Atlantic Coal Share Discussion Threads

[garykc] 11/10/2016 22:26

Just about sums up what I have been saying about these two buffoons.

[marmar80] 11/10/2016 08:31

0.77 my breakeven

[vatnabrekk] 10/10/2016 20:50

My suggestion is that everyone should sit tight and do nothing, just wait and watch. The fundamentals of this business is great, and the true value of the shares must therefore be very good. Ignore the price quoted by Capital of 0.09 as that was simply the closing price when suspended, and didn't bear any relationship to reality at that point. It certainly doesn't resemble the value of the business now. I am looking for at least 0.3p AT LEAST!

Also, if anyone is unsure about what is going on, I suggest you should talk to the broker who sold you the shares in the first place. They must surely have some responsibility to look after your best interests. But on no account should anyone sell to Capita under the matched bargain scheme.

[big7ime] 06/10/2016 10:57

Correct me if I am wrong, Atrum are paying S Best circ $0.45c ps for his stake, if they want to take the co over they will have to pay similar if not more to remaining shareholders.

They are likely to want to take over the co as it is producing $5m profit last year and the price of anthracite has been increasing otherwise it's a dead investment without a controlling interest unless ATC re-lists.
But are they a serious proposition and how are they funding it?
And to get a return I.E. a divi, all shareholders would have to be paid

If the co had remained listed what would the share price have been with $5m + increasing profits
Price paid to Best is 4x closing price at delisting

could there be a bidding war? With Atrum it looks like a reverse takeover scenario, they are loss making continually issuing shares to exist. Royal look to be a more credible proposition so maybe Atrum will make a quick buck selling to them or on a re-listing

[barnetpeter] 04/10/2016 12:06

not too long now until the result .....

hxxp://www.atlanticcoal.com/News/Takeover_Code_Forms.html

[marmar80] 03/10/2016 10:33

Buying shares via Capita is a longer process. First you must open an account there so lots of docs must be sent to them. Then you must wait for a seller. There is no L2 so you simply don't know what is going on. The fee will be minimum £25 as far as I'm aware.

[barnetpeter] 03/10/2016 10:18

Lucky you! Can I buy them at 0.1 then???

[p@] 03/10/2016 08:30

Agreed chris.

[chrisgail] 02/10/2016 22:37

Sherbs: In that case I assume it was an interested party in the takeovers, they have inside information and can't trade.

[sherbs] 02/10/2016 02:52

well the order might have been placed a few months ago but the trade was activated a few weeks ago and they cancelled it for me friday 30-Sep. Cant get more recent than that

[chrisgail] 01/10/2016 19:20

sherbs: 'A few months ago' makes it irrelevant.

[doc robinson] 01/10/2016 15:53

All resolutions passed at egm of atrum coal what next?

[sherbs] 01/10/2016 03:10

I had some of these in a hargreaves landsdowne SIPP and left an instruction to sell a few months ago using the Capita Matched Bargain service. HL informed me the sale went through at 0.095p, but when they checked it with Capita they informed me Capita was giving me the option to cancel the trade (the buyer had to be contacted apparently and they hadnt yet settled). Given the current situation of bids on the table I decided to cancel and this has been confirmed. However, the fact that they allowed me to cancel makes me worry they know something I dont (ie the bids are unlikely to go through)?
Dont know what you guys think of this? Theres nothing on Atlantic Carbon website to suggest this, Im just amazed the buyer would allow the trades to be cancelled given what you guys are saying about likelihood and price.

[marmar80] 29/9/2016 23:44

The price would be 0.4p minimum on these news. I would say even 0.7 within 2-3 weeks from the first bid.

[barnetpeter] 29/9/2016 20:26

It is clearly going to be sold. The cash will just be put in your account unless you opt for a share deal. We will get a chance to choose by our broker....,0.4 seems to be the price the company has pitched at but we may well get a higher offer from another bidder. The price would be double that if we were still listed I guess....

[bsharman3] 28/9/2016 16:51

Same here - mine are showing as zero value in iii.
Thanks,

[bsharman3] 28/9/2016 14:59

How will us shareholders receive the payment if we hold shares in an account - mine are with iii - IF the purchase goes ahead?

I had written this one off.....
Thanks

[p@] 28/9/2016 08:28

WOW-Great! Thnx.

[xow98] 28/9/2016 08:03

p@ - That is the company's reply to a question on Twitter on what the deal means, covered though by the "ifs"

[p@] 28/9/2016 07:45

xow-The warrants issued to Atrum are at 0.2c per ATC share,so I think 0.4p is over enthusiastic,but I hope you are right.

[xow98] 27/9/2016 22:53

From Atlantic Carbon Group Twitter feed:

Atlantic Carbon ‏@AtlanticCarbon 6h6 hours ago


Atrum proposed SB shares acquisition works out at approx 0.4p BUT presently still too many "ifs" to say exactly what will happen

[xow98] 27/9/2016 13:22

From Atlantic Carbon Group Twitter feed:

If takeover proceeds deal would need to be done with all shareholders.
If Atrum, price not less than SB proposed deal - share swap or cash.