News blog
ATH Resources
- BY: Andrew Hore |
- POSTED: 24/05/2012 |
Coal miner ATH Resources is delaying the planned Glenmuckloch Eastern extension because of falling coal prices.
The share price slumped 3p to 10.25p, which values ATH at £4.11m.
ATH will make a decision on the project by the end of the year. If it does not go ahead then volumes will be reduced by a total of 500,000 tonnes of coal over the next two financial years.
The lower coal prices have also hit trading and margins have fallen. The interim statement is due in late June.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf
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