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4.5¢ atlas iron limited

Keep debt, page-2

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badhan

3,978 Posts.

171

02/09/17

00:05

Post #: 26946033
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Originally posted by thebeautifulstyle ↑

Forget about the debt being paid off. Keep it, especially as the MD is
trying to restructure it.

Do you guys know how hard it is to get funding for new projects?

I think they wont pay any of it off, and here's why:

What happens when Atlas wants to fund new projects in order to diversify??????
Do they look to take on new debt.... again??

There are many companies out there in limbo waiting for Debt, and you guys
want Atlas to pay it down???
Look at AJM, they've been waiting over 12 months for a loan
to start mining. Its not easy to get finance.

I say keep the debt (and I think the MD is with me on this). And use the money in the bank
to invest in new mines.
Others may have different views, only time will tell how it pans out.

Expand

I am with you but by restructuring the debt not as term B loan.

AGO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Not Held
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