The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I'm not too bothered by this. The company obviously has substantial value and we remain shareholders. They say they are disappointed and I'm sure that they are as the directors themselves have large holdings which it would appear they'd like to see a bit of liquidity in. A game of patience I know and there is nothing we can do but hang on in.
Check their recent Tweet. The nominee has to accept for you. The indemnity is only for those who are holding their shares on certificate. Time to remind Barclays that you will hold them legally responsible if you miss out.
As I understand it ACG are doing a reverse takeover of Daniel Stewart which currently exists as a shell company. I assume that this is the same company that was previously delisted. ACG shareholders are receiving 1.5587 DS shares for each of their ACG shares, the company will then be renamed ACG. This ratio was negotiated so that DS shareholders will hold 10% of the new ACG and DS shares will then be shares in the new ACG. They then intend relisting on the London stock exchange and I've seen figures of £75 M market cap bandied about on the ATC chat. This would make each share in the new ACG worth between about 0.6 and 0.7p. If you still have DS shares (which become new ACG) then I also assume that these will then be worth that too if someone wants to buy them; that might well be a big IF.
Yes. Sorry our posts crossed. I think it may get to 90% by vote and thus 100% by compulsory purchase. But if not then there will be a higher SP as you imply.
Correct rough valuation. There will be just over 12Bn shares which would equate to a SP of around 0.6p. It will need some good press to progress from there as may well be a good many looking for the exit.
Still on I'm told by a non Atlantic source. Could be a reverse into a listed shell. It will be a quicker route to a listing but comes with some dilution. Talk of 1p (last buys were at 0.5p) but will probably consolidate 10 to one or more to have a more sensible looking price of something like 10p.
Seeing as they were valued at £100 million in Jan 2011 then no it wouldn't be too much. Since then they have acquired Hazleton Shaft so an even higher figure could be justified.
I know that they are actively working on the relist, the date can't be released obviously until everything is sorted. The last money raised was at 0.5p which is 5x the last closing price. I would expect that anyone currently buying shares is doing so with the expectation of a decent return so my guess is a relist at 1p plus.
It has been quiet here for a while now. Any news? How is the action group doing?
http://atrumcoal.com/wp/wp-content/uploads/2017/01/2017-Jan-3-JV-terms.pdf
http://www.atlanticcoal.com/News/News/2016/ACG%20-%20Possible%20Offer%20Extension%20Announcement.pdf
About Royal Energy Resources, Inc. Royal Energy Resources, Inc. is focused on the acquisition of coal, oil and gas, and renewable energy assets. Royal believes that current market conditions present a rare opportunity to purchase high-quality assets at a fraction of their book or enterprise values. Additional information regarding Royal is available on its web site -- www.royalenergy.us
Atrum are paying Best good money for his shares so I would say we have a good chance of getting some of our money back. By inference they value ACG at around $28 million which is £21.5 M or roughly 0.4p a share. Our shares still exist and can't just be stolen. Hang in there.
You don't have to search very hard to verify what Victoria has stated. https://beta.companieshouse.gov.uk/company/09899535 You can then look up how many companies McDonald has registered. You also need to use a dictionary and the definition of validity. You are seeking shadows where there are none thereby becoming the fool yourself.
Why? It is just resting. Monty Python dead parrot!!
Yes good idea TK12 and who will you replace them with? AW has done a great job getting Stockton up to speed. ATC needs to move on and expand, it can't do that on AIM without massive dilution. The RTO rules make any other fund raising very difficult if you are borrowing more than the market cap which is only a crazy 60% of this year's profits so time to move on from AIM too. SJT invested at 0.75p and has put more than £2 mill quid into this, I think he is entitled to call a GM don't you? I believe all the directors are major shareholders and are voting yes for delisting as they see it as being in the best interest of all shareholders. No one is taking small shareholders shares away, for the time being ATC will be off AIM pending relisting as a much bigger company back on AIM or elsewhere. Everyone should be a winner. Merry Christmas.
There are two RNS. It looks like the board support the delisting. Will need to read again and digest. Also looks like they need to produce more documentation for the proposed acquisition before the suspension can be lifted.
Shenners they don't have to buy your shares. The talk here is of delisting not of going private.
It is not that difficult. All you have to do is Google up "Spring Capital Stuart Thomas" and it is the first answer you get!
Can buy loads of these online but sell none! Anyone know much about them?