AGO 0.00% 4.5¢ atlas iron limited

atlas growth projects attracting interests !, page-4

  1. 257 Posts.
    Hi Matt,

    So from the article and what you believe (equity sale and then rail), we will not be hearing anything regarding this for another 10 months or so?

    "The company would prefer to sell down a 30-40% stake in the projects while still retaining a majority interest.

    Atlas hopes to lock something in on this front by the end of the 2014 financial year."

    Personally, I hope it is sooner rather than later as the SP is taking a really big hit and it really needs something substantial to turn around sentiment.

    In the current environment, I do not think we can count on 'potentials' anymore.
    - potential rail deals
    - potential equity sales
    - potential take over



 
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