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4.5¢ atlas iron limited

Lithium, page-19

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sigmadelta

10,295 Posts.

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10/01/18

09:00

Post #: 30180701
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Originally posted by defabs ↑

Hi Richie,
Yep I think that is mostly the reason why. We are nearing the end now. It has been very frustrating during this whole process but we can finally see the light.

The market probably still has fresh memories of its near death experience also but time has a way of changing perceptions and the best way to do this is via AGO's strategy of the last 12+ months and continuing to pay down debt.

I am sure refinancing would be at the top of the agenda for Cliff right now. Once this is done, then the last remnants of the old AGO can be waved goodbye to and fresh financiers can enter the fray who are on board with the long term strategy of the company and understand the full value of its assets.

Cliff did say in the last announcement that the mine gate deal will be not be the last so we just need to be patient in seeing the full value of our assets get unlocked one by one.

Cheers

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I received a confirmation from IR that the priorities at the moment are :
debt reduction
growth of the existing iron ore business
diversification

AGO Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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