All Things Considered Share Discussion Threads

[simpletonremover] 28/8/2015 09:18

EezyMunny

That's the equivalent of writing :

'If everybody stops buying anthracite, it all looks pretty horrible'

This 'wild gamble' as you refer to it is an income generating gamble which is streets ahead of the majority of 'wild gambles' on the AIM market.

Every stock is a gamble but if this is your interpretation of 'wild', I respectfully suggest you stick to bonds and savings.

[tidy 2] 28/8/2015 09:15

SRTotally agree. Like i say the speculate to accumulate phase has paid off and now the profits roll in. Let's see how it pans out.

[eezymunny] 28/8/2015 09:13

They say "Up until December of 2014 we were mining areas of Mammoth seam with between 35% and 44% of anthracite still remaining after historical underground mining. The advance of mining into near solid (up to 90%) anthracite remaining, together with improved recoveries in the Diamond, Orchard and Primrose seams has substantially reduced our mining ratio (cubic yards of overburden excavated per ton of anthracite produced) which is the main determinant of mining costs"

I guess unless you know how long/much they can mine the 90% stuff you are just having a wild gamble here. Anybody care to comment? If they go back to 35% stuff it all looks pretty horrible again, no?

[simpletonremover] 28/8/2015 09:10

EezyMunny

So you think it's 'very risk'.

I'm sure you meant 'risky'.


An AIM stock making profit not just from exceptional items but from the sale of it's product/commodity that will continue for a considerable period into the future based on it's reserves.

That has to be one of the least risky goals that any AIM stock can achieve and therefore renders this amongst one of the least risky AIM stocks fullstop.

[tidy 2] 28/8/2015 09:06

Eezy. Granted but also note the points on anthracite prices which typically inflate during H2 and the rail network aspect for haulage will enhance overall profits. H1 was riddled with delays due to weather and equipment hick ups.

[simpletonremover] 28/8/2015 09:04

Mike

If the following were true, quote:



'If truth be told I was familiar with ATC long before yesterday'



Then why did you not know that YA were out of the picture some time ago ?

Nobody appreciates a false bragger. You've just discredited yourself.

[mike111d] 28/8/2015 09:03

I was thinking that Metal Micky would average down a few more times before he did his homework and realised the error in judgement he had made.

[eezymunny] 28/8/2015 09:01

Tiny 2

As I pointed out in post 915 much of the H1 profit was one-off in nature.

Your comment "Mcap 7m. Profit 4.4m for first 6 months" is therefore extremely misleading IMO especially as you fail to mention that the market cap is in POUNDS and the profit is in DOLLARS (did you not realise or did you deliberately omit the currency?).

ATC carries a lot of debt. It's nowhere near as cheap as your post implies. Could you kindly keep the posts a bit more sensible?

As I said if they can keep performing like H1 the equity may do well, but it's very risk IMO.

[tidy 2] 28/8/2015 08:51

They are out as posted and referenced to Rns last night. The speculate to accumulate phase has passed and they've now turned the corner showing impressive profit during a difficult time of year for the first 6 monthsThe following 6 months will have greater anthracite prices and a much more efficient and cost effective haulage system using the rail network. Remember their anthracite is of the highest quality currently available in the world. Not bad

[mike111d] 28/8/2015 08:40

Have you looked into YA Global yet.

[tidy 2] 28/8/2015 08:36

Mcap 7mProfit 4.4m for first 6 monthsThat was using truck transport which is very costly and and time consuming with just 20tonnes of anthracite per truck ATC have built a rail system which will be used for transporting 2000tonnes per journey. Very efficient and much more profitable for H2. Constructed and ready to go

[mike111d] 28/8/2015 08:27

Next stop .12p, I hope that helps.

[mike111d] 28/8/2015 07:13

If truth be told I was familiar with ATC long before yesterday, so a case of others jumping in without doing their research.

[tidy 2] 27/8/2015 23:45

Would not be surprised to see a repeat surge tomorrow. LSE is very bullish.

[big7ime] 27/8/2015 23:23

Forget trying to day trade this, it'll be a good long term inv.

The figures and outlook speak for themselves, how many times you handed it on a plate? This is worth 10x today's price.

3.8m retained profit in TOUGH six mths, final 6 are seasonally much higher. Production is just starting to ratchet up

Price for good quality anthracite looks set for rise with China shortage due to new Environment laws. They need cleaner coal and can't get enough of it.

