ManxmanThese assets were bought in cash often for too much.The...

Manxman
These assets were bought in cash often for too much.
The fact that they are being used up does mean the company
is going backwards during this current period and that is
what the companies accounts are going to show at the the end
of FY14!

I am just posting what the market thinks, you can bury your
head in the sand if you like, but it won't help!

You don't understand how the market works if you think I am
responsible for driving the share price down with my power
full words. One day if you don't lose all your money first
you will realise how ridiculous the idea that I am able to
scare people into selling to support my position!
Do you think the people selling out of VALE and CLF in New York at the moment have been listening to my scary warnings as well? They have similar problems to AGO with a low IO
price!



The Atlas realised CFR sale price is in Australian dollars/WMT as highlighted in the report!
$104.97 Australian/WMT when the headline price was $120.39/dmt US.
What do you think the Atlas realised sale price will when the headline price is $105.40/dmt US????

The D&A figure is also AUD/dmt!
The all in cash cost is also AUD/dmt. So I am not sure what
your point is?

I agree with your post re: IO, I think the IO price will bounce back and come back strong. As to when, your guess is as good as mine!