And What are the HIGHLIGHTS of this LETTER TO SHAREHOLDERS?
Well, information is golden. Investors like to know what happening and what going to be happening. :)
The LETTER states that there are currently two mine complexes at various stages of production and development: McCoy Elkhorn and Deane Mining. On tap for Q4 or possibly Q1 2020 is the development of another complex, the Wyoming County Coal mine complex in West Virginia.
The Company has and intends to continue investing in its future. There are several kinds of good news shared with us as investors and potential investors.
General Statements about the Future:
"Throughout this process, we continue to scale our unique platform and remain fully committed to our business model in being the fastest growing, safest, and most efficient coal mining company in our industry."
"As our company continues to grow and evolve, our commitment to this strategy has built a strong foundation from which we can continue to grow and deliver strong shareholder returns."
Unless I'm mistaken, this next quotation is worth about a $3 Billion Dollars to the value and revenue of the Company (numbers and parentheses added).
"Over the past year, American Resources has been broadening and fortifying its foundation of assets from which it can continue growing and provide shareholders with one of most unique and efficient platforms within our industry."
(1) "Most notably, we acquired our fourth coal processing hub, and our first mining complex in the state of West Virginia called Wyoming County Coal.
(2) We also acquired in excess of approximately 27 million ton deposit of high-quality, metallurgical coal in eastern Kentucky.
(3) "Lastly, we up-listed our publicly traded equity to the Nasdaq Capital Market. With the completion of these three events, we feel our company is in the best position it has been to-date to deliver a strong and longstanding path of growth and positive returns to our shareholders."