I love it when things work out!
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As I think about these numbers... They mean what?
Presently producing
4000-6000 tons per month... OR (@ $75 per ton) $300K to $450L per month
After upgrades:
37,000-42,000 tons per month... OR ($75...) $2,775,000 to $3,150,000 per month.
So quarterly from:
$1,200,000 to $1,350,000 per quarter to $8,325,000 to $9,450,000.
And this is one mine... from this mine alone... not counting the production coming from them...
Annually Revenue from this ONE mine... $33,300,000 to 37,800,000.
Crazy BIG numbers... And ironically... other mines have already been upgraded to increase production!!!
NEWS American Resources Corporation Announces Closing of Synergy Coal Acquisition
November 08, 2018
Highlight:
"The acquisition includes all coal mining permits (including the associated reclamation bonds), governmental approvals, a coal processing facility, a rail loadout, over one thousand acres of mineral and surface ownership, and all other assets owned by Synergy Coal. In a substantially all-stock transaction, American Resources will pay 1,727,273 common equity shares valued at approximately $22.1 million, based on yesterday's closing stock price of $12.79 per share to acquire the assets. The finalization of this deal provides American Resources with its fourth operating hub within the Central Appalachian coal region, and its first in the state of West Virginia. American Resources will operate the metallurgical coal complex as a newly-formed, wholly-owned subsidiary called Wyoming County Coal LLC."
Full Release:
https://www.irdirect.net/prviewer/release/id/3458607
NEWS American Resources Corporation Announces Expansion Plan of Carnegie High Vol Met Coal Mine
November 07, 2018
Highlight:
"In total, the company expects the production at its Carnegie mine to increase from approximately 4,000 to 6,000 tons per month to approximately 37,000 to 42,000 tons per month once fully implemented and producing. The company expects to complete this expansion plan and restart production at Carnegie in January 2019."
Full Release:
https://www.irdirect.net/prviewer/release/id/3453992
That's pretty cool. Hopefully that will help translate SPYR into the stock is the day.
It's been pretty hard to watch. It's my understanding that a fair number of shareholders from warrant exercise have still been having difficulty depositing their shares... and thus haven't even had the opportunity of selling their shares.
I was a buyer from $.50 down to $.33. After the discoveries, I posted about a while back, I've sold most of these recently purchased shares.
I still have some restricted shares, but for now am on the sidelines. I'll continue to watch and listen. :|
Thanks for the reply. I hold a modest position and it's been piquing my interest.
Not too many companies can boast of having a billionaire as a CEO... and fewer that can boast of having aCEO that had brought multiple companies from inception to maturity with share price growing to $20, $50 and nearly $100 per share.
Buy shares now while they're available at these levels. . I'm thinking it won't be long and we'll be setting 52 week highs like never before.
Hang on the ride... Fortem Resources investors haven't seen anything yet.
NEWS OUT... Investor Update about SPYR.
Initial data from Steven's Universe: Tap Together world-wide release is looking good.
Not many specifics but here's the link:
https://ir.spyr.com/news/detail/212
As the company has been pretty quiet, my hope is that this release is preliminary... and that more news will be forthcoming!!
Here's to hoping this is the case.
Good reasons for high expectations...
https://finance.yahoo.com/news/deja-vu-over-again-bruner-134000366.html
Deja Vu All Over Again: Bruner Set for Next Energy Success with Fortem Resources Inc.
Valuable oil and gas properties have been brought into Fortem Resources in order to be developed and brought into production.
I believe their value and profitability will exponentially increase the value is FTMR's share price.
Just been voting with my feet. ;)
Yeah I'm quite discouraged by so this information as well.
Look at what else I found... (recent posts)...
I think you are right.
ORHB INCREASED AUTHORIZED SHARES TO 1 BILLION!
PLUS
ORHB Management creates and issues Preferred D shares to CEO that effectively giving himself controlling interest of the Corporation.
