Ann: Atlas signs debt restructure agreement, page-105

These analysts were asleep at the wheel, as per that LinkedIn thing a month or so back, since, well, forever. This company has been losing money on its ore for every tonne aside from a few it pumped out with iron at never to be seen again this generation levels (when anything would have made money). And didn't they revise their cash costs a bit? They said $54, and a year later as the skids went on, they revised it up to $78. I mean, excuse me, that's a bit rich.

I can't see how this deal wouldn't trigger a change of control notice. Or even a takeover. The shareholders should be given a vote to wind the company up, at least. No one will get anything, but it'll be dead and buried, not some embarassing zombie code on the ASX liming along before being reverse floated into some Ped Egg IPO or something equally distasteful.