AGO 0.00% 4.5¢ atlas iron limited

Domster - I don't know who's worse really. The people who've...

  1. 10,824 Posts.
    Domster - I don't know who's worse really. The people who've been saying AGO isn't worth its share price and are seen as negative, or the people who ramp AGO as the share price slithers down the karzi.

    The sad part about AGO is that while it still has cash in the bank it will keep trading, merrily watching its cash reserves decline as each tonne of medium grade rattles its way in road trains to be loaded at Port Hedland. Each tonne losing money. There's no easy out for shareholders until the asset:debt ratio falls below 2 - at which point the debt holders can shoot this nag.

    But there's no good news here. You've been promoting AGO for years - maybe you should call it a day and accept it for what it is, instead preaching others to get a life ?
 
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