See this filing:
https://backend.otcmarkets.com/otcapi/company/financial-report/198134/content
Oh wait...
I forgot something.
The CEO and one other board member made and signed a new employment contract... With CED Colt Melby...
that entitled him to a $500,000 signing bonus,
Plus $600K annual salary,
Plus 2,400,000 shares of the newly created Preferred D shares
PLus 1,840,000 restricted shares annually for the duration of the contract.
Plus additional shares will be issued annually as a bonus by the board between 1,000,000 and 3,000,000 shares.
READ about it here:
https://backend.otcmarkets.com/otcapi/company/financial-report/198133/content
Seems criminal to me.
I'm sorry to say... but so am I. In addition to the "corporate office" beach house. See previous post... or google map search
627 South Coast Highway
Laguna Beach California 92651)
IMO the Streetview and Satelite View provides the nicest views.
What Else???
Tune into my next post.
Been digging a little deeper to try understand what's happened/ing.
As much as anyone on their board, I've touted ORHB as a pretty remarkable opportunity.
At this point, I have some pretty serious reservations.
RE ocean front property being listed as the corporate headquarters?
It's worse than you think. It was/is our CEO's property.
They leased it not for a month... but for 6 fricking years at $12,000 per month.
See page 4 of this Disclosure document:
https://backend.otcmarkets.com/otcapi/company/financial-report/198132/content
Voice to text quotation:
"On July one 2018 the company entered into a new lease agreement for its corporate headquarters located at 627 South Coast Highway Laguna Beach California 92651 the term of the lease is for 72 months with a monthly rental of $12,000 per month beginning July 1 2018 and ending July 30 2024."
BIG NEWS. American Resources Corporation Acquires Metallurgical Coal Mining Complex in West Virginia
https://finance.yahoo.com/news/american-resources-corporation-acquires-metallurgical-110000926.html
Why are you here then? I assume you're annoying everyone rooting for and hoping SPYR eventually gets their stuff together.
Why not move along if there is nothing to see? Are you waiting for us to say you were right? Yeah for you!!
Unless of course, there is. Then what will it matter? Will you be around? Will you say any Gee I guess I was wrong? I doubt it.
We all more or less vote with our feet... You know like the Hondurans and the Salvadorans and so forth... we go (invest) where we think there will be the best prospect for advancement.
We all agree there's been a lot of hot air and almost endless expenses if not working towards something?
Am I tired of it? Yep. Have there been to many "next week's"? Yes. Way too many. Could this coming week finally be the week? I'm not going to hold my breath, but maybe.
We shall see.
I don't see it that way at all. It seems to me there has been a persistent seller.
People have one reason to buy (make money) and a thousand to sell (bills, margin calls, divorces, etc.).
So far as I know everything is going fine with the company. This decline in price is not due to toxic funding or some other fundamental problem.
I have no idea how many shares are being sold, but they are a finite number and before long they will be swallowed up and we will return to our previous trading pattern.
All the regulars on this board have to see the potential of what FTMR is becoming. While most of our properties are unproven (a day not too far in the future they will be).
What's your estimate for the book value of our properties? I've thrown some pretty big numbers around. Let's divide them by 120 million shares.
$1 Billion / 120M = $8.33 per share
$3 Billion /120M = $24.99 per share
$5 Billion / 120M = $41.66 per share
There will be some dilution as additional funding takes place and additional properties are acquired, but our management team have the most to gain or lose.
They're in the driver's seat and plan to grow FTMR into a monster. There will be a turning point to which we will not look back.
Doubling and tripling our money had been fun. What excites me is the possibility of multiplication. x5, x10, x20?? I think they're all possible.
If you know any company that has this kind of potential, invest in it. Seriously do it.
Not so sure?? Wait on the sidelines until you see $20 or maybe $40 Million... come into the company, then mortgage your house and buy shares with everyone else.
OR buy as many as our seller is willing to sell for $2 a piece.
