focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nobody is prepared to buy this sH#T for anything above the 0.09 going rate, sorry there is no point talking about trading in cuckoo land until a level playing field is back in action independent from ATC. They will however want your shares for UNDER 0.09 if you're tempted but don't. Wait until we relist, where is anyone's guess but pls don't get mugged in the meantime.
I also don't expect them to come back to AIM, i think AIM will fail in the not so distant future, with regards to them giving us an offer we cannot refuse, it'll be down to us having no other choice than to sell regardless of price, I dont trust them based on 6 years experience & lack of transparency but you can always hope given any situation i guess.
LOL
They could eventually list on a different exchange, maybe they know of a better more fluid market in the U.S.?
Indeed LedZep what the hell is going on with Potts? Is history about to repeat itself? None of the Blackrock money went towards that failed project. I think they've had too much of the Nick Leeson
Daz940 with regards to your post, "I maybe naive, but I dont think we will see much dilution, I feel promises where made to the major holders to agree in the direction we have been taken. Think they can do this with one big loan, doesn't affect the share holders directly then." You're getting the major shareholders mixed up with the private investors, they had a discussion privately with them not us hence the majority vote, there's a reason for that & the bit you're trying to rationalise is the big loan & why would they accept it if not for their benefit. Loans are just as damaging to investors as dilution, it all hits the bottom line, debt is debt & too much of it.. administration. What a company is worth is based on assets vs running costs, somewhere hidden between the smoke and mirrors is value. They may own a piece of land & excavators & diggers which alone are worth something but balance that with debt, it could turn out to be completely worthless.. we had a dire share price all based on this confusing factor because their books were extremely difficult to read. Thank you Hamm, full respect for admitting you got it now & where we are today, it took so many of us long termers for the penny to drop including myself, there is no shame in admitting the unfortunate truth here, be ready to trade once we relist.
If I may, you're both kind of on the same lines but unfortunately Daz940 naivety is extremely dangerous with these guys & if recent events have taught you anything is literally anything is possible so always expect the unexpected never make assumptions & second guess these guys for the better of shareholders, it never comes to fruition, Unvrkw is still trying to rationalise this situation & will end up in the Hamm / Fernbank predicament, eventually. Yes they probably will relist but get ready for the smoke & mirrors, Tommy911 you know all about that & got the t-shirt to prove it, I salute you sir for getting it before me. Now here's the trick. Major shareholders were told something we are unaware of... but we know they'll be balls deep in more debt with a BIGGER MINE... when they relist, they'll have that BIGGER mine plus the BIGGER debt, but initially it'll look like a BIGGER company, but in real terms it wont be. Once all the financials become apparent to the market & new share holders, it'll tumble again & again.. but there will be a potential trading opportunity, no profit will be made via their own mechanism they will want your shares in the meantime. Sell the moment "Antlantic Carbon" relists, it should for a short time list at a higher price, they will no doubt pre-determine that for a short while & some of us long termers may actually get some of our money back, but this is the only thing they can offer the big investors given the present situation, they still have the debt & they still have to pay for the new mine, no magic fairy or jackpot 777 in the meantime. Good luck guys be ready!
Stop deleting our posts.
Thanks Norgonnarollover, really appreciate it & I also hope the next five years will be somewhat more productive than the great hole in the ground at Stockton that could easily be filled level with all the private investors losses over the years, but instead the cash burn has 'gone wild fire' by way of 2XKomatsu loans & Mrs Best's personal high interest Wonga.com account, Willoughby loan, Pott & Bannon & now another mine far bigger than Stockton, all set to eat ATC up in one final loan too far. They've had their chance at becoming less risk adverse given the slightly increased Anthracite prices due to the Ukraine crisis plus reduced oil prices but now with China's economic slump just starting to unravel & cheap steel being dumped into the global market, ATC are ****ing against the wind with another global upset from the worlds second largest economy but without any leverage space left, they'll have broken that reckless button. I'm pretty sure that the selling point to major investors for the delisting vote was an opportunity to trade as this "bigger" company under a different guise as & when they relist & I'd urge all invested here especially those sitting on huge losses over the past decade to sit tight, don't be tempted to fill up the BOD's pockets with cheap shares under their own trading mechanism, sell ONLY when ATC relists but do it fast before the market gets wind of all that toxic debt, this share will consistently slide back down again as per usual once the cheap paint job washes off. After all the failed promises, to Blackrock, the promise of dividends by Steve Best, that famous phrase from Adam Wilson "a rise in share price never hurt anyone" even Barney's attempt to encourage new investors just weeks before this delist, this share has proven a sham for years. But set aside ATC's past antics, thanks to the camaraderie on this board, I have enjoyed checking on here daily reading & engaging with those likeminded invested here regardless of the shares poor performance, your posts have made the experience more than bearable, it has been a pleasure (not financially).
