AGO 0.00% 4.5¢ atlas iron limited

Ann: Landmark Deal On Costs - Mining Back On, page-22

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  1. 351 Posts.
    Integra, read the announcement, the issue price will be set no higher than 10c and no lower than 5c, so your current holding will be massively diluted by people buying in at those lower prices. Anyone buying there for the first time (instos) might be able to catch the upside all things going well, but shareholders have to tip in and risk more cash to try and break even. Each to their own, but I won't be a party to it, there's better opportunities out there, companies that are making good profits and not having to share a quarter of it with their contractors. I think it's kept the company afloat, but AGO is going no where great, but good luck with your decision
 
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Currently unlisted public company.

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