Hey Fillin_It...
Still waiting for the 10-K. I was poking around the OTC Market Page and rereading the notification of late filing. The Address listed as the Executive Principle Office intrigued me so I looked it up.
"Address of Principal Executive Office:
627 South Coast Highway
Laguna Beach, CA 92651"
Check it out. Sort of looks like a beach house. Not saying it's necessarily a bad sign... but it was surprising.
https://goo.gl/maps/sNCByHjPutq
Indeed. Other that our emboldened and somewhat earnest seller, I believe everything is going quite well with the company.
Additional $2,000,000 in paid in capital just reported.
All filings up to date (even filed early as I recall)
In the last three weeks, we added 51,200 acres of "lucrative" "heavy oil" properties to the company's assets. That brings our ownership to over 62,000 (which by my math comes out to just under 100 square miles.
AREC is in the early stages of being a public company. As can be seen by their short history and rapidly growing revenues.
IN their Company Snapshot they speak about becoming GAP Profitable near term.
From the Ibox... here are the present revenue quarter over quarter.
Quarters Revenues Gross Profit Net Income (loss)
'17 Q3 4,351 1,554 (1,809)
'17 Q4 5,486 1,449 (5,356)
'18 Q1 7,325 1,851 (2,669)
'18 Q2 7,023 2,403 (1,860)
My guesses... for Q3 and Q4
'18 Q3? 10,250 3,382 (750)
'18 Q4? 12,500 4,125 (-0-)
2018 Fiscal 37,098 11,761 (5,279)
ONE OF MY RULES OF THUMB... Don't buy stocks trading near their 52 week high...
UNLESS you know or believe that there is much higher ground ahead.
What about AREC? It came public through a reverse merger in early 2018.
It's traded between 5 cents and $8.00. It's been trading over $5 per share since early September and seemingly holding its own above $7 for the last two weeks.
At present, the public float is 98,000 shares... 1.04 shares outstanding. There are more shares when fully diluted, but these belong to management which they received in exchange or debt they were owed... (fully diluted 17.1 million).
What are shares of AREC worth? There's the question that will be answered in the next few weeks and months.
(see next post)
Found this: Lawsuits against CEO Marc Bruner and Paltar Petroleum Limited DISMISSED dated 10/16/2018.
This is also GOOD NEWS for our CEO and Fortem Resources. One less distraction for them to worry about.
Here's a link to the decision rendered in this case:
https://docs.justia.com/cases/federal/district-courts/colorado/codce/1:2017cv02371/174669/118
Basically, it sounds like Bruner and a few others were alleged to have not fulfilled an agreement that had been made. It had to do with an agreement between Paltar Petroleum Limited and Nation Energy. If you're interested you can read about the case linked above.
The long and short is that the matter was decided in the Australian courts in favor of Bruner and Paltar Petroleum. Subsequently, Nation Energy et. al., brought the suit to a court in Colorado. This week the judge granted Paltar's motion to dismiss AND denied the plaintiffs request for reimbursement of their legal fees in bringing the suit.
ALL THAT ASIDE... notice who are the first two listed board members of PALTAR PETROLEUM LIMITED:
Marc Bruner and Michael Caetano.
It seems Bruner has been consolidating his oil and gas properties into Fortem Resources, I'm wondering if Paltar Petroleum Limited could end up being brought into Fortem Resources???
Found this website (lots of information) http://paltar.com.au/index.php
Paltar Petroleum Ltd sounds amazing huge and potentially off the charts valuable. The website reports that they have oil/gas permits on over 3 million acres with more applications in process.
Check out this quotation:
"Independent engineering firm Ryder Scott report 2010 states an estimated potential resource of approximately 500 billion barrels of oil, and 500 trillion cubic feet of gas in place."
Crazy BIG numbers.
I might be dreaming... but here's hoping! ;)
Good News Announced after the close yesterday. An additional funding of $2,000,000 just came into the company. I think there will be bigger financings at higher prices down the road, but for now this is where we're at.
