Seems to me Flano has sold his long suffering shareholders down...

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.