AGO 0.00% 4.5¢ atlas iron limited

AGO to close back above 5c tomorrow, page-19

  1. 3 Posts.
    No one is debating the fact that giving 25% of the profit to contractors is not optimal, but lets face it, if it wasn't for this agreement than Atlas Iron would not exist.

    As Frader noted, 75% of $60 od mil a quarter is better then 100% of $0 per quarter.

    The contractors are being rewarded for their faith in the company's rebound. I would also expect this agreement to be re-negotiated by the MD as soon as practical.
 
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