re: Ann: Exercise of Option to Acquire Mounta... Acquisition Highlights
30 years experience in Appalachian Coal production and sales
Highly respected in Coal mining and reclamation
Produces and sells currently to local Utility and industry
Producing 50,000 tons/m from 3 permitted Strip and Auger mines with 4 additional mines planned
Has over 22,000,000 tons of recoverable Coal, including 4.5 million Tons of Blue Gem Seem Metallurgical Coal under permit or lease
Employees over 100 people locally
Has an estimated $24 million USD in Operating mining equipment, Wash Plant and support infrastructure.
No debt and cash flow positive for last 3 fiscal years.
Current management stays in place
admittedly this information is not from white energy but from a company who failed to acquire mountainside coal in 2011/2012.
http://www.theloncapital.com/index.php?option=com_content&view=article&id=128&Itemid=275
re: Ann: Exercise of Option to Acquire Mounta... Acquisition...
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