When cliffs diversification of atlas (notice I don’t say iron) comes to daylight there will be a markedly different sentiment. The signs are already glaring if you ask me.
Looking backwards in the review mirror it not so great. But ago is not iron ore and it will be secondary before too long.
Additional offtake agreements and exploration and odviosuly development (slackening of cash reserve to fund) will see this a billion dollar company by years end.
Read cliffs dso announcement, his last line for example and keep in mind this guy is the most conservative of any mining ceo. Read pls quarterly which features the dso atop of their report stating additional offtakes likely.
The lenders have loosened the covenants to allow for greater breathing space to explore and develop lithium and copper.
If you think AGO is an iron company than sell. If you are like me and see cliffs vision of the new AGO and it’s diversification strategy then sit tight and you will be rewarded.
Ann: December 2017 Quarterly Activities Report, page-122
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