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4.5¢ atlas iron limited

Ann: Financial Update, page-177

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boycott

78 Posts.

23

23/05/18

16:56

Post #: 33275211
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Originally posted by rowliegb ↑

I have never put a value on Atlas. There are too many variable outside of the companies control. For example if oil drops significantly, iron one rises significantly and the 58% discount reduces Atlas should be worth multiples of current price. If the opposite happens Atlas is dead in the water. I have no idea where those prices are going. If I could pick it I would have loaded up on oil a year ago when very few others were talking about it. Atlas is a very high risk high reward play. I am happy to get out in July but if it then goes higher good luck to whoever buys my shares . As always I hope for a better offer but remain realistic. I hope you get your 1.2billion. Anyone who buys shares without examining up and downside and particularly down side should buy an index and save themselves heartache. People love to blame directors and bankers when it isn't favourable but I bet they all wish the share price was. Much higher also. You walk into the casino you can't blame the management (and Atlas is a casino stock, maybe not 6 years ago but it is now) .

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morning star quote AGO @ 4.1cents
i would say that is being conservative on their behalf

all it tells me is the TO is not in shareholder interests at a conservative quote

vote NO

AGO Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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