Completely agree with this thread. Corunna downs need to be put on hold
Keep mount webber ticking along, see what happens with the iron ore price and develop Corunna downs if things pick up. Its clearly a speculative mine in the current environment, I would have thought atlas had learnt it lesson spending large sums of money opening new mines.
Put it on hold, ramp up webber and lower overheads. The lenders can then still continue to cash out their billions of shares slowly on the stockmarket and continue getting paid interest on the money they are owed as well as receive capital repayments from mount webber profits
keep it simple stupid, CD is not going to help
AGO Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held
