mentioned as a t/o target, page-2

Sinosteel appears to have bailed out of Oakajee.
Atas must look a compelling target for them.
Share price is depressed.
Ready made port.
Excellent resource base in DSO.
They have the funds to make Ridley a reality.

They have the funds and motivation to open up Waricks tenements were no doubt untold riches will be found .
D/F has already stated he will fight tooth and nail to keep Atlas, so you would have to think their concerns are serious .
Just a penny for your thoughts