AGO 0.00% 4.5¢ atlas iron limited

nice time for quarterly, page-29

  1. 707 Posts.
    lightbulb Created with Sketch. 10
    I agree something is not right with the sp response but also want to clarify for the benefit of others ---Operating cashflow was $71m - not earnings (net earnings are probably around $20m for the qtr which we will find out in due course), of the $71m - they spent it on development assets (which is a long term good thing)so they are cash flow neutral for the qtr.
    Yes $400m in the bank provides a nice buffer but in fairness they have $260m or so in debt - so net $140m cash ($0.15 per share).
 
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