Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

Ann: Ceasing to be a substantial holder from FMG, page-21

First 21 Last

Share
Profile

Follow
HamburgerK

1,119 Posts.

243

28/09/18

18:47

Post #: 35919125
Share

Originally posted by Nimba ↑

Being saying this for weeks and weeks...........but hey down rampers know jack sh$t apparently.
Its been fun and good luck to all in your future endeavours.

Fortescue’s decision to fold followed news that Atlas lenders had agreed to waive an event of default over their $86.4 million loan triggered by Hancock securing more than 50 per cent of the company.
The lenders instead agreed to a 60-day put option beginning Wednesday, October 3, by which they could demand that Hancock buy the debt.
The ASX and Atlas board agreed than any purchase of the debt by Hancock would not require shareholder approval.
If effected, the transaction would give Mrs Rinehart and iron-like grip on Atlas by owning a majority of the the company and the entirety of its debt.
In the event that Atlas collapsed, Hancock as a secured creditor would be first in line for its assets.

Expand

DYOR:
But had we listened to “palliative care” from the beginning, we all would have accepted 3.1cps.

AGO Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Trump is President Again: What Does This Mean for Crypto?

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 101 more messages in this thread...

First 21 Last

Add AGO (ASX) to my watchlist

SPONSORED BY