Buy or not?, page-47

Ozblue, I meant that they are good mine operators, which is not the same thing as being good capital allocators. They were obviously blindsided by the IO boom just like you (I sat on the sidelines completely until earlier this year).

Obviously there was a mad scramble for mining infrastructure at the time, and they played the hand they were dealt. Sure they could have played it better, but overall, they turned Atlas into a decent IO middleweight from a standing start, which is a fair effort in my book.

I'm not in this for credibility, I'm in this to make money.

You and I can go back and forth all day about whether this recap is going to work out, but the fact of the matter is that neither of us knows what the future holds, nor does any market participant for that matter.

Time will tell.

I'm in, you're out. Que sera sera.