AGO T/O Price Thread, page-367

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spartan300

191 Posts.

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09/04/18

10:29

Post #: 32311939
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Originally posted by Troydt ↑

you lot have clearly not read the article and only looked at the sale price.

Under the merger Atlas still has 8.1%. This is a joint venture and MIN has bought Atlas 90% for 3.7 cents per share.

What did they buyout you say:

- the trucking agreement which was ripping profits away from the bottomline
- bought out the debt and released the debtholders
- bought out all shareholders but not the retailer shareholders
- MIN is the new debtor for Atlas moving forward where they will explore all commodity oppurtunites moving forward.
- put 200 million in Atlas account 300 - the debt!

Separate from the Scheme, Atlas and MinRes have also identified a range of opportunities on which they can cooperate. To pursue these opportunities, the companies have entered into an Alliance Agreement that provides a framework for: • The parties will pursue a number of existing and potential future commodity opportunities • A new vehicle (“SPV”), controlled by Atlas, will be responsible for managing Lithium and Manganese operations • MinRes will provide the initial working capital for the SPV operations, with Atlas then providing funding going forward • The alliance agreement and SID are not inter-conditional.

It was exactly what I said yesterday. Read the renouncement you muppets.

Cliff has done a masterstroke

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How on earth do you come up with that interpretation of the announcement?

This is not a JV and Atlas does not 'still have' 8.2%.

Your post is misleading to say the least, but highly entertaining...

"Read the renouncement you muppets"???

thanks for the laugh!

AGO Price at posting: 1.9¢ Sentiment: None Disclosure: Held
12 Upvote

0 Great analysis

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AGO T/O Price Thread, page-367

Top Stories

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IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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