I really hope so too and I'm pretty sure they've learned lessons from the past not to scare off investment by expanding regardless of cash flow we must now become debt free to be able to assess real value/sentiment & push the sp up and encourage new investors to buy in at this ridiculously low level,debt free low risk niche product that's the only way sceptics on the sidelines & those who are in at a much higher price will trust the vision now in my opinion.
No appetite for more shares
Hopefully they understand and realise private shareholders want a return at this point rather the potential. Debt gone and then use profit to advance the business, plus sp increase?
RE: sales of product
The debt has been coming down regardless of squeezed margins due to a hard winter and falling prices but indeed with the china deal in the background plus other possible international deals to be found as discussed at the atm, once the remaining debt is payed down ..if we continue at present levels that should be within 2 years at most, With the lower grades of coal, anthracite unfortunately gets tied to the generalisation that all coal is inefficient which is fundamentally wrong. High quality Anthracite will be in high demand whilst it exists which is the reason for seeking out new mines but I do hope we continue to clear the debt before any new significant spending plans.
sales of product
we know the sales are there as in the last rns the annoucenment indicated how much was possible with the knowledge china is always in the background. its about the profit level. stockton has been declared profitable in previous RNS so everything being mined makes money, how much of this coal, money etc however is being used to pay down debt and the next mine opening and lease is the question. i dont mind this being the case as long as they dont tap private shareholders for anymore. another shift at the wash plant, all out sales to balance down payments and cash flow so profit can be declared asap.
Atlantic Coal @AtlanticCoal · 14m US steel industry is major market for PA anthracite so this is very good news for ATC and US demand for anthracite. Happy Days! ReplyReplied to 0 times RetweetRetweeted 0 times FavoriteFavorited 0 times More
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