AGO 0.00% 4.5¢ atlas iron limited

Atlas set to restructure and survive, page-29

  1. 5,336 Posts.
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    your greatest post yet tomboy

    I will have nothing but congratulations for you if RIO or FMG make a takeover bid for AGO, that would be the weirdest thing to ever happen in australian industry

    FMG - many synergies, WA based, friends with AF, rail nearby, cost effective, high debt v MC issues

    Many Synergies - please name one
    WA based - irrelevant
    Friends with AF - what? is that why he has bought up 5%... oh that's right, he hasn't done anything for AGO according to publicly available information
    Rail nearby - Why aren't they using it? trucking is very expensive, so they should just switch to rail
    Cost effective - bottom quartile industry costs no?
    high debt vs MC - this doesn't justify an FMG move

    how do you spin the 50% drop since the last capital raising? (or is that a fallacy of the spooky down-rampers?)
 
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