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0.5¢ atrum coal limited

Ann: Atrum announces Change in Share Ownership, page-24

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62 Posts.

15/12/16

01:48

Post #: 21348014
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Originally posted by edcraig ↑

They are going to need a hell of lot more than 10 million. They wont even get a bulk sample out of the ground with that. Lot more transparency from the company on the actual mechanics of getting the bulk sample out and how much that would cost, and the status of any ongoing 3rd party negotiations regarding access to the site, otherwise your just pissing away more money. Although their track record on being able to actually sell a couple of tons sucks. Even if they had an actual plan fully fleshed out with a financing there chances of actual execution are zero based on passed performance. Oh yeah, a couple of board members and CFOO just quit/got fired. To their credit though, they do have an excellent knack at capital raises though.

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ATU Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
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