AGO 0.00% 4.5¢ atlas iron limited

Ann: Atlas repays A$20m in debt, page-2

  1. 15,471 Posts.
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    I don’t think it is from profits ?

    Changes to loan covenants including reducing cash at end of month from $35m to $15m .... keeping current loan facility for time being (of course) .... and coincidentally all this smoke and mirrors just prior to poor Quarterly IMO ?

    Happy to be wrong but this doesn’t look like great news to me ?

    The drilling updates look good, but again more smoke and mirrors IMO to cushion the blow of the upcoming poor Quarterly .... again I hope I am wrong

    GLTAH
    Last edited by col69: 29/01/18
 
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