Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

IO futures, page-56

First 56 Last

Share
Profile

Follow
Michaeljob

5,209 Posts.

3267

13/02/17

21:32

Post #: 22581674
Share

Originally posted by fumoy ↑

only 1.5mt hedged for March 2107 at A$96, thats 37.5% of 4mt a qtr not 75%
that leaves 2.3 mt unhedged we can capitalise on

btw do u know if there is any tax or royalties on these final figures?
I figure/guess there may be no tax for a while and at yesterdays prices I got an eps of 5c or 3c taxed at 40%.
eg 407/9145 is 4.4c eps or ebitda?

Expand

Originally posted by fumoy ↑

Last qtr report
"To assist in managing volatility in iron ore price Atlas has continued to hedge a portion of its forward production. At the date of this report, Atlas had swaps for approximately 1.5M WMT of March 2017 Quarter sales and 0.6M WMT of June 2017 Quarter sales at an average 62% Fe equivalent level of A$96/DMT. This compares to the A$94/DMT 62% Fe average price for the December 2016 Quarter."

Expand

ousxqwudxvucio bn dc nx!!!!

If that is correct and only 37.5% was hedged at US $80 (AUD96) with the rest being sold into the surging spot market then shi$ is about to get real as in clear the debt this 1/4 with 130-140m profits real......

AGO Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

First 56 Last

Add AGO (ASX) to my watchlist

SPONSORED BY