Superox, it depends if you want your investment to return +100% or 50%. The more risk you take the more you make or lose. But when a CEO is saying that he is adamant, confident, sooner rather than later etc, etc, then it looks like a deal is imminent and the odds are reduced. That's not to say that a rail deal will never happen, or he is lying, if he is then the company will struggle as investors will find it hard to believe the management again. I believe this is the unlikely scenario. Atlas Iron needs a rail to progress past the 15 MTPY and onto 45 MTPY, the management will have to come up with a solution soon for that to happen.
AGO Price at posting:
$1.02 Sentiment: Buy Disclosure: Held