Coal producer ATH Resources does not believe that it can raise the cash it requires and will either undergo a significant restructuring or sell the business.
Shares in ATH more than halved from 2.88p to 1.38p, valuing the company at £550,000.
Deloitte is handling the potential sale or restructuring. Whatever happens it is unlikely that the current shareholders in ATH will be left with an investment of any significant value because of the large liabilities.
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