We always thought that AIM listed Atlantic Coal (AC) was a 100% dog but the world’s number one mining analyst Roger Bade of Whitman Howard thinks otherwise and has initiated his coverage with a buy note. Whatever. In the interests of balance, the great man writes:
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.
Investors who bought into Atlantic Coal (ATC) when it floated on AIM in 2006 at 2p and have held on since have had a thin time of it. But the Times they are a changing.