A sizable restricted stock placement like this is good news!
At $2.00 per share, it shows that those in the know believe that such an investment will be worth much more down the road.
Once our oil and gas properties are proven, we'll all get a clearer idea of the actual book value of the properties reflected by our FTMR shares.
https://ih.advfn.com/p.php?pid=nmona&article=78503352&symbol=FTMR&_ga=2.2606064.1140504440.1539720135-398280035.1517542323
Thanks for the clarification. I'm hoping for the best as well.
Just did a bit of digging. By my calculations, we should have seen their 10-K ... their annual report at the end of September. Last year the 10-K was released on 10/14/2017.
It could be that the market is uncomfortable waiting for information that should have already been released.
So far being a development stage company the company has only revealed modest revenue. In Q2 and Q3 ORHB has had revenue of $25,000 and $37,000 respectively. As I look over the finances what stands out to me is the loss the company incurred in the 3rd quarter: ($9,423,000). They've not only spent a substantial amount of available cash on hand but they also took on $1.25 million in debt.
https://www.otcmarkets.com/stock/ORHB/financials
I guess the next financial statement will reveal if there are increasing revenues and how much they have managed to lower their overhead.
We should also be able to project some the financial health of the company by seeing their cash on hand and burn rate and such.
As my expectations remain high, I've added over 5000 shares in the last few days.
Might there be cheaper shares? Guess we shall see.
I believe the most exciting time in the history of Fortem Resources is in front of us, not behind us.
What's going to make the difference? In my estimation, it's NOT bringing in additional properties... but funding! Only then will our properties be proven and potential production demonstrated.
The last 10-Q said some drilling took place on one of our properties, but the level of production flow was still being determined.
Compeer Oil and Gas Operations
As of August 31, 2018, we have incurred $700,679 in exploration costs to drill, complete and equip the Test Well. We also recorded $28,153 in asset retirement obligations related to the future plugging and abandonment of the Test Well.
As at October 10, 2018, it is too early to provide stabilized production forecasts.
I'm not sure exactly what that means... but I like the sound of it. Once we are adequately funded, we're going to be hearing announcements like this all day long!! :)
It's a crazy deal. I've been a buyer at current levels.
Seems someone is pretty determined to clear their position regardless of the price.
Meanwhile, the company keeps putting out good news, industry leaders keep associating with the company, hospitals keep signing up to use their products...
Investing at current levels might seem counter-intuitive... but if the company succeeds, what an opportunity!
Looks to me like one seller. Wants to get out. I've been buying what I can.
I think it's just a matter of days and we'll be back in the $3's.
Hopefully, a matter of weeks and we will see $4's and $5's.
But who knows?
Last 10-Q was out early and a pretty good read. Some drilling has taken place. My guess is we'll be hearing more about such efforts.
Nice find. Thanks for sharing.
OUR STORY
American Resources Corporation’s roots date back to 2006 when the founding partners successfully restructured a coal mining complex of 7 mines and a wash plant located in Floyd County, Kentucky. Since then, management has utilized their operating philosophy focused on safety, efficiency, cost, and coal quality to acquire and restructure high-cost mining complexes in eastern Kentucky to become efficient and profitable operations. In 2015, the company’s wholly-owned subsidiary, Quest Energy Inc., was formed as management actively pursued acquiring strategic coal operations that were struggling during the coal industry’s downturn.
"With over 12 years of experience in successfully operating coal assets throughout all stages of market cycles, we have built a platform focused on our customers, investors and employees to deliver accretive growth safely and efficiently."
MARK J. LAVERGHETTA VICE PRESIDENT OF CORPORATE FINANCE & COMMUNICATIONS
OPERATIONAL TIMELINE
Through the acquisition of Deane Mining, ICG Knott County (later renamed Knott County Coal), and McCoy Elkhorn Coal, American Resources currently operates both metallurgical and high-grade thermal coal mines in eastern Kentucky. With a large number of low-holding cost permits that access metallurgical coal, PCI and high BTU low sulfur coal the Company is executing on its organic growth plan while continuing to identify accretive acquisition targets that meets American Resources’ low-cost, efficient coal mining model.
