AGO
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0.00% 4.5¢ atlas iron limited

$21m in earned interest on $350m @ 6% pa in the past 12...

  1. wipper
    1,341 Posts.
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    25/07/12
    10:35
    Post #: 10477719
    $21m in earned interest on $350m @ 6% pa in the past 12 months.

    Maybe Australian expansion is not a good idea. Alternatively management could conserve cash - wait for the inevitable crash, and buy hematite (not magnetite - such a waste of money as AGO has shown) assets at the bottom. Maybe in West Africa, since those assets will be a fire-sale prices soon.
    AGO Price at posting: $1.70 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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