This is why the credit rating announcement is worthless news.
Commenting on the acquisition, Chris Ellison, Managing Director of MRL said, “The acquisition of Atlas, including its portfolio of iron ore assets and its export capacity allocation at Utah Point, is onstrategy for MRL. The culture that has been developed within Atlas is an exceptionally good fit with that which has been fostered in MRL. The majority of the Atlas senior leadership team have been running the business for many years and their skillset, experience and intimate knowledge of the Atlas business will be an extremely valuable asset within the consolidated Atlas-MRL business. I look forward to them integrating into the MRL team over the coming months.
Atm Atlas is controlled by Min the so called junior mining of 3 billion plus market cap.
MIN have enough credit to cover the bills.....its big of them not to reassure us share holders of this fact.
Dont be fooled by the smoke and mirrors.
AGO Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
