I said this a few weeks ago but i will say it again... I question whether Atlas is worth more than $4 given current production. The catalyst however is the sale of the MAG projects, which i really wish would go away soon.
Good i guess to see the article a week or so ago about the breakdown in talks between DF and China over the projects, i guess that means Atlas are still working on these.
The question i have is where is the cash going to go , I would hope sorting some more Port would be a good idea. MGX is the same ATM cash cow, over $300 mill in the bank , but exactly where its going is unknown.
cheers Snake
AGO Price at posting:
$3.35 Sentiment: LT Buy Disclosure: Held