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Seems like you need a subscription to get
current met coal prices...
Here is an article link
with some April figures...
https://www.argusmedia.com/en/news/2209489-atlantic-coking-coal-prices-rise-again
Trying to learn this stuff
quickly and on the fly...
Australia and China are surely
not on best buds status again
along with some more Australia
covid restrictions for now...
AREC needs to prove out as a
coal producer first to me...
Then it becomes more believable
if they start harvesting remnant
coal filings and dust for practically
nothing to make graphene from...
The ESG genius status for a coal
producer might get anointed then...
so we watch...LJ
Agreed. Build up to the next quarterly release should be interesting.
AREC should focus on bird in hand
and not pie in sky now...
https://www.spglobal.com/platts/en/market-insights/latest-news/coal/062421-seaborne-cfr-china-met-coal-prices-hit-10-year-high
Hopefully they are doing that
and smarter than flip sellers...
so we watch...LJ
AREC has a focused coal division...
metallurgical mining and sale...
03/29/2021,,,mining restart date...
https://www.otcmarkets.com/filing/html?id=14947419&guid=ZRXkkKVCOZpmgyh
American Carbon currently has seven coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC (doing business as McCoy Elkhorn Coal Company) (McCoy Elkhorn), Knott County Coal LLC (Knott County Coal), Deane Mining, LLC (Deane Mining) and Wyoming County Coal LLC (Wyoming County), Quest Processing LLC (Quest Processing), Perry County Resources (Perry County) located in eastern Kentucky and western West Virginia within the Central Appalachian coal basin, and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin. The coal deposits under control by the Company are generally comprise of metallurgical coal (used for steel making), pulverized coal injections (used in the steel making process) and high-BTU, low sulfur, low moisture bituminous coal used for a variety of uses within several industries, including industrial customers and specialty products. Since mid-2019, we have not mined or sold coal which is sold into the thermal coal markets. All production and future investment will be for the mining of metallurgical coal used in the steel and specialty markets.
20
so we watch...LJ
There’s basically two kinds of Coors thermal cold she’s used to run electrical generation and stuff like that usually a fourth of the price of metallurgical pole which is used to smelt iron and purifying and so forth. I would guess that if there is a rally in metallurgical call it could go to three and four and $500 per metric ton.
AREC should have the coal price on
their website of the product
type they sell...
They are a coal company and
a wantabe on other pursuits
until proven otherwise...
Why hide behind a coal rally
cloud now?...
so we watch...LJ
It is coal and not virtual coal is
all I know...
And that coal price shown
last peaked below $78/ton
in late 2018 into 2019...
so we watch...LJ
Great info. Was that metallurgical coal?
AREC 2.56 , COAL $121. +5.60...
https://markets.businessinsider.com/commodities/coal-price
so we watch...LJ
I was thinking the first quarter was going to be higher than it was was…
The company provided guidance as follows for the current year:
“We are seeing numerous opportunities to expand our production base to fulfill that demand and are confident in our position in being a stable, long-term supplier of these essential resources. As such, we remain comfortable with our previously stated guidance of $55 million to $75 million in revenues for 2021 as a whole," continued Mr. Jensen.”
Since the first quarter was basically nil, that means the remaining quarters need to average $18-$25 million per quarter.
The same quarterly report indicated the company signed a base load agreement on the railroad transportation and was initiating production of metallurgical carbon.
SO… my WAG is $16 Million in revenue for the second quarter.
AREC 2.77, any wags on 2nd quarter revenue?
Cash position should have soared...
https://www.otcmarkets.com/stock/AREC/profile
need growing revenue and
profit to maintain healthy
cash position though...
so we watch...LJ
I’m more of a story guy than a charter. Each of the waves correspond to new business developments. AREC’s meat and potatoes is metallurgical coal. In fact the company has projected $100 million in revenue for 2021.
The kicker for AREC is the recycling and rare earth minerals. I’m more sure how much revenue they will generate, but the market responded quite favorably to the news.
ELLIOTT WAVE counts...Wave 3 was the immediate top wave 4 consolidation now
So I havent taken a position on AREC yet, and I am looking at the chart and wondering what made it spike up and why the drop? Seems like steel prices are going up as well.
Are you in KC?
Agreed. My guess is that the catalyst will be the report for the first quarter results.
AREC has become multi-dimensional but their meat and potatoes is still pretty much metalurgical coal. I don't have the exact date, but they reported reactivating production at least one of their mines early in the first quarter.
Loaded nicely the last few weeks.
Upside is usually quite sudden.
GL
Closed strong yesterday. It will be interesting to see if strength contributes this AM.
This is proving to be a great trading vehicle. Short cycle and a stock I would own for longer. Perfect recipe.
* * $AREC Video Chart 03-17-2021 * *
Link to Video - click here to watch the technical chart video
Tasty!! Getting some great deals all over the place today!
Nice manipulation down in pre-market trading...AREC is now ready to start its next up-trend to follow the overall mining/PM sector!
Wow. Best link. Thanks.
Infrastructure + Rare Earth Processing
2+2 = ?
Talks of a super cycle for domestic steel industry. Our Wyoming County complex in WV has 2 low cost never been mined met carbon mines able to produce the highest quality of mid vol carbon in US (pure steel making product) with over 40 yrs of life. $AREC https://t.co/zGZlYEPV1C
— American Resources Corporation (NASDAQ:AREC) (@Amerresources) February 21, 2021
SPAC update video!...see below
$AREC executives Kirk Taylor and Mark Jensen discuss SPAC strategy. As public company $AREC offers all shareholders to benefit from sponsor economics. Company looking into legal opportunity to dividend out SPAC shares to $AREC shareholder post merger. https://t.co/4FzWQpIKya
— American Resources Corporation (NASDAQ:AREC) (@Amerresources) February 18, 2021
AREC CEO is very active on twitter as FYI...link below
https://twitter.com/markcjensen
Lots of new BUY 13F positions filed since FEB start...hmmm
2+2=?
Source: https://fintel.io/so/us/arec
Loading back up
Anyone smell something burning?
I guess shorty and sellers need some love too! Needs to cool off and consolidate anyways. Still holding long here.
AREC NEWS - 2.9.2021
American Resources Corporation Engages Engineering and Manufacturing Expert To Design, Build and Provide Operational Support of Rare Earth Element Purification Facility
https://finance.yahoo.com/news/american-resources-corporation-engages-engineering-130000203.html
Going to $10s soon...
Congrats to all of those holding long; our day has not yet arrived to sell!
I love talking to myself! :)
AREC Tip of the Day: The CEO is very active on Twitter!
https://twitter.com/markcjensen
https://twitter.com/arareearthcorp
https://twitter.com/Amerresources
called this winner
* * $AREC Video Chart 02-05-2021 * *
Link to Video - click here to watch the technical chart video
it's about to get bouncie around here...cover shorts
New YouTube video on Perdue and today’s news.
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