My post 1 year ago which prompted Goodie's comment above....
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Probable scenarios with the backing of debt holders, partners and shareholders post restructuring:
1. AGOs reset button will be pushed. Debt issues will be squashed. (Tick)
2. AGO to announce further hedging and further profits for this quarter and beyond as it builds cash reserves paying off debt rapidly and rebuilding investor confidence. (Tick)
3. AGO to provide an update on Corunna Downs possibly kicking it off. (Tick)
4. AGO to announce in its next Quarterly further cost savings being one of the lowest cost marginal producers in the market just outside the big players and cementing its place in the pilbura. (Tick)
Atlas Iron has stuck to its knitting and has defied all the naysaying, nonholding, BHP/RIO loving, IO shorting bears that they will survive the bottom of the market and will now thrive in a recovering IO market positioned to capitalise on new demand drivers emerging. (Tick)
Good luck to AGO holders. Once this restructure is approved and the reset button is pushed expect the SP (which has already priced in the restructure dilution) to fire and profits to be shared with all holders big and small. It's in the best interests for all holders and a win win for all
(Tick)
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Goodie's post straight after the above post...
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Possibly the most deluded post I have ever read on hotcopper. And that's saying something. (Cross?)
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I'm sure some thought like Goodie back then too but where would of it gotten you now? Here we are with Atlas, surviving, thriving, making hundreds of millions in profits. As it may disappoint some to see Atlas thrive the quote of the day from Bruce Lee is:
You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can drip and it can crash. Become like water my friend."
Have a good day all
