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4.5¢ atlas iron limited

Ann: MIN: Redstone's proposal to acquire Atlas Iron, page-33

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saracenm

760 Posts.

120

18/06/18

22:47

Post #: 33782520
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Originally posted by brianchu82 ↑

In some fairness and based on my opinion, I prefer a scrip bid from MIN than a cash bid of same amount from Redstone/Hancock. I believe that MinRes has been well run when we see the cash flow generated and the stock price run over the past year, so I wouldn't mind riding the train further behind MinRes than to crystallise a cash payout.

But that being said, my average buy was 2.1c so it is all bonus for me.

The commodity space is now lighting up for plenty of action with bigger miners taking over smaller ones to replenish their shrinking ore reserves.

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So take cash from Redstone and buy MIN?

AGO Price at posting: 4.4¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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