AGO 0.00% 4.5¢ atlas iron limited

Ann: Landmark Deal On Costs - Mining Back On, page-84

  1. 9,773 Posts.
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    Im sorry but what planet are you on, Mars?

    debtholders will NOT be thrilled at a CR bringing cash at bank to $300M -$400M. They will be in panic n fear. The puny effort to roll oz holders has failed miserably by a board that took the tough but right decisions long term.

    This is cash muscle buddy!

    lets see what massive cash at bank to debt can do...
    - .fund teams of lawyers in friendly WA Supreme court for litigation for 10 years if any debtholders cries "default" n tries legal action
    - fund debt reduction as needed or as matures
    - boosts balance sheet net position
    - gives workers security of tenure n payment guarantee
    - boosts asset ledger value
    - boosts MC
    - takes death card off the table

    The debtholders strategy is in disarry and in panic, now WA govt on the bandwagon to support iconic AGO. Dont you get it yet....

    AGO cannot be beaten,
    all of WA is behind it, the taxpayers, the shareholders, the Wa govt, the contractors, the board, the suppliers and even the chinese customers. You cant beat them ...united we stand! Get back on planet earth.
 
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