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4.5¢ atlas iron limited

Ann: September 2016 Quarterly Activities Report-AGO.AX, page-23

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Domster9

456 Posts.

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21/10/16

08:13

Post #: 20017037
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Originally posted by asx_dude ↑

Not quite a good as I hoped as cost increased very slightly BUT still 25 mil profit. You little rippa!

As IO moves to 60-70 range into next year, debt will be gone. Cash will be plenty.
That will be time for:
Future cost cutting measures.
Share consolidations and/or buybacks.
Future mine development as depleting mines go into C&M. (In opinion, debt will be paid off before these go into C&D)
Lithium exploration.
Rail J/V
Dividends (Personally I'd rather AGO use the money to explore Lithium and other valuable minerals)

AGO is a winner with low costs, building profits in a stabilised improving IO market, diversication potential and extensive tenements in the Pilbura.

Its interesting to see the top 20 shareholder list in the annual report. Im sure they will make a motsa on Atlas!

Good luck holders. ;-)

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There is no way that this stock is now out of the woods or will not fold by Xmas.

Just ask Big RedrockGeo! ))

AGO Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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