Christian Almskou

[Christian Almskou @ChrAlmskou]

@NSNCyclingTeam @veloropa So sad. Rest in peace Fin

[Christian Almskou @ChrAlmskou]

@karaoke_andi MeToo 🙈

[Tour de France™ @LeTour]

🔄 RT if you think 🇩🇰 Mads Pedersen is the Super-combative of the #TDF2026!

🔄 RT si vous pensez que 🇩🇰 Mads Pedersen est le Super-combatif du #TDF2026 !

👋 @century21fr l @LidlTrek

[Martin Ågerup @martinagerup1]

Hører du også til de boligejere, der lige har fået en ny årsopgørelse med restskat til betaling i 2027 – plus renter? Skattestyrelsen meddeler nu, at man faktisk godt kan betale restskatten med det samme.

Fremgangsmåden er ganske vist lidt snørklet og ulogisk. Du skal ind på TastSelv, klikke mig frem til "Betal skat", vælge "Betal skat for 2027", selvom det vedrører en gæld fra 2025.

Men så skulle den være ude af verden – ifølge en underdirektør fra Skattestyrelsen i Børsen (link nedenfor).

Godt nyt, altså. Bortset fra én ting. Renterne. Dem skal du nemlig stadig betale. Selv hvis du i dette minut indfrier gælden, skal du betale renter af den frem til 2027.

Sig mig, har skattemyndighederne fuldstændig tabt sutten?!

Skatteministeren har sagt, at strafrenterne på restgæld, som borgeren er uden skyld i, krænker hans retsfølelse. Enig. Men hvad skal man så mene om renter på restgæld, der for længst er bragt ud af verden?

Er der overhovedet lovhjemmel for at opkræve renter af en gæld, der allerede ER betalt? Jeg tvivler.

Men hvis der er hjemmel, skal reglerne naturligvis laves om. @Skattebetalerne opfordrer skatteminister @engelschmidt til at gribe ind snarest.

Bliv medlem af Skattebetalerne:
https://t.co/5SLqHWlRds

[Claus Mathiesen @clausmat1]

VM-interventionen viser, at Trump er det største fjols, der nogensinde har stået i spidsen for et land.
Og det siger ikke så lidt.

[Christian Almskou @ChrAlmskou]

@mikaelmilhoj @engelschmidt Det hænger overhovedet ikke sammen.. 😞

[Philip Gunst @GunstPhilip]

“Union Minister of Commerce and Industry Shri Piyush Goyal will visit Canada from May 25-27 to advance the ongoing negotiations of the Comprehensive Economic & Partnership Agreement (CEPA) between India and Canada and hold official, business & industry interactions. Senior representatives from over 100 Indian businesses are accompanying Shri Goyal from sectors like metals & mining…”

Colonial Coal $CAD.V is on the agenda of the meetings in the coming week.

Let’s hope that Coal India or NMDC has representatives amongst the 100 joining the Commerce minister on the visit starting tomorrow. That would make sense.

Hopefully Carney, Eby and the remaining governmental stakeholders from Canada can calm the concerns of DRIPA. I can only see that being the remaining barrier for an Indian bid.

Question is then what about China…

[Anders Kolling @AndersKolling]

Jeg kunne godt tænke mig, at @mickoegendahl lige forklarede Socialdemokratiets politik for alle de SATANS krademutter.

#dkpol #fv26

[Philip Gunst @GunstPhilip]

Fantastic news!

Coal India explores partnerships with Canada for coking coal.

“During the discussions, CIL conveyed its interest in pursuing partnerships in critical mineral assets including coking coal, and the mineral processing sector.”

Happy to see Mark Carney also leaning in to supporting the Canadian coking coal sector.

Ready for deal announcement of Colonial Coal $CAD.V $CCARF

[Philip Gunst @GunstPhilip]

While @nmdclimited for the first time is now targeting Canada, @CoalIndiaHQ has not publicly mentioned Canada as a target.

Before now.

And actually, their target list is only Canada after the most recent developments.

On Coal Videsh’s website (https://t.co/Of4b6ohWCy), they specify that the purpose & objective is acquisition for coking coal assets abroad.

Target countries: Australia, Canada, USA and Russia.

Well, Modi’s administration has publicly stated that India wants to pivot away from Australia (https://t.co/7kpMLXlfy6).

The India-US Trade Agreement announced last week has the purpose of India moving away from Russia.

And how many high quality coking coal assets are for sale in USA?

For two decades, Canada was the "quiet backup" on Coal India’s target list - always mentioned, never actioned. They actually tried back in 2014, but they were too slow. Story of their lives.

