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Although a plc, but not stock market quoted, the new name is up and running at Companies House.
Yet to be updated with the changes on the BOD, I am eagerly awaiting the next Confirmation Statement (CS01) showing the revised shareholder list... It was noticeable in the last statement (Dec 2018) that Steve Best was shown as owning Zero shares, whereas his wife and family were still on the register with substantial, although reduced, holdings. Some could be hidden in nominee accounts.
It will be interesting what Seth Schwarz proposes... Hope the future isn't Black (like his name translates).....
He will be more acceptable to the US mining companies if a reverse takeover and US listing is proposed, although a UK main market would be better to attract the big Institutional investors.
As the company is supposedly doing so well, I suppose a dividend payment for us suffering long term investors is out of the question?
looks like there holding everything back until next phase, steps are being made and they have certainly bought in a better man to now run the place, he look good and he looks like he has worked in some good businesses
how fast it now moves i guess depends on how well they are doing and what the plan is in order to get more investment, get money out? i doubt a divi is coming, all money will stay in until the plan is realised.
Don't mention the dreaded "D" word ...
Waiting now for an AGM that would introduce us to the new CEO Seth Schwarz and furnish us with plans for the future.
Anthracite pricing indices for April out soon, expect them to be stable.
Will be interested to see what the scuppered reverse takeover cost us in fees etc., not likely to be cheap, corporate actions never are.
The cash position should have improved greatly with sales and output up, but future expansion by acquiring adjoining tenements will need major investors to come aboard and that means floating the company back on an exchange, be it in the US or UK. ... why not a simple re-list as the renamed Atlantic Carbon Group plc.?
Then an open offer for shares, at a discount to whatever market price, could be made to raise capital and reward long term holders (those on the register for more than 6 months whilst delisted would get a slightly better offer than the johnny come lately's). That way we would then have a chance to realise our investment and take advantage of any increase in value.
There seems plenty of scope for income to be obtained by using our Komatsu leased machinery to best advantage at other less efficient mines, close-by, in joint ventures that would not commit the company to great expenditure but would enhance the income stream.
Meanwhile ... living in hope.
A little chat with Adam Wilson last month
https://m.youtube.com/watch?v=vzxntB9efaU
Quite like the video, sponsored by ACG so bias but not unusual. Need investment, climate change understandable isn’t on the agenda and they are doing well.
Looking to grow and trump is looking at a 1 to 2 trillion infrastructure bill at the moment.
I’ve decided, will hopefully take my investment one day, sell and buy a Tesla, that’s my way out of supporting climate change. Next steps very interesting, next couple of months maybe, one or two pence if the infrastructure bill goes through more than possible.
He must have mentioned "need investment" about 20 times during the interview. Makes me wonder if they need investment!!!!