Just to jump in here, Ken did say during the last conference call that if low prices persist Atlas has the ability to scale back production by cutting the higher cost tonnage out. Now if that means for example a cut of 50% to production for a period of time, but a saving of another $5 or so per tonne then that might be plan B or C.
If they can find a way to squeeze out some positive cash flow..better than nothing right. It may or may not come to this, but it would be good for them to elaborate to get an idea of the production cuts and proposed savings, and if it makes sense it might help stop the slide.
Yeatesy.
AGO Price at posting:
21.0¢ Sentiment: Hold Disclosure: Not Held