AJC...a little coal minor with money in the bank, running on fumes because they gutted it to a clean shell and hold a couple of million in the bank.
The Board was routed last year by Argonaut (major holder) and the in placed CEO is an Argonaut acquisition specialist.
They have been looking for a possible RTO (to provide shareholder value) to get out of coal for 9 months. They came close a few months ago and it fell through.
It went into TH on Thursday with a "material announcement and CR expected"
I have been watching this since January and Yes I hold plenty.....but if the Ann is good on Monday morning.....this may be a trade.
