ATH Resources Share Discussion Threads

[notanewmember] 03/7/2008 22:09

This is being blatantly manipulated! talk about shaking the weak hands!

Coal is the most valuable resource in a depression - so much so, it was the very last thing to be taken off rationing after WW2 Goddamit!

[jonwig] 03/7/2008 16:59

Price movements against trades is pretty meaningless - MMs are making a market against perceived risk ... just as we are buying/selling the same market.

I've never been a great believer that ATH is cheap, but hold EGB, down about 7% today.

No doubt this report is something to do with it:



If you believe the future is coal, and that ATH is cheap, view this as an opportunity.

[muffster] 03/7/2008 15:50

Time to write to the FSA - this looks like manipulation

[spaceparallax] 03/7/2008 11:06

Looks like we're being bitten now like evrywhere else.

[wassapper] 02/7/2008 09:28

China – power under pressure with continuing coal supply shortage
The price of coal is being brought under temporary government control in China as power generation supplies continue to dwindle.

Author: Dorothy Kosich
Posted: Wednesday , 02 Jul 2008

RENO, NV -



An official with China's Electricity Council said coal supplies used in power generation continue to be tight.

Xue Jing, director of the statistics and information department of the China Electricity Council, told China Daily, "The supply of coal, which fuels over two-thirds of China's power plants, is still tense nationwide, causing big pressure for the country's power plants as well as the total power supply in the country."

Xue predicted that coal supplies will continue to face difficult times, especially this summer, which is China's highest energy consumption period. For instance, it was reported that Shandong Province, which usually has enough coal in reserves for at least 15 days of operation, only had reserves to accommodate 12 days.

To ensure coal supplies, the nation exported less coal in the first five months of the year for a total of 18.5 million tons, a 4% drop from the same period last year. Nevertheless, the value of the export coal rose 48.3 percent to $1.68 billion, according to the General Administration of Customs.

Limited transportation availability and limitations on mine production also contributed to the shortage, Xue said.

The National Development and Reform Commission said coal prices will be brought under temporary government control because the soaring coal price is the main factor behind increased electricity charges. Xue told China Daily that in some regions coal prices have increased by as much as 100 yuan per ton (US$14.59 per ton).

[wassapper] 30/6/2008 20:59

We have the only coal stock that is going nowhere. It's time will come for sure.

[spaceparallax] 25/6/2008 15:07

I too was of the impression that Artemis already held a notifiable position.

[sharpshare] 25/6/2008 14:03

History of Artemis holdings:
10 Jan 2008 5,109,002
22 Jan 2008 4,688,762
19 Feb 2008 3,954,675
20 May 2008 3,035,675
28 May 2008 2,370,675
18 Jun 2008 1,800,675

Looks like someone at Artemis made the decision to sell out about 6 months ago at around 200p. Since then coal prices have risen by about 80% and the share price has remained capped around 200p. I suspect there may be a number of stalking buyers waiting for the Artemis stake to drop close to zero before piling in. Once the stock overhang is cleared the share price should recognize that spot coal prices are up about 200% over the last 18 months.

[sharpshare] 23/6/2008 14:28

Interim presentation

Planned production in H2 of about 1.3m tons from six mines including about 100,000 tons from first production at Muir Dean.
2.3m ton Muir Dean coal currently unpriced, worth about £216m at current spot of about £94 per ton, cost to extract about £64m based on about £28 per ton cost, annual production plan about 450,000 tons.
More Australian project details.

[notanewmember] 22/6/2008 08:47

Share Price is holding up well despite lower profits.

Should be alright to be back in this next week. That line of stock is slowly dwindling, but under the radar still.

[sharpshare] 21/6/2008 14:39

Another new high for Rotterdam coal at $185.53 per ton.

[sharpshare] 21/6/2008 14:34

"Shares says: Anticipated coal price strength and growth opportunities make Energybuild and ATH attractive."

[gateside] 13/6/2008 06:02

I bought into ATH this week. Nice to buy in sub £2

I see good long term value here. Possible expansion in Australia, could transform the prospects of the company.

Sharpshare... thanks for all the links to the various articles.

[sharpshare] 12/6/2008 13:41

Ho Hum, another new all time high for Rotterdam coal at USD 177 per ton.

ATH got an average of £32 per ton last year.
Current spot is £91 per ton at a sterling rate of 1.945.

% Contracted coal based on planned UK production, yrs to end Sep:
2009: 50%
2010: 38%
2011: 13%
2012: nil

[sharpshare] 12/6/2008 08:42

"Although providing security, ATH's long-term contracts constrain its ability to take full advantage of the current surge in coal prices. However, with output restored following the temporary closure of Grievehill, and the growing land regeneration business through ATH Regeneration, the shares are good value."

[loafofbread] 12/6/2008 08:15

Two large late buys yesterday.

If Artemis are going all the way, someone is happy to help them out.

May even be a couple of BOD buys!

With the price of oil ever higher I cann't see much downside here.

happy to add at this price.

[loafofbread] 11/6/2008 10:03

cheers Sharp.

Anyone see anything from house broker Evolution?

[sharpshare] 11/6/2008 09:47

"ATH RESOURCES, one of the UK's largest coal producers, is in talks with power companies to sell its coal at much higher prices than it has previously achieved."


"ATH said it was now producing from both the opencast Muir Dean mine, near Dunfermline, and the Grievehill mine, in Ayrshire. "

[aleman] 10/6/2008 16:57

With £0.4m at the half way stage that means H2 pretax will exceed all last year's. H2 IFRS earnings should be 15p+. I'm new to this share but doesn't that mean we could much more next year, like 40p+, with more production higher prices and regeneration sales?

EDIT - note the "will exceed" where often you might have got "should exceed". This suggests more than just a little over £9m, don't you think?

[sharpshare] 10/6/2008 16:36

"Full-year pretax profit will exceed 9 million pounds, Chief Executive Officer Tom Allchurch said by phone today. That compares with 8.6 million pounds in the last fiscal year. "

[sharpshare] 10/6/2008 10:00

Results as expected as the production figure was announced 2 months ago.
2.3m tons unpriced coal from Muir Dean going forward. Likely Australian production should add another income stream.
Conservative statement saying current potential contract prices £25 to £30 higher than old contracts. Dividend in 2 weeks time.
As long as coal prices stay firm profitability is going to go progressively exponential.

[loafofbread] 10/6/2008 08:46

Seymour pierce buy with £2.50 target.

Still think a placing is on the cards.

Excellent news going forward.