American Resources has been executing on a business model of efficiency and growth since its inception.
KEY INVESTMENT HIGHLIGHTS
>> Six permits in production with over
33 permits that can go into
production over the next few years.
>> A capital injection will expedite organic
growth and significant acquisition
opportunities.
>> Large asset base providing
diversification to market conditions
(metallurgical coal, PCI, high grade
thermal, and specialty products).
>> Debt levels well below industry
standard (less than $2 million of
equipment financing) to maximize
financial flexibility.
>> Near-term expansion of Revenue and
GAAP earnings.
>> Ability to increase operating margin
expansion due to fixed costs being
spread out over additional mines as
they come online.
OPERATIONAL TEAM
R. REX FROHNAPFEL
VICE PRESIDENT OF OPERATIONS
Rex oversees the daily logistics and coordination of American Resources' various surface and underground mining operations in Central Appalachian region. His duties include monitoring the performance and progress of mine expansion as well assisting with the planning of new mines. His duties include monitoring the performance and progress of mine expansion as well assisting with the planning of new mines. Rex has substantial experience and exposure in the mining industry, handling the transportation logistics and trucking for several years and working with several mining operations to assist in strategic development. A native of Ohio and a graduate of Ohio Northern University, Rex moved to eastern Kentucky early in his career to work in the coalfields.
JOE K. WRIGHT
CHIEF PURCHASING MANAGER
Joe is the Chief Purchasing Manager at American Resources, overseeing and managing the procurement of supplies, parts and materials for all of the company’s operations. Under this role, he is responsible for sourcing and due diligence of new vendor relationships and managing all existing vendors to ensure American Resources’ operations are efficiently supported. Joe reports directly to the Chief Financial Officer to track all purchase orders for financial reporting and compliance. Joe has over a decade of coal mining experience ranging from underground mining to managing the purchasing and inventory for various coal mines.
SID L. STANLEY
CHIEF ENGINEER
Sid Stanley is Chief Engineer of Quest Energy and it’s subsidiaries, in charge of overseeing all aspects of permitting, engineering, mine plans and design at Quest Energy and its subsidiaries. Prior to joining Quest Energy, Sid was Chief Mine Engineer at Premier Elkhorn Coal Company (a subsidiary of TECO Energy) for 22 years, managing a team of engineering and mining specialists to perform all aspects of the coal mining engineering. Sid has his Bachelors in Science in Mining Engineering from Virginia Tech and is a licensed professional engineer in both the Commonwealth of Kentucky and Virginia. After graduating from Virginia Tech, Sid worked for seven years at Pittston Coal Company, working on all aspects of coal mine engineering, including reserve evaluation, mine plans, ventilation surveys, and other engineering work. After his work at Pittston Coal, he was an engineer at Ambrose Branch Coal Company for several years, performing similar work. Sid then worked at Sovereign Coal as Contract Coal Manager, whereby he managed the contract miners at the company, including negotiation of contracts and performance monitoring and evaluation. Sid has his Professional Engineering license in Kentucky and Virginia, enjoys college football, and lives in Dickenson county, Virginia with his family.
JODY H. BALDWIN
SUPERINTENDENT OF UNDERGROUND MINING - DEANE MINING COMPLEX
Jody manages the underground mines a the Deane Mining complex for American Resources. With several decades of mining experience, Jody has held various production-oriented positions with coal mining companies throughout eastern Kentucky, including CAM Mining, TECO Energy, and Rhino Resources. A native of the region, Jody brings vast expertise in coal mining efficiencies, expanding coal production, sourcing talented team members, and bringing new mines into production.
