AGO 0.00% 4.5¢ atlas iron limited

sellers exhausted?, page-10

  1. 77 Posts.
    a cash impairment of $455m because sp gone down.
    so the value of the purchases is according to the daily sp not according to the actual stand alone worth.
    what happens when(if) ago sp rises to $3? does ago then revalue the asset and book a massive profit and cause a further sp rise?
    this game is total bullshit.

    ps obviously i'm no accountant.
 
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