In more recent years, Coal Videsh (Coal India’s Wholly Owned Subsidiary for overseas acquisitions) has chased dead-end assets in Mozambique & Mongolia (quality issues) and Indonesia (regulatory nightmares). Canada has sat on the shelf - likely because quality costs.

Coal Videsh has spent years trying to make Mozambique work. But with persistent infrastructure bottlenecks and high ash content, the Indian Steel Ministry has realized they can’t build a 300Mt steel beast on "Stage 2" coal.

Simultaneously, Mongolia has become a geopolitical trap dominated by Chinese infrastructure. India is tired of playing in China’s backyard.

Well, it seems like it finally changed

By publicly naming Canada as a primary target, Coal Videsh is signaling that they are finally willing to pay the "Premium for Certainty." They want the Tier-1 Hard Coking Coal that only basins like Colonial’s can provide.

This isn't just "browsing" anymore.
When you look at the sequence - the NMDC Wholly Owned Subsidiary being built, the Steel Minister’s specific comments on Canadian exploration, and now Coal Videsh publicly swapping out its old targets for Canada - the "political plumbing" is almost complete.

Now we just need the Indians to change semantics - from “exploring” to “negotiating” or even signing.

$CAD.V $CCARF

https://t.co/Of4b6ohWCy

[Rasmus Jarlov @RasmusJarlov]

I dont think people understand the seriousness of the situation in Ukraine. Russia has deliberately destroyed heating plants and the temperature will drop to minus 19 degrees in coming days.

We must recognise evil when we face it and fight against it.

[Philip Gunst @GunstPhilip]

Last week materially changed the setup in Colonial Coal $CAD.V $CCARF.

Friday ended a strong week on a even stronger note with almost 1m shares traded and a close at the highest level in +18 months at $3.19.

Worth noticing is also that it happened on two of the most tricky and volatile trading days in a long time with precious metals collapsing yesterday (Silver down 25%, 35% at worst, Gold down 8%, Copper down 4%, etc.). Overall markets down ~3% in two days on challenging earnings.

This wasn’t a blow-off top - even though we tested 3.38 on Thursday. It was acceptance. Break and hold above the $3.00 psychological / technical level. Intraday back-test held with a higher close. Strong volume and big selling blocks being taken out. House Positions indicating that individual shareholders were selling out like systematic buying was taking place.

Structure now looks like a base forming above former resistance. As long as $3.00 holds on a closing basis, the chart has flipped from “trying to break” to “trying to build”.

It was of course the Indian's Steel Minister’s comments about NMDC's exploration of coking coal assets in Canada that made the difference this week and changed the dynamics. The comments weren’t incremental - they publicly validated what the market and I have been debating behind the scenes in some time now.

India is actively looking at Canadian coking coal assets. That shifts CAD from optional to strategic in the eyes of global players. In the past, NMDC management's commentary having been publicly mentioning Australia, Mongolia and Russia. This is the first mention of Canada. And there are no other developed assets for sale than Huguenot and Flatbed (maybe a slight chance of Belcourt) right now.

The coming weeks will be interesting - both from a price action perspective and fundamentally.

We want to see follow-through volume above $3.20-3.30 - following up on this week's price action. We are looking for any failed dip toward $3.00 (support flip confirmation). We want to see tight consolidation with rising volume (often precedes resolution). And most importantly, we hope to see continued signals of India engagement.

It is also worth mentioning that Chinese New Year can slow visible progress short-term. That’s not a blocker as such - it is just a timing reality. The tape holding up during quieter windows would actually be constructive.

From a holistic perspective, the market is still pricing probability, not certainty. That’s why we are still only at 3.20 instead of 5.00. People are still questioning how real this is after all these years. However, it surely feels positioning-driven.

As per usual, I am posting a monthly thread in the Colonial Coal Investor Facebook group. I have just shared my February monthly deep-dive - and wanted to share it here also for broader context.

A small disclaimer that it was written before the NMDC commentary - which only strengthens the thesis outlined there.

It surely feels like we are experiencing some momentum right now. It feels close - closer than ever. That said, execution and timing remain out of our hands. But the chessboard is now visible - and active.

