My question to Atlas today,
"Hi Tony,
I’m not sure you notice that AGO share price drop over 30% in 5 days.
I do aware iron ore price entering bear market, but if you compare AGO with its peer like MGX, FMG and GRR.
Their share price do not drop heavily as AGO, FMG iron ore grade is similar to AGO btw,
Your suggestion that substantial holders sold or selling their shares, we yet to see any substantial holders notice on ASX last couple weeks?
Is any confidential details about the upcoming quarterly report been comprised?
One of Hotcopper member rang the broker and post his comment:
Would you care to comment?
“I just spoke to my old broker and he told me its shorts and one of the major holders has loaned their shares out”
Please not your answer will be shared in Hotcopper and appreciate not receiving a generic email from you
Thanks in advanced,"
Answer from Atlas Tonay 12 April 2017 6:14pm
"Thank you for your email.
The iron ore price is now down by almost A$30 per tonne from its recent highs. This is clearly affecting the market price of iron ore companies like Atlas Iron.
God Bless
Tony
"
