ATH Resources Share Discussion Threads

[the stinger] 27/10/2012 10:18

You never know with ATH, however at current levels someone/a 3rd party may be able to strike a deal, down to the debt really. MCAP is currently at 330k!, last bid talks (year ago) MCAP was at 15-20 million ish with a little more debt!! and the situation was similar to todays.. so its possible any deal could increase the share price by 200-400% from 0.8p.

Total gamble with possible huge gains from here, however, could fold at anytime without an investor/buyer seeing value and doing a deal. Would not suprise me if a deal was doable tho'.

[gnnmartin] 27/10/2012 00:18

Given the RNS on the 15th, which included the statement "it is unlikely that shareholder value will be maintained following any possible restructuring." I'm more surprised that anyone is buying shares rather than that anyone is selling them. To that extent, the number of trades is encouraging, suggesting that someone might think there is still some value here. Perhaps the buyers are merely closing short positions.

I wouldn't be a seller, although towards the end of the tax year there may be sellers wanting to crystallise losses. I'm not moved to buy, though. They've been unlucky, but the price of coal and gasoil are still moving in opposite (unfavourable) directions.
Nigel Martin

[hayfield] 21/10/2012 11:53

Its like this, the market cap of the company is at roughly £350000!! which is in real terms is saying that they are worth zero. Thats funny because they are still operating, paying there Bills and selling the Coal.
I think the call to abandon ship was made too early, we could be looking at a nice return here as long as we stay afloat. I have a feeling we will get an update within a week or so saying all is not lost or words to that effect.
Money for jam at this stage

[karmastuartra] 20/10/2012 22:30

Agree with hayfield,all is not lost yet,worth a punt for a poss 100% return?

[hayfield] 19/10/2012 11:01

I cant believe the level of selling for a company with only 40.08m shares in issue. Large blocks of 2 and 300k sells over the last few days.
Looks like all the PIs have dumped there stock which is stupid really at these prices. The money is still flowing so all is not lost yet, when a company goes to the edge it can still turn around as all costs, sales contract prices etc are back up on the table so who knows.
I`ve taken a punt @0.083p this morning for 100k of shares, funny old game this but that would have cost me at least £50 or £60k 3 years ago and then there wouldn't be 100k shares sold all week!!!

[hudson64] 19/10/2012 09:53

I Know companys who supply spare parts for this company who still get paid every two weeks on the nail.
not something you would expect if its going down the tubes.

[pamjim12] 18/10/2012 15:20

Stupid spread putting off new support, including myself, Jim.

[karmastuartra] 18/10/2012 13:40

Got the strangest feeling these are going to rocket
Following a surprise update

[camelot101] 15/10/2012 21:13

1.0 - 1.75

More spread here than Lurpak butter....

[ihavenoclue] 15/10/2012 10:43

totally .... why ? They have been unable to control costs ... they will probably carry out a huge DfE at high 90's. Then several months down the line run out of cash again.

This sounds like to me the beginning of the end for this poorly ran company. It reminds me of the companies that consolidate, to help improve liquidity to help shareholders in the long run, then drop some much over the coming month/year that they have to consolidate again.

AVOID

[totally banjo] 15/10/2012 09:26

"it is unlikely that shareholder value will be maintained"-nearly spilt my coffee on reading that part!

Gave up on this ages ago but worth a punt at this level? who knows...

[ihavenoclue] 15/10/2012 08:49

Rough translation :- PI are screwed.

I am not sure why PI's continue to hold after this news. Seems like a huge DfE and still no cure for spiralling costs.

[totally banjo] 15/10/2012 08:31

15 October 2012

ATH Resources plc

("ATH" or the "Company" or the "Group")

Update on Restructuring

On 5(th) October 2012, the Company announced that it was in discussions with its key stakeholders to secure support for a proposed refinancing plan. Consultations with key stakeholders, including the Company's lenders, are continuing, but developments over the past week have led the Directors to believe that the Company is unlikely to attract the level of capital required to continue operating without a restructuring of the Group. Given the level of liabilities within the Company, it is unlikely that shareholder value will be maintained following any possible restructuring.

Accordingly, the Company has instructed Deloitte LLP to advise on all restructuring options that may be available and to assist the Board in considering the merit of any proposals from parties who may be interested in investing in or acquiring the business.

The Company will update the market on developments in due course.

[guidfarr] 12/10/2012 00:31

Spread betting magazine october edition out focus on mining companies

[armagan] 28/6/2012 12:33

I am beginning to wonder about the management of this firm, they have ridden the high price of Coal, and seem unable to manage spiraling costs and problems. I'm glad I averaged it down and only have limited exposure to it. This is my worst performing stock, what a stinker.

[m.t.glass] 28/6/2012 07:27

- Operating loss before exceptional items of GBP3.9 million, after including a provision of GBP1.1million in respect of the Government's Carbon Reduction Scheme (2011: profit GBP1.7 million) -

So discounting that government subsidy it has effectively swung from a £1.7m profit to a £5m loss. And is putting a significant portion of its operations on hold till some unknown date in the future.

[cookieseo] 21/6/2012 11:18

whats with a 1.1m carbon charge for a conveyor belt? surely someone somewhere should see some sense

[empirestate] 14/6/2012 07:46

gonna get nasty here today (dont hold), should see a good 50-60% drop.

[gfrae] 24/5/2012 08:49

Like the last government.When credit was easy,it piled on the debt.It used dodgy accounting to pay big dividends out of it's so called profits.When the coal price was high it did'nt pay down debt.

[m.t.glass] 24/5/2012 07:49

Another profits warning this morning from ATH

"..Reduced coal prices also continue to impact on the Company's margins and this will result in further reductions to the Board's expectations of trading performance..."

[r5sjr] 28/4/2012 10:02

whats that mean?