Australia's largest stock trading and investment forum Australia's #1 stock forum

ATU

Click for more information

0.00%

0.5¢ atrum coal limited

They just need to make sure the acquisition is locked...

First 2 Last

Share
Profile

Follow
jfe

119 Posts.

3

28/09/16

09:43

Post #: 19467305
Share

Originally posted by Tarzan183 ↑

http://www.reuters.com/article/us-teck-res-coal-idUSKCN11X2A6

http://triblive.com/business/headlines/11051807-74/char-coal-datename

Will be very interesting to see where the contract price is set for the next quarter. It would usually be done by now, with October only a week away so one has to imagine that the sellers are winning the battle at this stage. Wherever it ends up setting, it's guaranteed to be a huge increase on the delivery price for the past 4 or 5 quarters.

The recent rally (in both price and sentiment) could not be happening at a better time for Atrum given they are in the latter stages of capital raise negotiations and have already agreed on the purchase price for a controlling interest in ACG. That acquisition is looking better and better with each passing day.

Expand

They just need to make sure the acquisition is locked in...sooner rather than later! I don't think it will fall through, but if it did, it would be a disaster.

ATU Price at posting: 82.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

MGU

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

There are more pages in this discussion • 5 more messages in this thread...

First 2 Last

Add ATU (ASX) to my watchlist