Here are five key takeaways from the report, which was filed with the Australian Securities and Investments Commission (akin to the U.S. Securities and Exchange Commission).
1. Ambre Energy has had trouble raising money. The report says the deal giving Resource Capital more control is the only way for Ambre to keep operating, “particularly in light of recent unsuccessful capital raising attempts.”
2. Ambre isn’t insulated from an industry-wide downturn cutting stock prices of coal companies. Ambre isn’t publicly traded, so it doesn’t have a stock price to follow daily. But the independent expert estimated that if it were public, its stock would’ve dropped between 37 percent and 69 percent since early 2012.
