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It is a really good sign that this has bounced back to near 90p after the falls of the last few days. If the FTSE continues to improve next week it should break 90p and hopefully then begin to test the £1 mark.
Interim Results ATH Resources plc, one of the UK's largest coal producers, reports its Interim Results for the six months ended 29 March 2009. Highlights · Turnover increased by over 27% to £35.7 million (2008: £28.1 million) on sales of 845,000 tonnes of coal (2008: 787,000 tonnes) · Average selling price increased by 19% to £42 per tonne · Strong improvement from the Surface Mining business with operating profit more than doubling to £3.5 million (2008: £1.2 million) · Profit before tax of £0.1 million (2008 : £0.4 million) · Earnings per share of 0.15 pence (2008 : 0.8 pence) · Proposed interim dividend deferred until payment of final dividend (2008: 3.36 pence per share) following recent inflow of water at the Muir Dean mine · Water management plan on track at Muir Dean to restore the mine to full production later in the summer · Proven Reserves increased by 9% to 4.9 million tonnes
I agree and I think that anyone who buys at less than £1 will do well out of this company and doesnt really have anything to worry about.
This is flying today
I cant believe these have gone below 80 again. If only I had the funds to top up...
This share is really cheap at the moment and I would be very surprised if it has not doubled within a year.
Bought into these this morning at 63p after watching them for a while. There have also been loads of buys compared to sells today. I think that they are a really cheap and undervalued share and this share has had a high of 225p in the past. Indeed there is no reason why it cant return to this level again. It is also a solid company that also has a history of paying a good dividened.
The way this share has fallen over the last few days doesnt look good at all. Is there any bad news which I missed, other than that article? However do need to bare in mind that this share has more than doubled in a couple of months and there was always likely to be a retrace. The rise from 3p to 4.50p+ was too fast in my opinion. It could even fall further in the short term and even if it settled between 2.50p and 3.00p it is well up on what it was.
I really, really cant see this going down to 60p and it just isnt realistic at all. However if it did I would put every penny I have into it. It is far too good a share and it is only a matter off time before it is back to £1+. I even think that it has already hit its low and I wish I had topped up when it was in the 70s.
Although I agree that these shares are all set to rise considerably I would like to know where you get your information about a takeover. Also news annnounced on a Saturday? I doubt it very much.
I couldnt agree more. This share is too good to be at less than £1 for long.
I have been watching and researching these for a while and think that it is a share with so much potential. I had been waiting for the price to fall a little bit more but I now dont think that it will (not substantially anyway!) and so decided to buy in today. I think the company and SP is just ready to take off and didnt want to lose out by waiting for the SP to drop a little. As always DYOR but I am happy that I am now in.
Thanks for that. I see lots of potential in this but am just trying to weigh it up a little more and was thinking of this and URU. I will take a look at RAB too. I think this is a good share but the trouble is there are so many good ones at the moment which I want to invest in and I dont have the finances to do them all!
It seems as if I was right to sell with a 10% fall so far today. As I said I think they will slip continue to slip until the next trading statement. Dont get me wrong these are a good company and a good share and I will buy again in a few months when the SP is right. I just dont see the point of staying in now when there are good opportunities elsewhere.
Apart from its share of KAH, and its cash, what else has this share got to offer? Has it got any mines etc of its own?
Why is this now in freefall?
I decided to sell these today after making a nice profit in a few weeks as I just cant see them going anywhere for a few months. If the history of this share is anything to go by I think that they will slowly fall again to less than 3p until the next trading statement.
I was looking at this share but I have to say that some of the ramping on here puts me off. Why did the SP fall so much and why has it shot up again?
I think that these will contine to rise, nice and steady, to the £1+ mark. i just wish I had got in a bit lower and had the finance to top up and buy even more when they were in the 60s.
A nice 18% rise today and I can see these rising again before the 21/05/2009. I wouldnt be surprised if these were 4p by then.