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The latest announcement is out from Australian Pacific Coal ( (AU:AQC) ).
Australian Pacific Coal Limited has received a notification from its secured creditor, Vitol Asia Pte Ltd, regarding the parent company guarantee for the Dartbrook Mine. While the creditor has not agreed to a standstill agreement, it currently does not intend to call on the guarantee. The company maintains that it is solvent based on its current cash resources and operational expenses, and will provide further updates as they become available.
More about Australian Pacific Coal
Australian Pacific Coal Limited operates in the mining industry, focusing on coal production and exploration. The company is primarily engaged in the development and operation of coal mines, with a market focus on supplying coal to various sectors.
Average Trading Volume: 2,044,606
Technical Sentiment Signal: Sell
Current Market Cap: A$11.91M
Find detailed analytics on AQC stock on TipRanks’ Stock Analysis page.