Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

Great post Tony - Fact AGO has survived - turned 92% down to 46%...

First 20 Last

Share
Profile

Follow
nats

1,706 Posts.

35

22/02/17

09:39

Post #: 22800308
Share

Originally posted by TONYGG ↑

No one is debating the fact that giving 25% of the profit to contractors is not optimal, but lets face it, if it wasn't for this agreement than Atlas Iron would not exist.

As Frader noted, 75% of $60 od mil a quarter is better then 100% of $0 per quarter.

The contractors are being rewarded for their faith in the company's rebound. I would also expect this agreement to be re-negotiated by the MD as soon as practical.

Expand

Great post Tony - Fact AGO has survived - turned 92% down to 46% in the green after topping up along the way - happy to watch AGO grow and to gradually increase holdings further

AGO Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 53 more messages in this thread...

First 20 Last

Add AGO (ASX) to my watchlist