AGO 0.00% 4.5¢ atlas iron limited

thoughts on drp, page-2

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    I will get the shares, discounted. Recent Bull magazine has AGO as a "buy". See below>

    Atlas Iron (AGO)



    Chart: Share price over the year to versus ASX200 (XJO)

    AGO recently announced it had increased iron ore production by 7 per cent to a record 1.6 million tonnes in the September quarter. The cash balance fell 14 per cent during the quarter to $325 million, but AGO remains well funded and debt free. Cash and operating cash flow should mostly fund production growth from 6 million to 12 million tonnes a year. A US$350 million loan secured a fortnight ago provides expansion funding certainty should operating cash flow fall short.

 
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Currently unlisted public company.

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