade mal einer halben Million.

Sollten nicht die Umsätze und Gewinne steigen statt der Anzahl Aktien im Umlauf, Alphaherix ?

10.07.2011 13:09
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GLER Jointly Owned Company Receives $360 Million, 3-Year Con

Wieder werden von einem User mit gerade 4 Beiträgen Pressemitteilungen von einer Pinksheet/OTCBB-Aktie kommentarlos gepostet...

:roll:

10.07.2011 01:12
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GLOBAL EARTH ENERGY AND MODERN COAL ANNOUNCE CONTRACTING AGR

GLOBAL EARTH ENERGY AND MODERN COAL ANNOUNCE CONTRACTING AGREEMENT FOR THE MINING OF THE SAMUEL COAL SITE WITH ABUNDANCE COAL

WILMINGTON, NC, June 8, 2011 (MARKETWIRE via COMTEX) -- Global Earth Energy, Inc. (OTCQB: GLER) and Modern Coal are proud to announce that they have executed a contract mining agreement with Abundance Coal. Abundance Coal has agreed to be the contract miner for the Samuel Coal Company sites after the Global Earth and Modern Coal close the acquisition of those sites. The mines are located on approximately 5,000 acres near Hindman in the eastern part of Kentucky. This area is considered one of the largest coal producing regions in the USA today.

First coal production from the area was in the late 1800s. The nearby counties account for approximately 75% of the coal produced in Kentucky and approximately 12% of the coal produced in the USA. The partners’ acquisition consists of three existing mines that produce a very clean, high-quality steam and metallurgical coal. The coal is produced using surface and subsurface mining operations.

Abundance Coal is a highly experienced and active, major contract mining company in Eastern Kentucky. Abundance Coal’s management team has operated multiple coal mines for over 40 years, employs a local labor force, and has day-to-day experience operating mines for some of the world’s largest coal production companies.

http://www.faqs.org/sec-filings/110620/GLOBAL-EARTH-ENERGY-INC_8-K/ex993...

Global Earth Energy and Modern Coal Sign Purchasing Agreement to Acquire Samuel Coal

--Closing Date Set for August 11, 2011--

WILMINGTON, NC, June 15, 2011: Global Earth Energy, Inc. (OTCBB: GLER) announced, along with its joint venture partner Modern Coal, LLC, a Texas major contract mining company, that they have executed a purchasing agreement to acquire Samuel Coal, Inc. based in Kentucky. The purchase includes all of Samuel Coal's existing properties, multiple permits, operations and mineral resources. The purchase price of $7.5 million will be initially funded by a cash down payment paid by Modern Coal to Samuel Coal by June 20, 2011. Under the terms of the agreement, the balance owed will be paid on the closing date of the transaction on August 11, 2011.

This acquisition will enable Abundance Coal, a 40-year coal mining company based in Kentucky, to fulfill its previously announced mining contract agreement with Samuel Coal. Further, due to the abundance of resources on the Samuel Coal properties, the joint venture will be able to ramp up production and move forward with multiple letters of intent already in place. The mines are located on approximately 5,000 acres near Hindman in the eastern part of Kentucky.

http://www.faqs.org/sec-filings/110620/GLOBAL-EARTH-ENERGY-INC_8-K/ex992...

Global Earth Energy Receives 25% Ownership in $92MM Firm, Global Earth Natural Resources, Inc.

WILMINGTON, NC, June 16, 2011: Global Earth Energy, Inc. (OTCBB: GLER) announced today it has 25% equity ownership in Global Earth Natural Resources, Inc (GENR) effective June 16, 2011. The valuation completed on June 12, 2011 by the independent accounting firm Geneve Rothweil Partners, Ltd., valued Global Earth Natural Resources, Inc. at a fair market stock value of $91,906,300.00 based on discounted cash flow analysis.

GENR, Inc’s. business lines include natural resources for multiple end use purposes, including coal and other minerals. GENR, Inc. a Canadian corporation, is in the process of being listed on a major global stock exchange. Detailed information on the deal will be available on GLER website.

Sydney Harland CEO of GLER stated, “We are very pleased to have completed this deal with Global Earth Natural resources. This will add great value and profitability to the company and our shareholders going forward.“

Geneve Rothweil Partners, Ltd. (GRP) have vast experience in accounting, finance, and valuation work. GRP and its principals have worked as a valuation and financial partner in transactions on a global basis involving engagements for transactions ranging from succession planning, to leveraged buyouts, management buy-ins, spinouts, financings, public offerings and many others.

The principals of the firm have been involved with valuating organizations in Europe and North America. The principals have also been invited to speak to some of the world’s largest institutions.

http://www.faqs.org/sec-filings/110620/GLOBAL-EARTH-ENERGY-INC_8-K/ex991...