Atlas now has the port capacity and the iron ore resources and reserves to establish itself clearly as Australia's premier mid tier iron ore miner behind FMG. It doesn't have a rail deal though.
I cannot see the logic behind more acquisitions although I do not have the foresight of our excellent CEO David Flanagan. Still, I would prefer to see his focus shifted to establishing a rail deal and returning money via dividends to the owners of the company.
AGO Price at posting:
$3.17 Sentiment: Hold Disclosure: Held