PYX Resources: Achieving volume and diversification milestones. Watch the video here.
There has been a section 551 authority for the last few yrs round about the same value £1.2mil,I would imagine costs would be higher this yr due to the rail link and attempted listing costs?
Thanks tt,yes that’s fair......something has got white oak out it’s armchair.....I’m hoping it’s the lure of a lucrative cut of the pie once we are carved up or floated
TT can you point me in the direction to where the changes promised good results?.......
We have anticipated very good numbers on this bb due to increased productivity, higher coal prices,lower financing terms and actually trying to put the company to market to bounce all this good news back at long term shareholders.....
I would be surprised if there was a problem supporting the loan under the revised terms,cash flow should be far superior to the terms on the initial loan from 2016......I think they may be valuing the whole business with prospects of a sale or US listing and white oak may take a stake of the newly listed company?......Seth is only on a short tenure here imho.....results in July will back up a new valuation and listing prospectus
Has white oak booted out best and Wilson brought in Schwarz to finish the job after the botched DS relisting?
I would say white oak will have a big say in what happens next.......
White are ATC main financiers
https://beta.companieshouse.gov.uk/company/05315929/charges
No accounts presented at Agm,white oak capital conducting a review?
http://www.atlanticcoal.com/News/News/2019/AGM%202019%20Notice.pdf
It is indeed,and interestingly blaschak ceo mentions rare Earth opportunity too.....
Come on Seth time to unroll plan b
https://www.google.co.uk/amp/s/wnep.com/2019/05/08/20-year-coal-mining-operation-underway/amp/
Bit of info regarding Blaschak Coal,neighbouring coal producer to Atlantic
https://www.blaschakcoal.com/blaschak-coal-corp-sets-sales-record-in-2018
https://news.psu.edu/story/576030/2019/05/29/research/penn-state-launches-center-critical-minerals
Looking at the polished up board on the ACG website it is now at first glance a US dominated board room,headed by respected veteran energy consultant Seth Schwartz......as opposed to the now departed Anglo American board that was heading for a UK listing,this may indicate we either have a target stateside that would be more receptive to a US boardroom or we are going it alone and have to charm the regulators on entry/application for a stateside listing......gonna be a busy summer I feel
Thanks,that is very plausible and I can’t hear the fat lady yet......
Hi Kentan,I’m finding it difficult to see how any shareholders could reduce/increase their holdings since de listing?......matched bargain maybe if you needed to switch some stock but openly sell is nigh on impossible and pointless as the agreed price would be based on old fact/figures so not viable certainly not a profitable
Transferring stock yea maybe but no value could be attributed to the transaction only an amount of stock
Happy for any explanation
Ray Petrilla dropped off the management list?
Ray Petrilla – Head of Corporate Finance (US)
With over 27 years’ experience in the Pennsylvanian anthracite industry, Ray has worked in various financial and management roles for the Stockton Coal Group since 2002. He is active in all aspects of corporate finance, in particular, major transactions, sourcing and negotiating finance for new projects and major equipment purchases and major sales contracts.
http://www.atlanticcarbon.com/Aboutus/Board_Management.html
The dynamic duo SB and AW consigned to history,this is looking more like a final polish up before a listing imo
So come on ACG get those numbers out,get listed and then the big decision/worry I will have is what portion of my investment to leave in the capable hands of the company!.......
Thanks kentan,I’m sure they could do a small scale run to see if it’s viable or share the spoils with a specialist company.....lots of possibilities but of course “we need investment “.......as a certain ex ceo mentioned......a few times!