AHQ 0.00% 1.3¢ allegiance coal limited

Ann: Allegiance Coal to expedite Telkwa Coal Project, page-81

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  1. 2,833 Posts.
    fast tracking of mine development. the majority of the research is already completed. they just need to get the right permissions to develop the mine. also the market cap is really low for the size of the mine.
    _low amount of shares on offer
    _very low share price and market cap
    _lots of new significant holders not many shares on market.
    _significant holders are investment banks and others who specifically buy in mines.
    _share price low because of capital raise sell off significant holders buying shares and keeping them off market.
    _continuing price rises in coking coal.
    _new very experienced directors
    _no debt
    _Cash in Bank
    _purchased coking coal mine before coking coal price rises, original owners wanted to renegotiate for 3 times the price that we purchased the mine for.
 
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