It's hard to remain bullish when you are sat on a 65% loss, as i...

It's hard to remain bullish when you are sat on a 65% loss, as i am, but bullish i still am!! The way i see things is in the last quarter:

- Atlas' production dropped as Wodgina closed up
- Atlas shipped less due to ridiculously abnormal levels of rainfall in the Pilbara
- Atlas suffered due to the abnormal discount applied to 58%fe due to coking coal being abnormally expensive resulting in the buyers opting to by 62%fe to not have to buy as much coking coal
- Atlas suffered due to the forward hedging of their IO as the benchmark price took EVERYBODY by surprise (yet how sweet is it now that Atlas have forward hedged 1m tonnes at $94AUD benchmark for the next quarter following the crash in IO price )

In simple terms: Atlas had a bad quarter. Anything that could have conspired against them, conspired against them. In a terribly bad case scenario, they still paid off $8m off their term B loan!! As Corunna Downs ramps up, costs settle down, the rain subsides, the price of coking coal comes back to normal levels, the discount comes back to normal levels, the forward hedge pays in our favour the good days will come back. And that's not to mention our FREE Lithium exploration. Keep it real yeah