"What does "arrogant believe and dream" mean? What does "and...

"What does "arrogant believe and dream" mean?
What does "and want Las Vegas casino gambling hoping will go" mean?"

AGO's balance clearly stated massive losses and business is fixed on trucks unlike rail.

Have a read this article published in March.

http://seekingalpha.com/article/3023826-atlas-iron-is-the-company-doomed

"And that's exactly Atlas' problem. If I'd use a top-down calculation of the company's received price per tonne of iron ore, you'll immediately notice the alarming outcome. The benchmark price is currently US$55/t, so after deducting a penalty of $14/t (which actually isn't conservative) Atlas receives US$41/t. However, I still need to deduct the shipping cost and to apply a correction for the moisture content. Fortunately for Atlas Iron, the cost to ship a tonne of iron ore from Northern Australia to China has decreased rather substantially, but even after deducting a shipping cost of just $5/t (compared to the $7.5-8/t it used to be just six months ago), Atlas' FOB price per dry metric tonne is just US$36. Assuming a moisture content of 8%, Atlas' received price is just US$33/t, or A$43/t." [when iop was at $55/t].

"Look at the balance sheet and cash flow statements, and run for the hills" (as at March month).

$455m revenue (when iron ore was at much higher prices in 2014), $1.1 Billion losses with $558m operating expenses (excluding interest, admin etc.). $455m - $558m = negative $103m (excluding interest, admin, royalties etc.).

That was 2014 balance sheet at higher price of iron. AGO IMHO cannot lower operation expenses like BHP, RIO, etc.

"At the current share price (which in fact already is an unrealistic assumption as huge placements always happen at a discount) and expected loss Atlas would have to issue 575 million new shares to cover its net cash outflow for the subsequent six months. This would be a dilution factor of 63% and would buy the company just six (yes, six) months before it faces the same problem once again."

That was based on much high iron ore price and higher AGO share price. Now probably 2 billion new shares to cover every 6 mths negative cash flow, massive dilution. AGO will not able to raise that much cash every 6 months to cover cost.

Also paying 9% interest vs BHP's 3% loan. AGO's book value is $0.55/share based on mining assets $760m, but doubt it worth anywhere near that much TODAY.

People need look at their cash flow, debt and balance sheet, ability/inability to reduce cost... and must be forward looking. All written on the wall.

Just IMHO.