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4.5¢ atlas iron limited

Ann: Operations to Continue at Abydos and Wodgina During May, page-51

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shijian3

1,226 Posts.

86

03/05/15

10:31

Post #: 15206972
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Originally posted by richrichie ↑

If I was Atlas board of directors, I would try and split the company to two, if there were no offer for asset sales.

Two entities as:
1. Smaller revised Atlas Iron that has only the Horizon 1, Horizon 2 and infrastructure assets.
2. Spin-off Horizon 3 assets which include Midwest, Ridley, SE Pilbara assets, and remaining listed equity into new entity.

I believe this is the best way forward to minimize unneccesary capital expenditure on Horizon 3 assets and focus on cashflow maximizing for the trimmed down Atlas Iron.

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Any outcome is possible, discussions still continue.

AGO Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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