AGO 0.00% 4.5¢ atlas iron limited

I wrote awhile back warning holders on this one, the iron ore...

  1. 1,496 Posts.
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    I wrote awhile back warning holders on this one, the iron ore price since has clearly gotten worse.
    Every tonne AGO produces is losing money at current levels, Chinese port stockpiles are rising towards record levels again with no visible restocking decrease this year. Roy hill coming online sep 2015 potential 55mt+ production per year, while all the majors are finishing expansion projects and sweating more production from existing operations. Chinese steel production faces YoY decrease this year and next.

    Doesn't really matter what the share price if you got the above going for it. Quoting Harry, do you feel lucky? Because that is pretty much all this company has got going for it. Money not lost is money earnt. P.S I have no shorts
 
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Currently unlisted public company.

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