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4.5¢ atlas iron limited

Ann: Letter to Shareholders-AGO.AX, page-43

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redsceptre

5,336 Posts.

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21/04/16

08:56

Post #: 17562737
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Originally posted by asx_dude ↑

Well, my average is similar to yours but Im the type of investor who backs the horse it holds rather than the opposite. DF has done an amazing job to keep AGO surviving with extreme cost cutting and sensible partnerships. As for the downrampers still amusing holders with their doomy comments, take a walk.
This will be voted and approved as yes as this will redefine Atlas. Shorters will cover hard, non holders will miss out. Simple.
IO market has turned and train has left the station.
The way the IO price has returned to a justified level and now heading for 70-80 given oversupply argument out the window and demand has fired up, AGO will have the rest of the debt paid in just over a year. In 2 years it would of bought back to hold 50% equity at least.
Lithium exploration is now also a possibility.
This is significant upside regardless of the dilution. Death card off. Capital gain on.

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Which shorters are going to cover hard? Kind of detracts from your general comments when you keep repeating that asx dude, not sure why you bang that drum when presented with the evidence of only about $10,000 of ago stock being held short

Last edited by redsceptre: 21/04/16

AGO Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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