Atlantic Coal Share Discussion Threads

[addict] 14/9/2015 08:39

Very heavy dilution?Get a new calculator

[apfindley] 14/9/2015 00:24

This news points to very heavy dilution Get into GWMO instead

[datait] 11/9/2015 15:01

made a huge profit already today with jlp and afpo so 5k see what that can bring me top up on a slide.

[binladin] 11/9/2015 13:44

Now rights issue price done. The share price will fall to 0.05p

[eezymunny] 11/9/2015 12:33

As I've said many times garykc, most of that profit was "other income" and "other gains" i.e. not made from the primary business of selling coal AFAICS.

Only about $2m made from normal biz and with $500k in interest costs that's a net c. $1.5m or c. £1m.

Much better than they've done for a long time but one swallow doesn't always make a summer as we know.

With c. $24m debt, a net current liability position, historic losses of $31m, accrued restoration costs of $4m etc etc it's hardly surprising that they are tapping the market for every penny they can get.

If they continue to mine at a level of profitably at or above H1 maybe the equity will do well, but it's a risky punt here IMVHO.

[letmepass] 11/9/2015 12:23

Most forward sold in the last few days

[garykc] 11/9/2015 12:21

mmmmmmmmmmmmmmmmmmm, raising £300k through a placing when they have made $4.5m profit. Why?????

[eezymunny] 11/9/2015 12:14

Given the amount of debt on the b/s it's not hard to imagine more placings to follow if there continue to be penny punter buyers...

[datait] 11/9/2015 10:55

cc said you should be watching every day this as there is plenty to come.

[datait] 11/9/2015 10:12

and what board is that tidy ?

[datait] 11/9/2015 10:10

market makers trying to force you to sell lol

[tidy 2] 11/9/2015 09:35

Well we're on the leader board guys.

[tidy 2] 11/9/2015 09:12

Cup n handle in effect on monthly. Handle heading towards breakout.

[datait] 11/9/2015 09:01

I will wait for .14 as I feel it will fall back some.

[addict] 11/9/2015 08:32

Squabble all you like this business is being transformed.Happy to hold/add on any dips.

[tidy 2] 10/9/2015 18:33

Just looking at the chart and it seems a cup n handle is forming. I will be holding these for the foreseeable.

[datait] 10/9/2015 13:49

14p then I might get back in.

[eezymunny] 10/9/2015 11:35

You posted it, Tidy 2.

I've asked you not to misquote the currency before. As I say do it again and I'll report you to the FCA. They may do nothing but you'll have to decide if you want to run the risk of an unlimited fine.

[tidy 2] 10/9/2015 11:27

Eeezymoney that is a post off LSE FYI !

[datait] 10/9/2015 09:27

glad I sold out as it has risen high enough for now will expect a pull back will sit on the fence for now.