agm - fired up & cashed up

Hi Atomic Watchers,

Today's AGM marks the beginning of a new era for ATQ.

With Graeme Robertson joining the board as Chairman, and with $5M cash in the bank, ATQ is metamorphosising from a junior explorer to a junior coal producer.

We're fired up and cashed up - and it feels good.

It was pleasing to see that shareholders outnumbered the board by at least 4 to 1 today. Also pleasing to see some of ATQ largest shareholders attend the meeting in person and lend their personal support to the incoming Chairman.

There was no formal presentation by the MD, so no powerpoint slides to share, but the general comments by the incoming Chairman were that he expects ATQ to be producing unwashed coal, selling it to the local market and generating cashflows, early in 2011.

That's great news for ATQ shareholders and great news for Tanzania.