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25/10/18
14:19
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Originally posted by rowliegb:
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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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Quarterly still shows the business losing money. Operations might offer $1-$2M/month but overall going backwards. Gina's not buying this for its ability to generate cash...