Indeed plus there's value not added yet to what we already have.. "It is of course worth noting, the company also has a 20 year lease option over the Pott and Bannon anthracite mine 25 miles away from Stockton, where reserves of around 13.6 mln tons run-of-mine (ROM) coal are currently in the process of being proved up." .. note the being proved up bit. that alone is an RNS waiting to happen which should affect the share price & i did expect that bit of news at some point this year as it was also stated in an RNS last year regarding Potts to be proved up as per AIM rules which in turn gives value to Potts before even digging anything out the ground.
RE: The coming weeks...
Talk on iii of a new acquisition, remember this article? http://www.proactiveinvestors.co.uk/companies/news/71553/atlantic-coal-sees-prices-picking-up-as-it-plans-to-add-capacity-71553.html Interesting days ahead here :);)
RE: The coming weeks...
Rats I'd say we will get to the 1p mark again but once the debt has been paid down and at this rate it should be by this time next year but I don't think 1p will come quite so soon. When junior miners have potential but are in the planning stage not producing, they tend to have a higher level of interest/investment and we see AIM shares shooting up on RNS based on positive sentiment and belief. SXX has over 200millon investment & at 12p but isn't producing. We however are producing but many ask how can we be at such a low level but be digging the stuff out the ground and selling it? Put simply the investment gets used, share price sinks and some feel conned out of their investment. Standard life increased it's holding this year plus bods have increased also all be it minimal value. We were at 1.8p pre recession and I would expect us to be at least 1p within 5 years, some think sooner and some others think never, that's just my take on it.
Ultimately we invest long term in a junior miner with the belief of it coming good eventually and returning a big profit hence risk/reward depending on ones own appetite for accepting those risks. The AIM waters are choppy and fickle pushing downwards value of our investments especially during harsh financial times creating bigger question marks over our beliefs in our choices of stocks/entry points. I believe strongly you make your decisions based on fundamentals of the company first and everything else secondary. ATC will get there however long the road. 1 RNS is simply that & an indicator for long term investors.
The coming weeks...
are pretty exciting. I know that I am new in this share and thank my lucky stars that I got in at the price I did as judging by activity and comments today, this is going to go up significantly after some good results we all hope. I feel for you guys who have waited for years for some positive news and an improvement in the price, it looks like that day is not far away. A few questions really as I am a bit naïve with shares and have dipped my toes in with a few companies including, SOLO, UKOG and ATC. What should be a realistic price for ATC should the results be positive? Also, due to the amount of shares in issue, does this ever have a chance of being above the 1p level? As always, thoughts and feedback much appreciated. Regards Rats
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