Iron ore price, page-1131

Ok, let's check on my previous notes:

1. AGO will report on 60-80 mil profit this quarter. SP will go to 4-5c
(Close: Partial Tick )
2. By March 2017 they will have 0 debt with increasing cash. SP will be 7c - 10c (which is 1$ per share equivalent before all this negative dilution and near death happened in 2015 - early 2016) (If IO continues its march upwards, it's still possible. I stand by my positive forecast as a tick in the making)
3. By June 2017 they would have progressed the Corrana expansion (with its profits) while exploring diversification potential.
(As per quarterly, Atlas making a decision in March for Coranna. This is a certainty in my eyes and a tick in the making)
4. This is when I believe a good time is to consolidate. 10:1. This will bring the SP back to its 1$ plus value from here on in. Ample time for LT investors to reposition for a new Atlas. (Let's see but with the increasing cash being generated I would like to see share buybacks post June 2017 initially, then an inevitable consolidation maybe at the end of 2017 or early 2018 after Atlas storms back into the ASX200 ;-))
5. The rest will be history into a new beginning of a LT commodity bull market with solid growth as the world modenises and continues to urbanise as populations increase for bigger and better. (China strong, India on the verge of 10% plus growth reminiscent of early China, SEA strong, Trump to back his vision for a greater America. Global infrastructure push. Technicals and Fundamentals are strong and will continue to improve as global sediment turns opportunistic and positive rather than doomish and conservative. This IS a new bull market and is only the beginning of something that will last many years. Bulls are embracing it, bears will come along for the ride which will be a tough ride indeed for those who expect LT bear markets to last forever which cyclically ended in April last year. Bull market train left the station, it's gathering momentum and accelerating)

Fantastic quarterly report, the next one will even be better for holders . Rise Atlas Rise!