atlas iron targets first profit in 2010/11, page-2

Hi Peter,


Nice article and by reading it everyone should realise that we are still just soo undervalued.

David Flanagan is saying we do not need anymore Capital raisings so future dillution of our holdings are now nothing to worrie about.

The ramp up to 6 Million t/pa has now been achieved 2 months before target.
This shows that DF keeps delivering as they promise which gives us all reason to believe that the 12 Million t/pa will be achieved.

For now no other aquisition are being planned and they will focuse on their excisting bussines.

And they have plenty port capacity to deliver the 12 million t/pa on ship and have even more capacity planned for the future.

And with first maiden profit (and a BIG one) to be achieved in the current FY11 we can now look forward to see our SP grow and going to full value.

It will be long overdue but imho we should be able to see the $4 mark again before the current FY is out.

Good look to all

jojo