Superb result!
They had $95Mil in Sep Q so I guess they made $39Mil profit? If so then $39Mil (and next Q should be better) x 4 = $156Mil/y and the company is worth $247Mil go figure!
Well done AGO and fingers crossed the next Q will show great numbers too .
Atlas is well-positioned to continue this performance in the March 2017 Quarter due to hedging contracts in place for many of this quarter’s shipments Atlas Interim Managing Director Daniel Harris said the Company had enjoyed a remarkable financial turnaround from its position prior to the restructure early last year. “Atlas is now on track to be in a net cash position by the middle of this year,” Mr Harris said.
AGO Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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