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4.5¢ atlas iron limited

Hopefully Gina or twiggy do something on the weekend with a pre...

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jscopas

1,265 Posts.

67

15/06/18

15:12

Post #: 33739816
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Originally posted by ArasiB ↑

Totally agree with your conclusions Bones.
12 months before the last Report i thought AGO had a MC of +- $500M so at 1.05 i bought my first lot, and been buying a few every time i have a spare $.
Yesterday, picked up a few more at 3.6 and again today.
Despite the uncertainty of having 3 big players involved, how anyone can support a 3.6 price or a MC of just over $300M is crazy. A few days ago they were 4.45, rapidly heading to 5 until TH imposed.
Tax losses for a few will bring the price down but with so many shares traded, i can't see that is what's holding it back.
That '17 Annual Report showed NTAs at 1.93 times the MC at the time, when SP was around 2.4
Bones said SP should be closer to 9.
I say between 6 and 10 depending on timing of production etc.
Neither Gina nor Twiggy are in this for the fun or to be nice guys. Short term is not their style. AGO has good long term indicators. In 5 to 10 years time, $1 is not beyond possible but for me, 7+ will do.
Cheers

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Hopefully Gina or twiggy do something on the weekend with a pre open announcement of takeover .could easily happen

AGO Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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