AGO 0.00% 4.5¢ atlas iron limited

Ann: Replacement Bidder's Statement, page-228

  1. 1,252 Posts.
    lightbulb Created with Sketch. 42
    @eyeswideopen, your amateurish excitement about that anfortunate FMG announcement regarding Eliwana mine development caught attention of professional market players.
    They found that there is no mine at all, just virgin bush.
    Then propsed Elivana rail route has rised public concern regarding Spear Hill, or Ngajanha Marnta, heritage site. FMG proposal is in the hands of EPA, it reached stage 3 of the examination. There is some new development in progress.
    FMG shares at level not seen for long time.
    Andrew may not be in a position to bid for Atlas, he must be very busy thinking about saving FMG from further deterioration. Parhaps another announcement would be helpful, better worded this time.
    You may have contributed to this little calamity.
    Think how to redeem yourself, I may be helpful, just waiting for an outcome of additional FMG application.
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.