AGO 0.00% 4.5¢ atlas iron limited

In my opinion I thought the common practice when selling...

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    In my opinion I thought the common practice when selling something of value - to ensure independence, there needs to be three independent valuations of each of the assets. Given the value of the assets in question I would assume that this would be normal practice particularly given that we are dealing with the lives and financial health of all Atlas Shareholders here.

    The following statements from Cliffs Rising Stars interview are also relevant.

    "Atlas has a very valuable port capacity" - how were the Utah Point and South West Creek Port Allocations valued during the process. How was their value determined.

    "Atlas has a rich tenement portfolio. Always has had a rich tenement portfolio". How were each of the tenements valued during the process? .....Are specific valuations for each resource available for release to the shareholders.

    Is the exact size and value of all resources known. What work has been done to determine the size and value of the Lithium, Copper, Magnetite and Gold Resources.
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    On the loan issue we are all well aware of the public statements made by Cliff in the Resources Rising Stars interview on the 28th September 2017 about the Term Loan B which in part states "We now move into a phase where we restructure term loan B and we expect that to take place in the foreseeable future."

    "We don't have all the relevant details on that yet but we are underway in dealing with that matter - "....."We shall deal with that in the very near future".......

    The above commentary is different to the statements made in the ASX release dated 29th January 2018.

    “After evaluating other financing alternatives, we concluded that a staged repayment of the Term Loan is the best option for the Company to preserve liquidity while strengthening our balance sheet. We will continue to evaluate financing alternatives on an ongoing basis."

    Given what has now occurred it may be worthwhile querying what transpired between the 28th September 2017 and 29th January 2018. What efforts were made to refinance term loan B.

    Just a few thoughts in my opinion only. These are issues I would like clarified. DYOR
 
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