ATU atrum coal limited
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Ann: Statement re Ministerial Order, page-47

  1. Minion32
    1,487 Posts.
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    25/06/25
    17:37
    Post #: 79567357
    Oh well at least some news - get this sh*t sorted and move on (IMO they should never have pivoted to Elan in the first place by anyway...) - maybe they might get between CAD$47M (plus costs / interest) and CAD$3.53B lol? It would be great if it was about that CAD$300M mark

    https://hotcopper.com.au/data/attachments/7089/7089796-553ae53ef5a6e536882522d8a90f40da.jpg
    What would they do then? Am assuming they relinquish the Elan leases (?) Maybe pivot back to Groundhog / Panorama ? (the project I originally bought in for). A significant resource there - I have been on site and very impressive - so very disappointing it didn't proceed (lost 10 years or so from when they first started up in that area). Old disused and in total disrepair rail corridor basically to Groundhog - would need a lot of work but the surveyed corridor there! - so many positives but need deep pockets. Anyway - lets wait and see

    https://hotcopper.com.au/data/attachments/7089/7089810-761e149116ddadc833469478518176ec.jpg


    Last edited by Minion32: Wednesday, 17:38
    ATU Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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