ATH Resources Share Discussion Threads

[loafofbread] 07/1/2011 08:23

A couple of decent trades yesterday, all bodes well imho.

Anyone going to the AGM in 10 days time?

[spaceparallax] 06/1/2011 14:10

The retracement appears to be bottoming - augers well for the next leg-up.

[loafofbread] 05/1/2011 18:09

More than held it's own today with all those sells. Buyer in the background?

The price of coal is through the roof at the mo and it's about time ATH reflected that, legacy contracts or not.

Still wish Hargreaves would make a play for us with their overvalued paper!

Good to see decent volume for 2 days.

[spaceparallax] 04/1/2011 11:47

I wonder if we'll hear any news on their winter production? I know that's unusual, but given previous years' problems it would help reassure investors.

[spaceparallax] 04/1/2011 10:17

recent positive share price movement continues

[spaceparallax] 31/12/2010 11:27

a little life today

[sammu] 22/12/2010 22:50

Cashflow - I mean the investment that they are making in the two new mines £14m, and if the weather has a impact (delay is current mines or opening new mines) then there could be pressure on the situation short term.

[cnx] 22/12/2010 16:27

sammu

why should cash flow be affected? surely they sell inventory that is stockpiled

[sammu] 21/12/2010 21:59

I think this looks good medium term, but the current cashflow situation has some risk especially with the current weather.

[spaceparallax] 20/12/2010 16:06

I think we may see a tick-up pretty soon.

[spaceparallax] 20/12/2010 08:40

confident buying as the breakout was holding.

[divinausa1] 19/12/2010 00:32

i wonder why the late surge in the share price ..

[loafofbread] 17/12/2010 16:54

Nice finish!

See you Monday.

[spaceparallax] 17/12/2010 15:04

that's better - hopefully should be able to maintain an assault on the 70p level

[spaceparallax] 17/12/2010 09:58

Good to see the CFO buy - should help maintain the recent rise.

[spaceparallax] 16/12/2010 16:49

A good rise to just above the recent high - interesting to see what happens tomorrow when the news spreads wider.

[loafofbread] 16/12/2010 13:37

This came out last week, before todays news. thanks petrit iii

By Miles Nolan, Editor of GCI - LONG-TERM BUY

After a tough year AIM quoted coal producer ATH Resources is looking in much finer fettle. Heavy rainfall in Cumbria hit production at its Ayrshire mines then snowfall caused its conveyor to halt so coal could not be delivered to customers.

This led to first half losses but the picture has since improved with sales for the year to 3 October 2010 up a touch to £78.3m as profits from continuing operations fell 34 per cent to £4m. Overall sales of 1.79m tonnes dipped slightly as coal prices rose steadily during the year to $110 a tonne.

The sale of its non-core Regeneration assets yielded £6.5m helping to slash net debt by 14 per cent to £34.5m. Having not generated any income for two years due to delays in its Australia based prospects this disposal also does away with a significant investment that would have been required.

ATH is planning to open two new sites at Netherton and Duncanziemere next year to replace lost production at its Samsiston site. Strong cash generation should go a long way towards financing the £14m cost of opening these mines. However with additional bank facilities still tricky to come by this has meant shareholders have seen a halving of the dividend to fund development.

ATH is also working through the legacy of past fixed price contracts that have meant it is achieving less revenue from coal it sells this way than new sales contracts agreed at current prices. A new management team led by CEO Alistair Black and FD Andrew Weatherstone should also provide fresh impetus.

We recommended buying shares in asset rich ATH in Growth Company Investor at 54.5p on 8 November 2010. After a slight rise to 58.5p we retain our counsel and rate the shares as a Long-term buy.

[spaceparallax] 16/12/2010 09:51

great news, I can feel the EPS improving already.

[loafofbread] 16/12/2010 08:29

Looks like a decent contract in the bag at a decent price.

Well done ATH for once.

[spaceparallax] 10/12/2010 10:26

A Director buy is always good news, even if modest.

[spaceparallax] 09/12/2010 09:39

There are undoubtedly risks, but that's true in most business.

[divinausa1] 08/12/2010 23:11

moneysage lol

i would say very unlikely that they dont secure more mining rights...

to risky for you then your risk apetite must be very low

[moneysage] 08/12/2010 20:45

they are sitting on 8.6million tonnes of coal - which will take 4 years to dig out, the same time it would take to pay down their debt.

the risk is that they do not win mining rights in the future past this point.

too risky for me.