AGO 0.00% 4.5¢ atlas iron limited

Bottom Call, page-25

  1. 9,777 Posts.
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    AGO charts

    Havent seen a cross followed by 2 compressed 1.0c candles for a very long time. technicals much better than for a very long time.

    This company will not collapse, this is shorters talk, it can easily sack staff of cut transport costs in the current cheaper market and cost of diesel/fuel has dropped 30% recently which will strengthen the cost reductions on the expenses statement and with the AUS$ at 82c that will boost sales figures in US$ terms.. looks like the reserve bank will keep the currency low for the next 12 months and may cut rates which will drop the AUS$ further. What down rampers are ignoring is that IOP in AUS$ terms is solid still.

    Maybe i should buy in again now. I want to see IOP stabilise/rise and more cost cutting plus volume at 10-20M per day at stable SP then thats buyers moving in to pick a bottom as well.

 
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Currently unlisted public company.

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