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Just a snippet of a recent rare earth study....currently US gov throwing cash at this as there will be a shortage of these minerals,I seem to recollect AW mentions “other minerals” in that last interview......I wonder if there is potentially anything cash generative in the mineral department in our by products from the processing plants?
https://www.globenewswire.com/news-release/2019/04/12/1803248/0/en/Texas-Mineral-Resources-Consortium-Successfully-Produces-Multiple-High-Purity-Rare-Earth-Elements-from-Pennsylvania-Coal-Mining-Waste-Material.html
More happening on tariffs not sure more on steel but will no doubt have an impact on anthracite prices
ACG demanding a jury now for their breach of contract suit 29/04/19......
Not sure impact but another country that can’t now sell in the USA and he will ban others that buy it
Good post but I would put my holding on the bet that says never again Aim......Seth Schwarz is no mug and to associate put his name to Acg and secure a takeover or main market listing here or stateside he may have insisted on Best and Wilson being sidelined to complete/secure a high market cap for this specialty product......:I feel something is well in the pipeline as the two directors stepping aside could indicate we may be only weeks away from some sort of deal......
Looking through recent activities on AIM, I notice that Bould Opportunities plc (BOU), AIM-listed, has recently become a cash shell after a name change and is looking to reverse into Coeur Gold Holdings Ltd, orchestrated by Antos Glogowski who has taken a majority stake in Bould. Among the other directors of Bould is Martin Lampshire (Non-Exec) who has previous links with the now-defunct Daniel Stewart Stockbrokers (in administration) ... therefore he must know Peter Shea and Adam Wilson very well as fellow stockbrokers.
Now that Daniel Stewart Securities seems to be out of the picture, with Adam Wilson standing down as CEO of ACG and Stephen Best (no longer a director) relinquishing his control (although both probably retain their valuable stakes in ACG), it now requires the new man, Seth Schwarz, to look how they will attract investment and realise the true value of the operation.
So who is the cash shell with a stock market listing that will complete a RTO with ACG, there must be a few candidates eyeing the pie (ACG has tremendous potential with very low risk) and trying to get the ear of Seth Schwarz?
In this ground rich of coal in Pennsylvania, ACG could explore for more anthracite, build more mines, and take full advantage of incoming boom for clean high-quality fuel and carbon that anthracite only can provide.
If they will be able to attract big funds, ACG can really grow beyond expectations and even small investors can benefit significantly.
He must have mentioned "need investment" about 20 times during the interview. Makes me wonder if they need investment!!!!
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.
A little chat with Adam Wilson last month
https://m.youtube.com/watch?v=vzxntB9efaU
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.
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.
As the company is supposedly doing so well, I suppose a dividend payment for us suffering long term investors is out of the question?
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.
WOW! SO HANDSOME AND WISE AND EXPERIENCED IN MINING!
I wonder to what level he can take the company.
Best and Wilson passed our diamond into golden hands for the final spark while they will want to enjoy life after years of hard and stressful endeavour.
LET'S HOPE that OUR CRUMBS from a big table will be significant for our pockets too.
I don’t feel an inside job.....that could have been done in the middle of our winter of de listing......thrown us double the de listing cash most would have snapped their hands off.....we are the remaining minority small holders riding the coat tails of the big shareholders who want a big payday........something is happening in the background for the controllers to move from the front of this train to taking tea in the guards wagon at the rear!
This is all becoming clearer now hopefully. Laurel and Hardy have left the party and have opened the door to Morecombe and Wise. As already mentioned, are we looking at a private takeover of the business from an American Investment house??
Better Schwartz than Bart (Simpson) I suppose!!!!
Let’s hope Schwartz can spice things up!
https://www.nationalcoalcouncil.org/NCC-Events/2019/Spring-2019/NCC_Speaker_Bios_Spring_2019.pdf
I summarise that the priority will be maximum value for their shares. So Best will go and any others along as this leads to a share sale in one form or another that nets them a fortune. Ok like us having all these shares but if you cant sell them no great fortune to be made.
Maybe they have both stepped aside in order to support the sale, movement of shares in whatever form, if they are the stumbling block then I am sure they go if it means cas in the bank. This is hopefully working towards a float or better sale price, everyone wants this, I doubt it's an internal takeover, they already own huge numbers of shares, I don't think they want more infact I think they want non through selling
This looks to me as though it will be a float on a US market now.
The more I read about Seth Schwarz the more I’m convinced he is transitional ceo for a sale of the company......I hope we get a fair deal
I always had a niggle that the re listing may flush out a bid.....the aquisitor would not want the company to hit the full main market listing as values could be exponential in this climate.....there’s a real battle going on in the background imho
I don’t know if a takeover by Best would be in our interests if it would get voted through by the board (like the delisting) at a cheap price for them. Would there be any safeguards on fair price with the shares being delisted. I would prefer a relisting when a high price is in both (ex) bod and all shareholders best interests.
It seems a lot is going on behind the scenes with both Wilson and Best gone really hope it turns out well guess we will find out soon enough.