Companies · Coal Mining
TORONTO · Coal Mining
Diligence memoA one-page analyst read on Forbes & Manhattan Coal Corp. — recommendation, valuation, rhythm, risks.→Forbes & Manhattan Coal Corp. looks fair against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Forbes & Manhattan Coal Corp. is one of 76 Coal Mining companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 75% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.
Round size and date are reported; the stage label is inferred from round size (latest is Series A — a $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.
Benchmarked against 76 companies in Coal Mining. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 75% of sector peers (real $). Modeled value above 70% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #4 of 7.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| U.S. China Mining Group, Inc. | Series A | $15.0M | $56.5M | 1.27× |
| America West Resources, Inc. | Series A | $19.4M | $54.9M | 1.23× |
| Kangaroo Resources Ltd | Series A | $14.0M | $52.8M | 1.18× |
| Forbes & Manhattan Coal Corp. this company | Series A | $22.6M | $44.6M | 1.00× |
| Coalspur Mines Ltd | Series A | $11.8M | $44.4M | 1.00× |
| Unity Power Plc | Series A | $8.0M | $30.2M | 0.68× |
| CanAm Coal Corp. | Series A | $9.0M | $22.6M | 0.51× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series A | $10.7M | 2010-07-20 | $48.8M | $40.5M | 90% |
| Series A | $11.8M | 2011-02-22 | $53.8M | $44.6M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| David Stein | — | 14 other | 2010-07 |
| Stan Bharti | — | 13 other | 2010-07 |
| Deborah Battiston | — | 5 other | 2010-07 |
| David Gower | — | 4 other | 2011-02 |
| Jennifer Wagner | — | 4 other | 2011-02 |
| RYAN BENNETT | — | 3 other | 2011-02 |
| Stephan Theron | — | 3 other | 2010-07 |
| Anthony Wonnacott | — | 1 other | 2010-07 |
| Grant Davey | — | — | 2010-07 |
| Johan Louw | — | — | 2011-02 |
Forbes & Manhattan Coal Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Brazil Potash Corp. | Other | Series B | $29.0M | $125.4M | network4 shared operators |
| Castillian Resources Corp | Coal Mining | Seed | $1.0M | $4.7M | network3 shared operators · same sector |
| America West Resources, Inc. | Coal Mining | Series A | $19.4M | $54.9M | same sector · same stage |
| Rodinia Lithium Inc. | Other | Pre-Seed | $235K | $5.4M | network3 shared operators |
| Quinwood Coal Company, LLC | Coal Mining | Series A | $15.8M | $24.2M | same sector · same stage |
| Jrl Energy, Inc. | Coal Mining | Series A | $15.2M | $6.2M | same sector · same stage |
| U.S. China Mining Group, Inc. | Coal Mining | Series A | $15.0M | $56.5M | same sector · same stage |
| Kangaroo Resources Ltd | Coal Mining | Series A | $14.0M | $52.8M | same sector · same stage |
See where Forbes & Manhattan Coal Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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