AGO 0.00% 4.5¢ atlas iron limited

Ann: Chairman's letter - Scheme of Arrangement, page-112

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  1. 4,028 Posts.
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    Thanks RC for noticing. nimba is in the same boat as mustpow and redrockgeo and other trolls. They all predicted (falsely) the death of AGO, over and over again. They would often post +20 times a day (around the capital raising in 2015).

    .As time went by, AGO grew stronger, and as they did, these trolls would disappear one by one. When there was as dip in the Iron Ore price, guess what? The trolls would re-appear one by one.

    AGO is now at a crossroad. They have little debt (Slightly more than cash in the bank), debt holders are history (Soon to be gone from the board as shareholders have had enough of their inactivity and poor performance and leadership), and they have what others want (Plenty of Iron ore +1B Tonnes), plenty of Lithium (Poncho and Francisco), plenty of Copper, plenty of Gold, plenty of Port Allocation at Port Hedland (+46 MT which in itself is worth hundreds of Millions of dollars, add on to that, the Tax loss of $500 Million which can be used by any company to offset their profits in the future).

    So I am going to say this for the very last time (and I'm hoping that other share holders repeat it) ,

    The Atlas iron Takeover bid by Mineral Resources is too low, $280 Million is a joke. Atlas Iron is worth so much more than this. The Iron Ore, the Lithium, the Port Allocation, the Gold, The Copper, The Tax loss. the list just goes on and on and on.

    I've now said all that I want to say on Hotcopper, but I will always believe that Atlas Iron is worth more than $280 Million. I hope that all fellow Share Holders are with me, and Vote "NO" for this ridiculous takeover by MIN.
    Last edited by Richie2013: 21/04/18
 
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