I would say that 4.2 cents is indeed the new baseline, but I wouldn't be giving too much credit to the Atlas Management, I liken them to the driftwood that you mentioned, pushed around by the ebb and flows. A new beginning is coming forth, created either by Hancock or Fortescue, time will tell.
I do like the biblical comparison though, unfortunately not quite in the same category.
AGO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held