EXECUTIVE TEAM
We are led by a team that has a goal of building the fastest growing mining operation domestically in a safe reliable manner. The executive team, management team and board of directors have over 100 years of combined mining and turnaround experience while also having significant experience navigating the capital markets.
MARK C. JENSEN
CHIEF EXECUTIVE OFFICER & CHAIRMAN OF BOARD
Mark has been instrumental in all aspects of acquiring, restructuring and building mining operations over the past decade. Having managed through 2009 and 2015 downturns, he has been able to work with his team to significantly expand the Company’s asset base through strategic acquisitions and organic growth in a very accretive manner. Mark is a graduate from Kelley School of Business at Indiana University with Bachelor degrees in Finance and International Studies.
TOM M. SAUVE
PRESIDENT & DIRECTOR
Tom has over 12 years leading and managing mining operations and over 15 years investing, restructuring and building businesses. Having managed the due diligence process and closing, staffing and ramp up of three acquisitions in twelve months, he has a history of successfully identifying mining operations that have the ability to meet the company’s model of cost-cutting and efficiency. Tom is a graduate from the University of Rochester (Economics degree) and additional business studies from the Simon School of Business.
KIRK P. TAYLOR, CPA
CHIEF FINANCIAL OFFICER
Kirk has over 16 years of accounting & auditing work at various national public accounting firms focused on tax-advantaged business structuring. While integrating three acquisitions in twelve months, Kirk has implemented a robust and scalable accounting and financial backbone, and has built a finance, accounting and purchasing staff that is streamlined with checks and balances to ensure cost controls. Kirk is a graduate of Kelley School of Business at Indiana University with Bachelor degrees in Accounting and Finance and his Master of Business Administration from the University of Saint Francis, Fort Wayne.
TARLIS R. THOMPSON
CHIEF OPERATING OFFICER
Tarlis overseas all operations at American Resources’ Central Appalachian subsidiaries, which includes McCoy Elkhorn, Deane Mining, and Knott County Coal. In this role he manages the activities at the company’s various coal processing facilities and loadout, coordinates coal production at the company’s various mines, manages environmental compliance and reclamation, and is responsible for coal quality control and shipments to customers. Tarlis has over 15 years of experience with companies that include Commercial Testing & Engineering, SGS Minerals, Massey Energy, and CAM Mining.
GREGORY Q. JENSEN, JD, PHD.
GENERAL COUNSEL
Greg has over 12 years of legal experience focused on complex case management and litigation in both the public and private sector. He’s an experienced negotiator and litigator of high profile and precedent setting cases while serving on both active and reserve duty as a United States Marine Corps Officer and “JAG” over the past 12 years. Currently promoted to the rank of Major. Greg is a graduated from the Kelley School of Business at Indiana Universita y with Bachelors degree in Finance. Additional degrees earned from Indiana University with legal focus include: PHD (minor in law), JD (law) and LLM (international and comparative law).
MARK J. LAVERGHETTA
VICE PRESIDENT OF CORPORATE FINANCE & COMMUNICATIONS
Mark has over 15 years of financial market experience holding various roles with several Wall Street firms. He has a history of successfully and efficiently translating corporate strategy, benchmarks, and financials to the investment community, while also working with members of the executive team to evaluate and define corporate strategy and financial direction. Mark has been successful in assisting in the integration of acquired assets into American Resources’ business model while analyzing the overall financial impact of such opportunities and operations. Mark is a graduated from the University of Virginia with a Bachelor’s degree in Economics.
ADAM B. JENSEN
VICE PRESIDENT OF HUMAN RESOURCES
Adam has significant experience in startup operations in the natural resource industry including bringing four coal mines into production and successfully expanding the business from its startup. Adam has served over fifteen years in the military, six years in the Marine Corp Reserves, five years in the Army with the 101st Airborne Division and four years in the National Guard. He was deployed to Iraq for two tours of duty including being selected as an elite member of the Military Transition Team responsible for training and conducting combat missions with the Iraqi Army and received a Bronze Star with a “V” for his service in Iraq. Adam received his Bachelor’s degree from the University of St Francis, with additional studies at Ball State University.
