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4.5¢ atlas iron limited

Looks like 55 support for another crack at 65, page-7

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Quelque

545 Posts.

19/08/15

14:02

Post #: 15835023
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Originally posted by tomboy ↑

Q1 report setting up for a shock positive...

- contractor prepayments mean lower costs Q1
- giving contractors shares in exchange for expenses, costs means expenses become equity ie less expenses sharply lower
- contractor deals to profit share by cutting costs sharply mean lower expenses
- record production pQ from all 3 mines sites for a full Q instead of 2 months shutdowm, means higher sales, much higher than 1.9MT, maybe even 3.5MT pQ

Q1 setting up for cop aisc at $44ust not $50ust, even $50ust would be a shock tothe market, end of loss production, cashbuild would swivel heads.

Your maths is way out. Lets see the flatline hold, lets see the buy volume pick up once sellers have been saturated. Reverse takeover remains in play, a lot of buyers since relisting 600M shares traded. Thats 20% of all shares.

Q1 surprise upcoming imho.

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Agreed. The volumes traded recently post CR is nothing short of promising. I was expecting alot more volatility. FYI my average cost has been around 3cents for AGO, albeit a small parcel of shares. So 2.8 looks cheap and promising given the uptrend for IO. Fingers crossed.

AGO Price at posting: 2.7¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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