AGO 0.00% 4.5¢ atlas iron limited

Fairness - General Points to Consider

  1. 2,135 Posts.
    lightbulb Created with Sketch. 175
    But they may be taking out of play the weaker holders perhaps. Reducing their numbers. People may not understand the true potential of our company. They need to look back over the entire history of Atlas to see how our profits (that were rightly ours and the majority reinvested back into the company) and money has been spent to build our business (including our entire workforce) up to where it is today. We have are our asset base and now a diversified business. People with an agenda talk about our stranded iron ore assets but given the fact that iron ore is a finite resource - and most likely that the Pilbra and other areas have been explored for iron ore and further depleted - our entire business, assets (both tangible and intangible) and resources have to be fairly valued. If the iron ore cycle turns, opportunities for expansion for us will arise. Looking back through Atlas history that is exactly how the company expanded. in the first place. Shareholders need to remember that Atlas went from zero resources in 2004 to being approximately a four billion dollar company in 2008 and again in 2011 - before I believe even Mt Webber was developed and resources found at Corunna Downs (do your own timelines). Then there are the other resources eg Lithium. We need to cast our minds back to the debt for equity swap - why did management fight so hard to ensure that our company did not go into liquidation. Did they know the real value of our company?????? DYOR
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.