AGO 0.00% 4.5¢ atlas iron limited

Quarterly, page-3

  1. 3,631 Posts.
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    Hmm that would be a good result 16-20m. However some here have been quoting much higher.
    Nevertheless, RCman quoted 3-6 milion ..lol. Hey rc are you still sticking to that?

    I reckon if its less than 10 the shares will get sold off a bit. Above 20, they will go up.
    However most of the profit in the report might be from hedging, hence who knows how the market
    will view the result.

    Im looking into the future though, past the announcement. At the moment fines are making a profit at this IO level, which is great and Atlas should be hedging them.

    On the other hand, lumps are plumbing lows. They cannot stay at this low level, surely, in regard to
    the pollution controls in China. Lumps I imagine, have to go higher? Anyone here have an opinion on this?

    I sold out my position yesterday, and will get back in if it goes down a pip or two. If it goes up I will
    reassess. Im still very positive on the stock.

    cheers tbs
 
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