Ann: Letter to Shareholders-AGO.AX, page-30

Atlas Iron secures lender support.
Vote is now with shareholders.

Well my votes in and I'm supporting management's decision with a yes. This is a no brainier for shareholders to squash all the negative possibilities which are thrown around in this thread. Now is the time to look forward positively and not reflect backwards negatively.

This will reset the business with the death card off Atlas for good with:
Manageable debt ratio
Cash in the bank (and climbing)
Lower all in costs with reduced interest payments due to restructure. Costs are only just outside Roy Hills cost. Not bad hey?
Opportunities on the horizon possibly in lithium.

Diluted yes, but now in a healthy state to continue its future Pilbura path to lock in profits, pay off debt quickly with a steady income and reasons to pursue its land holdings for other opportunities and further upside.

I'm sure we will see a share consolidation and share buybacks in future hence why positioning oneself at the bear extreme bottom is risky but rewarding for longs while shorts get squeezed from here on in.

AGO holders. It's not been fun at all to ride through this for the last few years but with IO now on an MT-LT uptrend path with China recovering and the rest of Asia firing its a bull market now and profits will be for the taking. If you're going against positive emerging and sustaining fundamentals living off past negative bearish sediment and forecasts good luck in your investment.

Commodity cycles will always be cycles and the tide has turned and upside is now the norm. Even Citi is starting to sound a little more positive now.