Fairness - General Points to Consider, page-2

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rcman

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17/04/18

13:12

Post #: 32502889
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Originally posted by groundhog2 ↑

But they may be taking out of play the weaker holders perhaps. Reducing their numbers. People may not understand the true potential of our company. They need to look back over the entire history of Atlas to see how our profits (that were rightly ours and the majority reinvested back into the company) and money has been spent to build our business (including our entire workforce) up to where it is today. We have are our asset base and now a diversified business. People with an agenda talk about our stranded iron ore assets but given the fact that iron ore is a finite resource - and most likely that the Pilbra and other areas have been explored for iron ore and further depleted - our entire business, assets (both tangible and intangible) and resources have to be fairly valued. If the iron ore cycle turns, opportunities for expansion for us will arise. Looking back through Atlas history that is exactly how the company expanded. in the first place. Shareholders need to remember that Atlas went from zero resources in 2004 to being approximately a four billion dollar company in 2008 and again in 2011 - before I believe even Mt Webber was developed and resources found at Corunna Downs (do your own timelines). Then there are the other resources eg Lithium. We need to cast our minds back to the debt for equity swap - why did management fight so hard to ensure that our company did not go into liquidation. Did they know the real value of our company?????? DYOR

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Im not against the deal, just not pleased with timing and price. Should offer 3.8c as per 8 reports and i wold accept

AGO Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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Fairness - General Points to Consider, page-2

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