This guy is a windup merchant don't give him the time of day, if the RNS's & votes went another way he'd be singing a different tune isn't that right captain hindsight One of his previous posts.. "If the weather aunt cold you won't sell domestic high margin product. HSP gave a profit warning because of the mild winter. ATC mentioned it in the RNS. Doesn't node well IMO" Oh & he winds up others invested elsewhere too
I do think we will relist eventually after this new acquisition & name change has gone through but it's anyone's guess when but I strongly suggest us mere private investors wait it out rather than sell quickly within ATC's own trading mechanism, they'll want your shares on the cheap whilst we feel ripped off. I'd wait but be ready to sell the moment we relist, we could initially be at a considerably higher price for a short period of time due to the new mine being somewhat larger than Stockton, I also think the management have plans to play the market on the basis of having two mines in production regardless of existing & any new finance packages & it'll take a short while afterwards for new victims (sorry I mean investors) to realise the hidden debt & new situation, I believe this is what the management used to convinced the institutional investors to delist, they all want a trading opportunity & I think 77% knew the plan prior to the vote.
Well said LedZep, I've avoided topping up, investing in any other share for well over a year now as I lost faith in the market & management running these companies they just can't be trusted so I've completely changed my approach to money, instead I've been overpaying the mortgage thus reducing the interest by ££££'s & reducing the years left to pay, I switch current accounts regularly to get £100's in new customer discounts & monthly incentives, Move savings between new 1 year only high interest accounts & coupon the hell out of the big supermarkets,switch energy & broadband suppliers regularly, basically taking the realistic guaranteed approach towards money overall. Because of that, Im prepared to see all my investments out to the bitter end effectively writing them off but you're right, the only way these days is to trade as & where or if at all possible, it's just a huge casino where the larger investors see the news prior to the rest of us via RNS. 2nd of December RNS was the smoking gun.
Plus you failed to listen to our criticism at that time,your friend Roger's article turned out to be a load of old baloney. Both you and Roger had no experience of this management, but we've had years of it. Remember calling us evil because we were cynical? How about an apology haha!!
I wholeheartedly agree, if we receive pittance as an offer for our shares, the BOD are playing us.
Indeed the FTSE is no better, I remember investing in the banks just after the crash, RBS consolidated back to pre 2008 levels rather than on merit. I think the rules are so laid back, they'd only take action if a policeman was actually in the room at the time of the decision with them just to prove the blindingly obvious that the "investor" in the room (or by phone) orchestrated this meeting with the BOD for this NO vote. This "investor" alongside institutional investors had to have known specifics about the mine & about this plan (more chiefs than Indians at the meeting) hence the unanimous NO vote it is soooooooooooo obvious even Inspector Clouseau couldn't get it wrong & however many times we state the blind obvious, who in authority could be bothered to put 2 & 2 together? not 1.
I watch over 50 stocks most of which are on AIM so I can judge the overall performance on the market & that now includes 19 delisted stocks of which 3 have re-listed but 1 has delisted again. REM did rather well on 1 day & spiked from 0.06p to 1.5p a while ago now & retreated down to 0.9p, it's slowly fallen down to 0.74p & unfortunately there's no floor to AIM stocks any more they just continue to drift downwards with no buoyancy. Instead of levels recovering anywhere near 2008 levels, they've fell continually without any proper regulation, AIM is a complete mess & authorities are simply pretending there's nothing wrong with it.
Mike I've experience of many AIM shares, AIM is unfortunately rife diluting to death to sub .00p levels only to consolidate & do the same thing over again ripping off investors & you've said it yourself it does seem too common. Just because they can do something that doesn't make it right, good for you not rolling over & just accepting it, nothing ever gets done in life rationalising everything & I'd say you can tar most of them with the same brush in AIM good on you!
What a F**kn liberty!
One thing you can be sure of, the institutional investors will be kept up to speed as they were happy to vote NO so they're in on it & know more far more than us already with regards to future plans. These are more than likely the same guys that get all news prior to RNS's, i.e. get in / sell prior to publishing, we have to second guess hence cynicism, open mindedness and track record required to second guess future patterns for small investors, I don't think they're making fantastic money whilst they've got 2XKomatsu loans to pay down plus other loans & operating expenses plus BOD holidays to celebrate victory, they have an ivory castle mentality.
Indeed & thanks, anything can happen I guess but given ATC's track record it's difficult to give benefit of doubt, hope may help keep ones sanity now we are off the market.