Atlantic Coal Share Discussion Threads

[browngirl] 01/9/2016 15:41

barnet peter

Many thanks

Can I ask do you own shares

[barnetpeter] 01/9/2016 15:27

No....thats just a silly price. I estimate the current value as about 0.5 pence per share. Look at the amount of investment in the company (and I guess Atrum will buy the company in time)....millions. Add in record results and i am guessing these would be soaring if still listed on Aim. Somewhere like 0.8 would be my guess with the listing.

Which does not mean we will get our money back etc. The decision to delist just as the company was turning the corner was not great for PI's but no-one cares about them of course....


Key Acquisition Terms

The binding agreement for the Acquisition has been entered into with Stephen Best (the current CEO of ACG) and persons and entities connected with Stephen Best, including Mayford Equities Limited, Mary Best, Willoughby (4615) Limited, Lucy Best, Helen Frankland, Penn Carb Inc and Mount Charles
(Mayfair) Limited (together, the Vendors).

Subject to the satisfaction of various conditions to completion (set out below), Atrum will acquire a total of 1,042,017,264 ACG shares and 576,000,000 warrants that are convertible into a similar number of ACG shares. The exercise of the warrants would result in Atrum acquiring a total of 1,618,017,264 ACG
shares (amounting to an interest of 26.68% of ACG's enlarged issued share capital).

The consideration for the Acquisition will consist of the following cash and scrip components payable on completion of the Acquisition:
 a cash payment of US$3,000,000;
 a cash payment of approximately US$1,130,000 for outstanding warrants and as a negative control premium, the payment of which is conditional on Atrum acquiring a minimum of 25.01% of ACG on a fully diluted basis; and
 such number of Atrum shares that is equal to US$3,000,000 (Consideration Shares).

[browngirl] 01/9/2016 11:05

Hi All

I own shares in this POS and I have now heard that they will buy my shares at 0.095
Is anyone else accepting the matched bargain offer or do you reckon it is worth waiting to see whether we relist in USA/UK

Any feed back would be appreciated

[piedro] 01/9/2016 08:16

Hello, looking in from Atrum Coal.

Does anyone like this company?

[marmar80] 17/8/2016 09:12

Not a lot so. I expected 0.3-0.5c

[p@] 17/8/2016 09:07

With the warrants they will pay 1/576 $ per share = 0.2c per share.

[marmar80] 17/8/2016 08:26

You mean they are selling their own stake and no chance for a further dilution? Do you know the price they will get for each share?

[p@] 17/8/2016 08:22

The shares are issued by the board ,not existing shares.

[marmar80] 17/8/2016 08:01

This is rising a question, how the Atrium is going to get the 26%shares if nobody is selling via matched bargain system? What price will they pay for a single share?

[garykc] 17/8/2016 07:55

Hi Chrisgail. I wish I shared your optimism. Knowing the BOD, they will wangle some way out of giving us PI's anything. The "matched" selling was a disaster as far as I could tell. No-one was interested in buying my shares and more importantly, didn't give a toss.

[chrisgail] 16/8/2016 20:06

At some point the Directors who are major shareholders will want their payoff, that will mean a stockmarket listing, or, the Company being taken over, in both cases we get a chance to enjoy some rewards.

[marmar80] 16/8/2016 09:58

What was ATC mcap before delisting?

[chrisgail] 15/8/2016 19:40

Have a look at Atrum Coal on their site is a presentation regarding their investment in Atlantic Carbon. They look like a well run Company that is stock market quoted, in the USA, so they may in time take us over, we will see.

[chrisgail] 15/8/2016 18:18

Marmar80 ATC made this comment a the end of their press release announcing the purchase of Hazleton Shaft Corp: The Company delisted from the AIM market in January of this year in order to progress the HSC acquisition which would have been impossible under the AIM reverse takeover rules, however, with the successful HSC acquisition the
Company is now looking to relist on the US market. See ATC web-site press releases.

We of course have no choice to hold and wait and see!

[howesp] 13/8/2016 14:09

Thanks Victoria,

Every little bit of news helps even if we have to rely a lot on ATU (ASX).

If I was feeling a little more "charitable" to Barclays Stockbrokers I would say stick ATU in an International Trader Account but chances are Barclays or their agents SAXO will claim ATU is too small and enforce a sale of the shares. Been there and been caught!

Just have to wait and see. Hopefully the ATU/ACG relationship will be successful and profitable and the new Group will re-list in London sometime.

Regards

[marmar80] 13/8/2016 11:47

Do we know if ATC will ever come back here or to US stock market?

[chrisgail] 12/8/2016 18:29

The deal does suggest the Company is now valued at 0.24p per share, a large step in the right direction.

[marmar80] 11/8/2016 16:35

What would be the share price after this announcement and recent revenue? Probably 2-3 times higher than 0.09p! Will we ever get the back on the stock market?

[xow98] 11/8/2016 15:23

Dear All,

Atrum Coal NL has entered into a binding agreement to acquire a 26.68% stake in Atlantic Carbon Group Plc, as announced on the 3rd August:



Atrum have also entered into an option agreement with Atlantic Carbon Group for the supply of up to 100,000t of sized anthracite, with details contained in the following link:



We will keep you updated with any information as soon as we can.

Kind regards,

Victoria Worrall

[vatnabrekk] 13/6/2016 20:46

I believe they are now looking to re-list on the US stock market, but no idea when this might happen.