i agree that if WA Govt grants an independent Operator a 3rd line then i expect a move from a major player to acquire Atlas, i also expect that David Flanagan will not deal with a suitor unless it is a hefty premium to the Market. I do not believe FMG can get involved it already has Debt of close to $3.5 Billion and needs to spend another $5 Billion to continue its Projects. I would think that a logical Suitor would be BHP or maybe Rio. I too am bullish with Atlas and expect strong Company Announcements will continue to drive the price in an upwardly direction over the next 12 months.
AGO Price at posting:
$3.67 Sentiment: LT Buy Disclosure: Held
