Atlas needs the IO to bounce and bounce dramatically or the AUD to fall and fall dramatically to potentially change market sentiment towards it.
Right now I am not sure if management can do anything, what can they announce that will change sentiment if IO hovers around these prices? I had hoped management had plan A, B...C but if it isnt implemented already then it might be too late to implement (as can be seen by the shareprice) or they didnt think things can get so bad so quickly (only cost cutting now).
AGO Price at posting:
21.0¢ Sentiment: None Disclosure: Held