Excellent point about the write down losses.
The shorters wouldn't want to make that point to distinguish from the headline story.
...."Atlas Iron has posted a first half loss of $256 million, caused by writedowns in the value of several exploration areas".....
....The loss includes $455 million in charges related to impairments on Atlas’ undeveloped Horizon 1 and 2 project areas and other tenements"...
Read more: http://www.smh.com.au/business/earnings-season/writedowns-cause-loss-for-atlas-iron-20130226-2f2xy.html#ixzz2OblnGd7e
any chance ago will rationalise??, page-13
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