AGO 0.00% 4.5¢ atlas iron limited

I looked back at that email you suggested I send in to them. It...

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  1. 2,722 Posts.
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    I looked back at that email you suggested I send in to them. It ticks some of the boxes for me so I'm stoked. Visibility to the market is better but perhaps they were doing it duck fashion. Calm and quiet and motionless above the water and feet frantically at work below the surface.

    I was looking for the vision of Atlas going forward so thank you management..........

    As of today Atlas is cash positive for the first time in its history.
    Zero debt Q2 2017
    (surprise the market if it happens earlier or on the actual date it happens).
    AGO expect to re-join ASX200 list (which qualifies you for some Fund Manager’s hit list)
    Management expect further credit rating increases before June 2017.
    Cash cost reduction major focus in 2017 for new management.
    Strategic review of the business exploring opportunities in diversification, acquisitions and joint venture partners. Consideration to increase IO production to 20-25MTPA during FY 2018/2019.
    Dividends and/or Consolidation plan under consideration, outcome announced Q2 2017.
    AGO to accelerate CD development prior to Q1 2018 to capitalise on the current high IO prices.
    Some form of announcement about current hedging, etc to re-inforce the careful and controlled approach.
    Preliminary studies planned to commence late Q2 2017 exploring dedicated AGO rail solution.
    ROM pad relocation at CD confirmed saves $3 a tonne.
    Glen Herring deposit under review to increase CD by 50% to a total Ore reserve of 33MT. Production to increase by 50% to 6MTPA.
    Pilbara Port price relief extended to July 2018.
    Positive results from discussions with Main Roads regarding higher payload road trains.
 
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Currently unlisted public company.

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