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Regal's savvy coal play next door to Gina Rinehart's target

Brad Thompson
Brad ThompsonReporter
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Phil King's Regal Funds Management has grabbed a 10 per cent stake in Atrum Coal, which has a flagship project next door to Gina Rinehart's $591 million takeover target Riversdale Resources in Alberta, Canada.

The star stock picker tipped $10 million into a $20 million capital raise completed on Friday to progress development of Atrum's 100 per cent-owned Elan coking coal project.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/mining/regals-savvy-coal-play-next-door-to-gina-rineharts-target-20190308-h1c5ph