AGO 0.00% 4.5¢ atlas iron limited

Im with you Mut, We have to get CD up and running asap as we...

  1. 357 Posts.
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    Im with you Mut, We have to get CD up and running asap as we will still have the same size overheads with reduced production so our costs would likely go up.(aside from Wodgina reduced cost)
    At only 50Mil odd to get the mine up and running that is cheap as sheet and if you do the figures on it, it will pay itself off within the next couple of years with only an average IO price.
    Diversification is an extremely good business move and it is great that he has the foresight to see that this is necessary in a volatile commodity world.
    Bondholders down to 20% you bloody beauty, i thought we would have seen a lot more change in substantial holdings notifications but i am not complaining just not sure how this was achieved without market knowledge??
    This is by far and away the best information to come out of AGO since i have been a holder( a mere couple of months) and this will appease a lot of concerns about their plan forward.
    The market has to react positively to this one i would think
 
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