The massive capital loss is because of excess debt, a belief iron would remain at high prices for years and over exuberance in some resource stocks (don't forget the lower price for low grade ore) . The Yankee debt holders kept Atlas going when Aussie's wouldn't lend the money. The board kept Atlas alive, did some joint ventures and managed a takeover.
In my opinion it was events that led to the downfall of Atlas as a market darling not people. It is easy to blame individuals for investors lack of ability to identify potential risks. People should take a loss as a learning opportunity rather than a blame game, why buy at much higher levels if you can't identify downside risk. In my opinion. DYOR .
- Forums
- ASX - By Stock
- AGO
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-60
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online