Replies to post #478 on American Resources Corp (AREC)

[RandyKCMO]

I'm not sure how SPACs work or their dividends structure works. Sorry.

The push downward has been pretty relentless. On some of the run days... the float traded multiple times... and even the outstanding shares traded hands at three and four times our current levels.

The current (downward) trend seems to be feeding itself with new sellers all the way down.

Not sure if you've looked at a comparable company Ramaco Resources (Ticker: METC ). They're a producing met coal company and with more outstanding shares and are trading between $7 and $8 per share... actually just checked $8.08.

I'm pretty sure AREC is more streamlined and thus should be able to produce met coal at lower prices and thus higher margins.

As you're apt to say..

so we watch.