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Is Atlantic Coal poised for a speculative recovery?

By Robert Tyerman | Saturday 29 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


US-focused open-cast anthracite coal producer Atlantic Coal (ATC) is ‘actively looking for further high-quality and economically viable anthracite properties’ after turning a $272,000 (£175,000) loss into $3.7 million (£2.4 million) pre-tax profits in the six months to June. That is the word from chairman Adam Wilson, former head of entrepreneurial City stockbroker Hichens Harrison, following a near-40% increase in volume sales from the AIM-quoted company’s Stockton mine in Pennsylvania to 106,000 tons (not metric) in the first half year.


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