Ann: Atlas December 2016 Quarterly Activities Report, page-42

Yes, I'm thinking that the increase in cash costs to $55 aud tonne may have some concerned.
The dump on open may be also from the bond holder, designed to induce selling from recent buyers with tight stops.
Good support remains at 0.045 - 0.047 and while the ore price continues to strengthen the rerate will continue.

Last night Dalian futures rebounded 1.8% from good support at 600 yuan.
The majors today are also "treading water" and will continue to do so until the Dalian futures market opens again at 12.00pm.

As said fundamentally this remains under valued, at present market cap of $439 million presenting a compelling and attractive P/E of two.

Cheers Lute