ATC have built a railroad to transport it more efficiently to customers now operational will boost second half results

the 30ft seam is a Mammoth Cash Cow

new investment made last 12mths in machinery starting to pay off..

P/e is crazy low at this price, it's all there! DYOR

[big7ime] 27/8/2015 23:12

I thought that was wrong, thanks for posting Chris

[chrisgail] 27/8/2015 22:36

barenetpeter.
See RNS of 08 August 2014

Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Early repayment of SEDA advance and early completion of equity swap

Atlantic Coal, the AIM listed anthracite coal mining company operating in Pennsylvania, USA, today announces that it has repaid all of the $750,000 1st tranche SEDA backed loan from YA Global Masters SPV Ltd ("Yorkville"), further details of which were announced on 25 July 2013. In addition, Atlantic Coal has also made an early repayment of the $500,000 2(nd) tranche from Yorkville. As a result of these repayment, there are no further amounts outstanding under the loan agreement with Yorkville (the "Loan Agreement").

The Loan Agreement will remain in place with respect to the undrawn portion of the original commitment amount of up to US$5 million during the remainder of the commitment period which ends on 24 July 2016.

At the same time, The Company has also agreed with Yorkville to bring forward the expiry date for the equity swap arrangement (the "Swap Arrangement"), further details of which were announced on 2 December 2013. The Swap Arrangement was originally to expire on 30 November 2014 but the parties have, by mutual agreement, modified this expiry date so that the Swap Arrangement is now at an end. As a result of this early termination of the Swap Arrangement, there will be no further settlement payments and Yorkville will assume all future equity risk on the Atlantic Coal shares remaining in its possession.

Atlantic Coal's managing director, Steve Best, said "I am delighted that the recent record production at Stockton has enabled us to repay this facility in advance of the repayment deadline. We appreciate Yorkville's flexibility and support in providing strong capital risk management as part of our management of working capital."


Major shareholder August 2014
Shareholder
Number of Shares

Percentage Holding

Spring Capital Ltd

362,820,513

7.78%

Brewin 1762 Nominees Ltd

280,000,000

6.00%

Peter John Chinneck

250,051,282

5.34%

Mrs Mary Best

205,612,882

4.41%

Adam Wilson

138,807,070

2.98%

Stephen Best

95,786,566

2.05%

Mountcharles LTD 64,102,564 1.40%

As can be seen 'Yorkville' shares are not overhanging the market and have not been for over a year. The share register is clean.

[mike111d] 27/8/2015 20:05

Please don't tell Metal Micky about YA Global as unlike some of he is probably not familiar with their pedigree and we are certainly not talking crufts - woof, woof.

I hope that helps :-).

[barnetpeter] 27/8/2015 19:56

I think this is going much higher but

Under the terms of the SEDA with YA Global Master SPV Ltd ("Yorkville") details of which were announced on 25 July 2013, Atlantic Coal has issued a further 689,491,203 new ordinary shares of 0.07 pence each in the Company ("New Shares") to Yorkville for an aggregate consideration of GBP1,450,000 before charges. Application has been made to admit the New Shares to trading on AIM which is anticipated to take place on or around 6 December 2013.

Lots of these seda placements if you look!!

So I think there is a huge overhang here from previous seda deals and as vol has been so low here there was no chance for the mkt to absorb. A few billion days will help that of course.....I think ATC is a strong buy now. I sold all mine this morning at breakeven.....finally. Looking to buy back in at these levels.

[bad robot] 27/8/2015 18:07

Mickie it's time to head to Lidl bins. Dinner is waiting. Maybe share some of your loot with my little red marker

Hope this helps

[mike111d] 27/8/2015 17:32

Oops looks like Metal Micky got it wrong again and with a .15p close I was pretty much bang on. As for the 24m we both know that it was a sell but either way it is now in the price.

As for tomorrow it looks to me like a return to .12p or possibly lower as the t-traders exit. Good luck folks.

[bad robot] 27/8/2015 17:16

Check out the nice delayed buy.

24.1m at 0.189 @ 13.34. They were selling shares at 0.187p at that time

That why offer jumped from 0.20- 0.222p

[tidy 2] 27/8/2015 16:41

Mcap now 7m First 6 months profit 4mWtf