Ouch I can feel your pain there mate.. I myself was also feeling quite cocky about atlas given their recent updates. A small part of me wanted to do what you did (hoping for quick gains) but I resisted and only gave a 20% weighting in portfolio. AGO still has huge upside potential but this is obviously based on IO price rebound, I definitely wouldn’t be betting everything on this happening even know I think it could happen - I’m bullish on China and iron ore in general but could be wrong.. no one really ever knows with commodities.
It May be worthwhile realising some of your loss and diversifying a little, would suck to lose everything. Think of adding Some safer long term plays that are attractive right now fundamentally (CCL, TPM) etc. you’ll sleep better at night Good luck!
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Ann: December 2017 Quarterly Activities Report, page-118
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