Like I said ... I will reserve my decision until I see the Quarterly (which btw was the 'anticipated' announcement) however we receive all of these announcements prior to it ?
@Richie2013 ... as you know I hold AGO and I don't want to sound negative, but this appears to be 'very' coincidental, given it is exactly $20m difference and that is what we are 'going' to pay off the debt????
Atlas Iron Limited (ASX: AGO) advises that
it is set to take another key step in the strategy to reposition its business
by repaying a further A$20 million of its debt. Atlas’ lenders have also agreed
to ease loan covenants, including reducing the minimum
cash balance requirement at the end of each month from A$35 million to A$15 million.
..... and let's hope this restructure doesn't cost us even more shares or a few million dollars like last time ??? We need to get rid of these guys and their 'governing requirements' as soon as possible.
The Quarterly will reveal all - just sayin'
@eyeswideopen @rcman .... thoughts ?