Exactly Haplo.
Ok, let's check on my previous notes from months back and in opinion:
1. AGO will report on 60-80 mil profit last quarter. SP will go to 4-5c
(29/3/2017 - Tick... Done... Yes we had a retrace to 3c but look out holders AGOs LT rise has only begun. This next leg up will be vicious as the BBQing begins. March Quarterly incoming which will be significantly better than the last....
)
2. By March 2017 they will have 0 debt with increasing cash. SP will be 7c - 10c (which is 1$ per share equivalent before all this negative dilution and near death happened in 2015 - early 2016) (29/3/2017 - In progress and about to unfold...As IO maintains its uptrend, it's still possible to be debt free by end of March, early April. I still stand by my forecast months back. Any 'experts' out there who can stand by their forecasts over the last 12 - 16 months?)
3. By June 2017 they would have progressed the Corrana expansion (with its profits) while exploring diversification potential of Lithium.
(Well hello...Another double tick.... AGO has exceeded my expectations as they approved the corrana development, with Term Loan B amendments to use operating cash flow to fund Coranna project. Now AGO is diversified into Lithium which derisks AGO and provides potential additional cash generation and opens up opportunities for exploration in the area. This is the start of something big for AGO and provides enormous upside ;-). )
4. Atlas being cashed up later this year has JV potential with other miners in the IO space or outside the IO space such as Lithium. Atlas would still be eyeing Centaurus Metals no doubt which has IO and Gold potential.
(29/3/2017 - Well hello. What do you know. Pilbura Minerals and Atlas in agreement for Mt Francisco.....Lol. Another tick to stick it to the doubters out there)
5. With cash rolling in, Atlas will have more options to look into regarding more efficient transport options to cut costs further. I'm sure management have not forgotten this as it's crucial Atlas keeps costs low not far off market leaders and should strive for this always.(29/3/2017 - I think Haplo is thinking like me here. AGO have the potential to cut transport costs further and make good use of its transportation services and existing port infrastructure.)
Backing my LT positive points and holding steady on AGO.
Well done Atlas and well done to holders. Sorry non holders, another missed opportunity as this money making machine keeps rolling in $$$$$$$$$$$$$, growing potential and showing enormous upside.