Link: https://t.co/QXzthXAyvi

[Warren Irwin @ItsWarrenIrwin]

@ColonialCoal $CAD.V What a coincidence, one day the Indians state that Met Coal is a critical metal, then their steel minister says they (NMDC) is actively exploring coal reserves in Canada, all while Tim Hodgson, Canada's Minister of Natural Resources and the most competent of Carney's ministers, happens to be in India speaking to them about deeper cooperation in critical metals. India is planning to double their steel production, Colonial is the only met coal company with reserves of the quality and scale with the required infrastructure that India needs in Canada (Other than Elk Valley which is not for sale). One thing about dealing with governments is that they are slow, the positive aspect is they telegraph in advance what they plan to do so there are no surprises. Go India! Go Colonial!

https://t.co/LW65ha2xHy

[Philip Gunst @GunstPhilip]

It’s not small media outlets that are picking things up now.

Following Reuters’ article yesterday about NMDC exploring coal reserves in Canada - a comment from steel minister H.D. Kumaraswamy - several other outlets have brought the same story.

Economic Times, Globe & Mail.

In total, 12 outlets have covered the story.

The Indian government has even put it in their own public brief of the meeting:

https://t.co/RC5sTsbAGe

“He further noted that National Mineral Development Corporation (NMDC) is actively exploring coal reserves in Canada to enhance India’s steel manufacturing capacity and strengthen long-term energy security.”

Discovery Alert out of Australia also has a very comprehensive piece on the matter:

https://t.co/jEJz0cFLty

It won’t be long until some of the more diligent outlets follow up on the story and put 1+1 together and highlight that Colonial Coal $CAD.V $CCARF is the link between India/NMDC’s coal hunt in Canada and Canada’s solution to the desire is Colonial.

In addition, mighty Financial Post with a consolidated piece on B.C.’s partnering with India (and China) and their hunger and demand for B.C.’s resources.

Explicit mentions of Tata Steel and JSW meeting David Eby on his trade mission in India.

A little old article (Jan 23), but strong media outlet and company names I haven’t seen before that has an indirect link to Colonial Coal $CAD.V as Tata Steel and JSW are potential private suitors out of India.

https://t.co/sKGNvy1DJV

[Philip Gunst @GunstPhilip]

The Indian stock exchange yesterday requested a clarification from @nmdclimited on the commentary from the Steel Minister on NMDC's exploration of coking coal assets in Canada.
Within hours of the Reuters' article release, the Indian Stock Exchange (BSE) invoked SEBI Regulation 30(11), demanding an official clarification.

NMDC’s response: "No negotiation / binding agreement has been entered into by the company."

To the untrained eye, it looks like a denial. If you are bit more seasoned in M&A, it’s a functional confirmation - and confirms my theory from yesterday that this was not coordinated between the Steel Minister and the.

In the world of Indian PSUs (Public Sector Undertakings), you cannot admit to a "negotiation" until it is board-approved and legally binding. Why? Because the moment a company admits to a "negotiation" for a material asset, they trigger a mandatory trading halt and must disclose the price. By using the phrase "no binding agreement," NMDC satisfies the regulator while keeping discussed figures between them and a potential asset owner under wraps.

It also amplifies the split-screen here between politicians and businesses.

The Minister sets the policy (and in this case, the steel minister is only an offtaker in that sense - Reddy from the Coal and Mines ministries are more heavily involved would be my thesis); the company manages the disclosure. The Minister wouldn’t name-check Canada and NMDC on an international wire service if the deal wasn’t already at the "Final Papering" stage. That's my read at least.

So why would the Steel Minister say this publicly (and even put it into the public debrief on the Government's webpage)?

I see a few likely scenarios:
1) Marking their territory to competition (likely China)
2) Taking political credit for a potential deal (when released)
3) Political coordination between the minister and NMDC to make sure NMDC gets to front a deal (compared to the likes of CIL, SAIL or BCCL)

Let's see.

$CAD.V $CCARF

[Rasmus Jarlov @RasmusJarlov]

Trump: "You know, they’ll say they sent some troops to Afghanistan, or this and that. And they did, they stayed a little back, a little off the front lines".

Danish soldiers, Helmand Province, 2009:

[Rasmus Jarlov @RasmusJarlov]

Every insult, threat, tariff and lie that we receive strengthens our resolve.

The answer from Denmark and Greenland is final:

We will never hand over Greenland.

We pray that our true allies will stand with us because we are going to need it.

[Mark Dubowitz @mdubowitz]

Says it all — and more.

[Christian Almskou @ChrAlmskou]

@Kamillasloew Alt det bedste herfra Kamilla

[Christian Almskou @ChrAlmskou]

@pferdinandsen Det virker som om den linje Scott Krase slog an på generalforsamling, fanmøde og @BrondbyLyd overhovet ikke har rodfæstet sig i organisationen. Viser måske hvor langt op i rækkerne problemet går? Eller en bestyrelse som reelt ikke er tilstede og kan se hvad der foregår på stadion