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

Iron ore price, page-2994

First 2994 Last

Share
Profile

Follow
Tcb007

20,324 Posts.

2668

27/07/17

20:49

Post #: 26125866
Share

Originally posted by Samboy69 ↑

This is the consequence of 9B shares on issue, heavy discount on IO spot price which reduce revenue and margins and cash at bank and a lack of share buybacks.

The discount on AGO sold IO is heavy and if the hedge is not the cause then its bad management.

All of you rampers on here have been sadly disappointed as I pointed out the share price is 1c lower and due to AGOs lower priced IO sales/bad hedges it cant get out of its hole regardless of the surging spot price.

If 1 August comes around and they do NOTHING again then expect another selloff.
If they start share buybacks and paydown $21M in debt then that may spark a share price rise upward. Inaction will mean stalemate till December at this rate.

$101M cash v $103M debt = -$2M net debt
It should have been +$20M surplus cash to debt right now but the realised IO sale price has been abysmal and the hedged sales even worse.

This cant be sugarcoated hence 1.8c remains for 9 days despite Q4 r

Expand

How many shares on issue were there wen it ran to 5c a few months ago?

AGO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR

EBR reaches review milestone for wireless cardiac pacing device

There are more pages in this discussion • 7,497 more messages in this thread...

First 2994 Last

Add AGO (ASX) to my watchlist