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Based on the $153.9mn EV (enterprise valuation) in October by SeeThru Equity, with increased yield and positive pricing of anthracite, it is now about 4% higher ... so we can safely assume $160mn as a revised estimate ... this would be the price if the company was put up for sale or taken over (which is our case) ... at .76p conversion to GBP = £121.6 million.
Looks good whatever the vote take-up results in, plenty of upside for a rosy future while Trump rules.
£70 million is nowt to do with unvrkw that’s my figure based on what I thought the 10% Ds stake is worth,I had calculated a bit more but I’m happy at £70mill as all the figures we are working with for Atc are nearly 2yrs old.....this company is not the company it was at de listing.......so glad I didn’t listen to those activists bullsh*tters
Unvrkw - are you doing your valuation gross or net of debt? A day one valuation of £70m looks very high to me. Thanks
Anthracite indices are steadily increasing and stabilised in February 2019 to around 360 and could reach 379 achieved in February 2012. Demand in USA mined anthracite is increased by Trump's tariffs on imported coal and the US steel manufacturers requirement for anthracite against a limited supply, where Atlantic Carbon is the biggest miner.
Revenues can be seen to be increasing exponentially, year on year, with increased yields ROM. Margins can be maintained for the foreseeable future, if not increased with the implementation of the new machinery and future investment.
The next 20 years appears stable, plus new seams and permits sought for further growth.
October 2018 Valuation of Atlantic Carbon Anthracite Mine, Stockton, Penn. USA.
Our valuation of Atlantic Carbon yields an enterprise value of
$153.9mn comprising $68.0mn of total debt and an equity value of $86.8mn
http://www.atlanticcoal.com/News/docs/ACG%20Research%20Note%20Oct%2017%202018.pdf
Oh I agree......but we need the institutional investors to take us there short term not force it on the market imho.....once the ii,s are in,committed with their cash,then they can take us to the moon and back.....
This will be a 100 million valued company,easy
£70 mill 0.01p...ish
Post takeover 0.01p divide by 1.55= 0.006p
With relisting getting closer what does everyone think the relisting price will be and how high could the share price go in the first few months I was thinking anything from .007p to 0.3p which is a big spread but reflects how little information is currently available on how well the company is doing, do we now have 3 actively producing mines?
With relisting getting closer what does everyone think the relisting price will be and how high could the share price go in the first few months I was thinking anything from .007p to 0.3p which is a big spread but reflects how little information is currently available on how well the company is doing, do we now have 3 actively producing mines?
Yep that timeline would make sense. After all you don’t want to be stood in front of a group of investors and have nothing material to say!!!
Should be a lot of new information coming our way over the next few days. It’ll be interesting to see how they come to the valuation of the company once received.
So quite a lot has to come out in the open or literally they’ll be stood there asking for investment it saying nothing about progress. Get agm Monday so then prospectus and then listing approval.
Prospectus before investor show so as to share?
Let's hope it's great times ahead for all us shareholders! We all deserve it!
Good luck all,lots to look forward too this next few weeks.....
It’s great to be in this share. The expectations are huge and growing each day, I suspect that those with several million in will take the opportunity to de-risk and leave a good chunk in for the ride.
Prospectus should be published next week in readiness for all the investor meetings. With what is happening in the US I think investor demand will be huge. I only Invested £3k stake before it delisted. I’m not sure what the final valuation will be but my personal expectations is for at least five times this return if not more. Am I being too optimistic? It’s going to be incredibly fun finding out.
Hobione.
Yep, their making huge sums due to steel, tariffs and de regulation. The next big step is US election night, does trump get another four years?
Anthracite is at the top of the pile for quality and price, I think atc are doing very well and will continue to, find out later and Monday
Good luck everyone! Should have a bit more ‘meat on the bones’ later on this afteronoon. List mid-late April would be good.
just seen on bloomberg .coal miners in america having boom year returning 3 billion back to shareholders in buybacks and divedend payments.and expect this to continue for another year.think i am going to hold off selling.
IT says on my HL account assured takeover acceptance line .is that what it should say.hope I have done it right.
They read this website so maybe that gave them the heads up to change it.
Closed 1pm, I expect an update later today
I see they have now changed the logo on the UK Investor Show website to the correct one; Atlantic Carbon Group Plc (had been Atlantic Coal).
If anyone's going to it on 30 March, would appreciate an update here on anything Interesting!
Yep it’s all go, not long for the next update
I rang them yesterday & they told me my acceptance of the offer has been received but nothing will change till next week after the offer closes so nothing to be concerned about.
Some new photos just posted on Twitter!