DAVID M. SAUVE
VICE PRESIDENT OF FINANCE
David manages all data aggregation, organization, and analysis for American Resources Corporation including vendor invoicing, permit management, tax calculations, and daily production statistics. Additionally, he uses his background in statistics and actuarial mathematics to track key operational parameters, variances, and correlations within the company’s operations in order to provide resources and data for enhanced efficiency gains across American Resources Corporation’s subsidiaries. A graduate of the University at Albany’s department of Mathematics and Statistics, David is now an Actuarial Student of the Society of Actuaries and has successfully completed SOA exams in probability, financial mathematics, models for financial economics, statistics for risk modeling, and short-term actuarial mathematics.
Ticker: AREC (OTCQB)
>> Company Website: http://www.AmericanResourcesCorp.com
>> Current Shares Outstanding: 1,042,000
>> Fully Diluted Shares Outstanding (1):17,101,350
>> Float: Approx.98,000 shares.
>> Price: $3.00 (as of 9/17/2018) $6.00 (as of 10/7/2018).
>> Revenue Ramp Up:
>> 2016 Revenues: $7.6Kmillion
>> 2017 Revenues: $20.8Kmillion
>> 2018 YTD Revenues (as of 08/30/2018): $19.8 million.
>> In Place Coal Reserves(2): 247 million tons.
>> Coal Qualities: Metallurgical (steel making), Industrial, and
Premium Thermal.
>> Primary Operating Subsidiaries: McCoy Elkhorn Coal, Deane
Mining, and Knott County Coal LLC.
(1) IncludesKSeries A Preferred Shares as converted to common shares.
(2) Company Estimate.
Found this summary of their business plan on the company's LinkedIn page. Notice in the last paragraph that as of teh time it was written, the company had 300 employees.
About us
American Resources Corporation is a diversified energy company focused on the extraction, processing, transportation and of selling specialty coal qualities serving the metallurgical, industrial, pulverized coal injection (PCI), and premium thermal coal markets. The company is primarily focused on the Central Appalachian coal basin of eastern Kentucky.
The company’s business model is to capitalize on the changing coal markets to redefine how to create efficient coal mining operations to thrive and prosper in an industry that has less scale and production. By adjusting its operations to fit the market, American Resources Corporation is able to be flexible and dynamic to adjust rapidly to expanding and contracting coal markets.
As a key component to its operating strategy, American Resources Corporation places a high importance on being a diversified, low-cost coal producer. As a result, the Company is able to successfully operate in markets of both low coal prices, where competitors have typically struggled, and in markets of expanding coal prices.
The Company is a growth-oriented business targeting both organic growth and acquisition opportunities of both stable operations and turn around projects with a high return on capital. The company currently has over 300 company & contractor employees.
https://www.linkedin.com/company/american-resources-corp/
American Resources Corporation
American Resources Corporation is a diversified energy company focused on the extraction, processing, transportation and of selling specialty coal qualities serving the metallurgical, industrial, pulverized coal injection (PCI), and premium thermal coal markets. The company is primarily focused on the Central Appalachian coal basin of eastern Kentucky.
The company’s business model is to capitalize on the changing coal markets to redefine how to create efficient coal mining operations to thrive and prosper in an industry that has less scale and production. By adjusting its operations to fit the market, American Resources Corporation is able to be flexible and dynamic to adjust rapidly to expanding and contracting coal markets.
I don't generally cheer for Baptists, but in this instance I will make an exception.
Go ORHB!
Link to Report!! Full title: "Celebrated “Unconventional” Oil and Gas Executive is Ready to Do It Again"
http://wallstreetnation.com/featured/celebrated-unconventional-oil-and-gas-executive-is-ready-to-do-it-again.html