AGO
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0.00% 4.5¢ atlas iron limited

I love following debate among AGO enthusiast. Three points I got...

  1. ironman4434
    187 Posts.
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    22/09/17
    12:44
    Post #: 27395244
    I love following debate among AGO enthusiast.

    Three points I got from this solid report are:

    Underlying profit/(loss) after tax* 30,841K
    Deferred tax losses not realised $508,820K
    Average price per tonne received (including Lump & Value fines) (AU$/WMT CFR) 2017 60.69; 2016 55.47; 2015 59.96


    In my opinion when it comes to AGO everything hinges on 58% grade iron ore price. If the price on average is over $50US, company will be highly profitable. If the price on average is under $40US, company will be bankrupt.
    AGO Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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