AGO
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0.00% 4.5¢ atlas iron limited

I don’t think it is from profits ? :( Changes to loan covenants...

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  1. col69
    15,663 Posts.
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    29/01/18
    08:38
    Post #: 30619021
    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
    AGO Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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