Geo Energy is one of the top leading coal producers which has presence all across Indonesia.
What the company does is actively to seek new acquisitions to grow and increase the number of existing coal reserves they have while controlling the production of their coals during periods where coal prices are weak.


Recent M&A is very accretive
Their recent announcement for the acquisitions of PT Titan Global Energy is a testament that they are expanding the geographical lead presence in different parts of Indonesia by looking for cheap M&A where they can both did accretive acquisitions and at the same time average down their coal reserve. The current M&A set up is that accretive such that their average costs for the newly takeover coal reserves are down to only USD0.57 / tonne, which is a significant discount to the latest battered ASP of USD33 / tonnes.
Having said that, there seems to be minor...