Ann: Atlas signs debt restructure agreement, page-6

  1. 10,824 Posts.
    Seems to me Flano has sold his long suffering shareholders down the river and handed Atlas to the debt holders. It basically dilutes the 5 cents issue shares down to approx where they're trading now. I suspect Trent Barnett might finally have got a forecast right at 0.7 cents because that's where it will be quite soon with this desperate junk-bond rescue. Well done Trent !!! Welcome to the party, its taken you a while.

    Also the cost update guidance of AU$55 to $59 + A&D of $6 to $7 means they're losing money hand over fist despite TB's assurances production costs have continued to be cut.
 
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