PLS vs KDR, page-170

Ken Brinsden CEO running Atlas Iron as it went bankrupt. Managing Director from 2012. Ken announced as CEO PLS 3/12/2015
28/08/2014 Atlas iron Annual report
https://www.asx.com.au/asxpdf/20140828/pdf/42rt5x0wft53vn.pdf
10/04/2015 AGO declares bankruptcy stops production
https://www.asx.com.au/asxpdf/20150410/pdf/42xtmtz2fghvhv.pdf

Atlas Managing Director Ken Brinsden said the decision to suspend production was taken after the company launched an extensive cost-cutting program, led by asset management firm Lazard, but was unable to find a way through the lower commodity price environment.
“To suspend our operations, with the impact that will have on so many committed and talented people, is an extremely difficult decision,” Brinsden said.
“I sincerely thank all those who have worked so hard to build Atlas’ production base and those who have worked furiously to maintain Atlas’ competitive position over the past 15 months, in the face of increasingly oppressive market conditions.”
Approximately 500 employees and contractors are currently employed across Atlas’ mines. There are a further 75 people in its Perth office.
All operations will be placed on care and maintenance in the hope the iron ore market conditions improve in the future.
https://www.asx.com.au/asxpdf/20141211/pdf/42vdhpscnrbb0s.pdf
This investor presentation above was the quarter before AGO went bankrupt and stopped production!
https://www.*.com.au/it-begins-australian-miner-atlas-iron-to-shut-down-production-2015-4
10/04/2015 “Atlas’s margins have been crushed by the plunging iron ore price which has fallen about 60% over the past 12 months to lows of around $46 a tonne – well below the company’s break even price of around $60 a tonne. Back in January it confirmed it had been selling iron ore at a loss.”

Atlas entered a mine gate sale agreement with Pilbara Minerals to receive direct shipping ore from Pilgangoora in December 2017

I have some questions to ask so I'll post that shortly.