Ann: Atlas approves development of Corunna Downs, page-61

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Richie2013

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19/02/17

11:24

Post #: 22729295
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Originally posted by thebeautifulstyle ↑

What are you guys on about?? Have you been keeping up with what has
been announced?? These posts been going on for too many days now.

The loan repaying is over. OUT the window for now. All profit will go to developing
CD mine, just as stated in the last announcement. They have come to an agreement
with the creditors on this.

Also the other thing about the higher IO price impacting this qtr's profit.
Didn't you read
the main bit in the the last quarterly report. Profit will be about the same as
in the Dec qtr because of hedging (forward selling almost all). Higher IO price
will only affect the June qtr (which is already partly hedged probably)

Dont post upbeat profit estimates (for eg you Richie), because (and you know why) if
the figures announced come out less than estimated here, everyone gets disappointed
and down goes the share price.

ps Im here for the long haul (MT). I think June qtr will be a good one. If options
are in the money, AGO will be in a great position. But guys please dont post estimates
before doing your research (and reading announcements) first.

Expand

I disagree with you regarding the debt repayment. They are only allowed to put $20 M per quarter aside for the development of CD. All other profit is to go to paying off the debt.

AGO Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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