Upside: By using rail in lieu of trucking ore to port and optimising IO mix should bring back profitability by using third party rail and IO remixing (may be need a DJ for remixing).
New BOD (including management team from HPPL/FMG) and also renegotiating loan B.
Don't forget HPPL is an experienced and accomplished team.
My comments are not advice and I don’t have a crystal ball to tell me about the future, may be need to ask Marty Mcfly (in case you don’t know him, character from Back to the Future).
I am only speculating, time will tell as is always the case.
AGO Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held