SHARES in troubled coal miner ATH Resources tumbled almost 50% after it warned it was unlikely to be able to maintain shareholder value and its debt had been bought by a venture capital fund.
SHARES in troubled coal miner ATH Resources tumbled almost 50% after it warned it was unlikely to be able to maintain shareholder value and its debt had been bought by a venture capital fund.
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Greig Cameron Deputy Business Editor
Guernsey-based investment manager Better Capital PCC, which specialises in turning around distressed businesses, acquired ATH's debt from existing lenders HSBC and Clydesdale Bank.
As a result ATH, headed by chief executive Alistair Black, warned there will have to be "a comprehensive review and restructuring" of the business.
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