analyst comments, page-4

This story may have been the trigger for todays action.

Iron Ore’s Slump May Force Atlas to Raise Funds

Atlas Iron Ltd. may need 180 million Australian dollars (US$186.5 million) in new funds to double production in the Pilbara if iron ore prices remain stuck around two-and-a-half year lows of US$100 a ton.

http://blogs.wsj.com/dealjournalaustralia/2012/08/28/iron-ores-slump-may-force-atlas-to-raise-funds/

Deutsche Bank is making the commentary and they also released a $1.50 target on the same day as this news story.