Western Railroad Discussion > Good News for the Moffat Road?

Date: 11/23/15 14:38
Good News for the Moffat Road?
Author: jc76

Bowie today purchased Twenty Mile Mine (Energy) from Peabody. There are lots of articles online today about the purchase. If the transaction is completed this could mean more aggressive marketing by the smaller company.... Hopefully a increase in trains... We'll cross our fingers.....

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Date: 11/23/15 15:50
Re: Good News for the Moffat Road?
Author: stevelv

Here is a little more info. Hopefully you're right about a smaller company doing more aggressive marketing. However just poking around the internet for more info it seems there are a bunch of articles that don't look too favorably towards the future of Colorado coal production.

http://www.steamboattoday.com/news/2015/nov/20/twentymile-mine-being-sold-bowie-resource-partners/
https://www.up.com/customers/coal/mines/colorado/twentymile/index.htm

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Date: 11/23/15 15:51
Re: Good News for the Moffat Road?
Author: dcfbalcoS1

Remember the guy that said he would 'bankrupt'the coal mining companies ???? He didn't.

Edited 1 time(s). Last edit at 11/23/15 16:08 by dcfbalcoS1.

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Date: 11/23/15 17:17
Re: Good News for the Moffat Road?
Author: oldtimer

He is still trying

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Date: 11/23/15 17:33
Re: Good News for the Moffat Road?
Author: Lackawanna484

The mine package sold at the low range of estimates, which suggests the informed buyers weren't filled with confidence. And that the sellers knew they wouldn't get much more for the mines.

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Date: 11/23/15 19:47
Re: Good News for the Moffat Road?
Author: RuleG

dcfbalcoS1 Wrote:
-------------------------------------------------------
> Remember the guy that said he would
> 'bankrupt'the coal mining companies ???? He
> didn't.

That's not what he said.

Fact checker

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Date: 11/24/15 04:58
Re: Good News for the Moffat Road?
Author: ATSF3751

RuleG Wrote:
-------------------------------------------------------
> dcfbalcoS1 Wrote:
> --------------------------------------------------
> -----
> > Remember the guy that said he would
> > 'bankrupt'the coal mining companies ???? He
> > didn't.
>
> That's not what he said.
>
> Fact checker

Why rely on facts when distortions pump up your base?

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Western Railroad Discussion > Good News for the Moffat Road?