Great news. Pretty obvious this was coming given the way Atlas has held up amongst a negative market the past few days.
I re-opened the margin loan Wednesday...and bought a few more.
While terms are undisclosed, the fact the deal runs until mid 2012 suggests it would be a good one Atlas. I would have been worried by a 12 month contract.
I also notice $95m still in the bank. Very reassuring given the level of exploration Atlas has been undertaking the past few months. Suggestions from others that the previously stated $100m would soon be gone appear unfounded and in all likelihood, just downramping.
Long term, I believe Atlas is a great investment.
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- congratulations on off-take agreement
congratulations on off-take agreement
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