Friday, February 15, 2013

Ambre Energy: Caveat Investor | Sightline Institute

Ambre Energy: Caveat Investor | Sightline Institute: "But the coal export debate has largely overlooked a  curious fact: Ambre Energy barely qualifies as a coal company. The company’s annual reports reveal that the Australian-based venture has never made a profit, and has virtually no successful track record in coal mining or coal exports, either in the US or abroad. Worse, an in-depth look at the company’s financial statements, as well as public records of other companies that have done business with Ambre, reveals a firm with deeply troubled finances, including:"

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