I'm trying to disect every detail of the report (there's a lot of grey misleading areas) the only conclusion I've drawn is that Atlas are losing money as illustrated in this chart (taken from their report) They may have made (paltry) profits from their Iron Ore but once they've made all their payments to all the vultures, they've ended up with less cash to their name than what they had at the beginning of the quarter (despite high IO price)!! Management are treating us like Idiots saying giving misleading headlines *strong cash balance, $8m paid off debt* they made a loss!!
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