If the answer to question 1 is “no”, is there any other explanation that Atlas may have for the recent trading in its securities?
Atlas is aware that the iron ore price has improved slightly overnight. This has the potential to improve Atlas’ margins on the iron ore product it exports from Port Hedland in Western Australia. Atlas flagged in its Annual General Meeting presentation (released to ASX on 21 November 2016) that it expects to complete its Corunna Downs DFS by the end of the December 2016 and release an ASX announcement on this.
Foreshadowing the upcoming quarterly??
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