Atlantic Coal Share Discussion Threads

[garykc] 24/10/2016 16:31

My point once again, and I will keep ranting about it, if the deal goes ahead and Atrum only buy the Directors shares, we are once again in a no win situation. All they have thought about is lining their own fat piggy wallets. No thought at all about bringing in other shareholders apart from the oinks they know. If the offer is open to all, I still stand by my pigs in the trough comment.

[smalltimer] 24/10/2016 11:30

Barnetpeter, if you had checked you would have seen it very much has to do with the 26.68%!

Per Atrum's ASX announcement dated 3 August 2016: .........'' 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 (465) 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). '' ...........

[garykc] 24/10/2016 07:32

They are even shafting us from the other side of the Atlantic. Just how they can get away with this is just mind boggling.

[barnetpeter] 23/10/2016 20:50

"Steve Best, the CEO of ACG, and persons connected with him have entered into an
agreement with Atrum Coal NL to sell their shares in the Company subject to certain
conditions"

that has nothing to do with the 26.68 per cent.

[smalltimer] 23/10/2016 16:03

Barnetpeter, you are wrong regarding the board having sold their shares!!! You should read announcements that are made!!! As per the last issued by Atrum, on 17 October: ..... ''Atrum has not yet completed the acquisition of the 26.68% interest in ACG announced to the market on 4 August 2016 (“Acquisition of Shares in Atlantic Carbon Group PLC”). This acquisition will not complete until the due diligence on ACG has been completed to Atrum’s satisfaction.''

[barnetpeter] 22/10/2016 14:36

all bets are off now. I doubt any offer and more dilution likely via a bargain "investment". It seems the Board has mostly sold their shares but I doubt a similar deal will not be offered to PI's.

[xow98] 22/10/2016 08:53

Atlantic Carbon Twitter

Atrum DD continues.
Live Micro looking at direct investment
One, both or neither could happen

[doc robinson] 22/10/2016 08:25

Offer extended to next Wednesday 25th October

[garykc] 21/10/2016 08:41

With the pigs we have in charge, nothing would surprise me. They have been shafting us for years and laughing behind our backs. Oink oink.

[ah73] 21/10/2016 08:05

Sure.... as long as we are not in a position where both companies decide not to make an offer..

[barnetpeter] 20/10/2016 18:53

I dont know why apprehensive? We should find out tomorrow where we are....better than being delisted. I think we must get the same as the director as a minimum.....much better than the final price esp with sterling being so weak. Lets hope the offer is all cash.

[ah73] 18/10/2016 19:16

Fair enough Big7ime yes that is what the RNS said. I'm just relaying the email. I too am somewhat apprehensive about this take over but I guess we just have to sit and wait. Presumably atrum will disclose Thursday evening early hours Friday due to time difference.

[meijiman] 18/10/2016 17:29

It's like watching Grannies getting mugged in the street............

[big7ime] 18/10/2016 17:00

From Royal Energy:

Following due diligence on the limited information made available by Atlantic, Royal has determined that there is insufficient engagement regarding a potential oFfer

[garykc] 18/10/2016 16:54

Oink oink where's my truffle?

[garykc] 18/10/2016 16:51

Are any of them?

[big7ime] 18/10/2016 16:44

Ah, ok that sounds better, depends what you read, is this Barney fella reliable?

[ah73] 18/10/2016 14:26

Hi Big7ime,

I actually received an email from Barney that said the following..

"ACG has placed a large amount of information in three identical data rooms for the three prospective bidders and ALL requests for further information have been promptly answered with any additional information uploaded to all three data rooms. No requests for additional information were received from Royal Energy."

[big7ime] 18/10/2016 12:27

Looks like they weren't forthcoming with info for Royal to do the necessary due diligence which is odd if they are acting in interests of shareholders
Shame as Royal were the only serious contender IMO
Hope I'm wrong but experience tells me it's not going to be a good outcome for PIs

[barnetpeter] 17/10/2016 21:18

Extending the deadline to Friday now permission given by takeover panel. That will probably be final date.

[barnetpeter] 17/10/2016 16:46

today then......15 mins although it might be US time perhaps. RNS in the morning.


0.45 cents is my guess....about 0.37 pence in cash or a higher price if you will take stock.

A guess......

[ah73] 14/10/2016 07:49

I believe the deadline is 5pm 17th October not 18th... the 18th was for Royal Energy who have decided not to proceed.

hxxp://www.thetakeoverpanel.org.uk/disclosure/disclosure-table

[barnetpeter] 13/10/2016 22:49

So we will know by next Wednesday I think as the deadline is 5 pm 18 October.

[vatnabrekk] 11/10/2016 23:29

Looks like the chickens will be coming home to roost very shortly.
If anyone wants to know what's going on, send an email to Barney - he's usually very good at responding.