The next major event for Atlantic Coal (LON:ATC) will be the arrival of two new 100 ton trucks, which should enable waste removal to be increased significantly.
This in turn is expected to help increase raw coal production.
“These trucks are expected on site by the end of January, and we do not expect the full impact of their presence to be felt until the June quarter,” said the Fox-Davies analyst.
The market for anthracite in Pennsylvania, meanwhile, remains firm with prices holding up well.
“Following the floods in Australia and wet weather problems in South Africa, there is the potential for coal prices to escalate dramatically,” Rose added.
“This upward price pressure is in addition to the low stocks of anthracite currently available in Pennsylvania.”...
http://www.proactiveinvestors.co.uk/companies/news/24404/atlantic-coal-quarterly-output-hits-new-high-24404.html
These 100 Ton Trucks should have arrived by now and are increasing production?
Here is the 3 month Chart on Atlantic Coal (LON:ATC)
..and any newly invested, not bothered what happens at present with the sp..Will bounce about a bit with the derampers trying to get in at silly prices. Well, you have had your chance to get on board, now let the sp find true value...
...you won't find a better research engine for ATC than proactive/investors in depth articles, everything here about Atlantic Coal (LON:ATC) :-
http://www.proactiveinvestors.co.uk/companies/sponsors_landing/150/atlantic-coal-plc-0150.html
