AGO 0.00% 4.5¢ atlas iron limited

One quarter doesn't make an investment. It highlights that the...

  1. 558 Posts.
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    One quarter doesn't make an investment. It highlights that the old Atlas (ie the one that existed prior to being taken over) cannot control it's destiny . Funny the last few quarters smelt worse than week old prawns but you never said sell within an hour of posting .

    Atlas was completely controlled by external forces mainly being USD:AUD, iron ore price and low grade discount. A good few years would have been very profitable a bad few years spelt bankruptcy. Hence why it was a very high risk high reward play. Consider risk before reward.

    If one quarters production figures studied for under an hour could persuade you to invest then I have a bridge in Sydney harbour you might want to consider buying.

    My opinion only DYOR
 
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