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4.5¢ atlas iron limited

Ann: Becoming a substantial holder, page-151

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steelcouch

104 Posts.

6

16/06/18

14:11

Post #: 33756109
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Originally posted by saracenm ↑

The value in Atlas is that is has tax losses because it has a terrible core business, and it has the right - that it may have already lost - to build a port that it can never afford.

So in short a standalone Atlas is either dead or close to it.

It only has more substantial value if it is taken over.

The idea that another management team can turn around a high cost business for an product that appears to be in structural decline is far-fetched.

Brutal as it may be, Atlas is worth much more dead than alive.

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I disagree. Please go read all the company announcements from December 2017 onwards

AGO Price at posting: 3.6¢ Sentiment: None Disclosure: Held
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