How clever they are .... NOT... Oh and I am not having a go at you Mk74 ... just them !!
As a result, it said its modelling showed Atlas' cash position was "forecast to become very tight from January 2017 through to April 2017".
With IO prices highest in 2+ years during this period they couldn't be more wrong ? hehe
However, PPB said it appeared Atlas would have sufficient cash to support the business until April 30, 2017.
Every man and his dog know Atlas will be fine in April and at least if nothing else have a "net debt of zero" ... It's not rocket science ...... and IO average of $48 for 2017 ?? Pfft !!
Iron ore price, page-730
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