Atlas Hedging, page-13

I have been the most optimistic AGO shareholder all the way down, watching my investment dwindle and dwindle. My issue is the news that comes out of AGO is not consistent with the real goings on. Even their update had positive headlines, *strong quarter, paid off $8m in debt* but read between the lines and the cold hard facts are:

Shipped 3,200,000 tonnes
Production cost $179,200,000 ($56/tonne)
Sales $198,400,000 ($62/tonne)
Profit $19.2m then pay out loads more than the $19.2m profit to the vultures

Then everybody else takes their cut and it's gone!! Management need to pull their fingers out their @rses!! $56/tonne production IS NOT sustainable!! Are they gonna mine Iron Ore at Corunna Downs at $56/tonne?! Management need to be more forthright with us shareholders. We've all been had by the big pump and dump from the big boys back from the January debt repayment announcement