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4.5¢ atlas iron limited

I can't see the market liking the nearly 10% increase in FY cash...

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Turnaround13

413 Posts.

29/08/17

09:00

Post #: 26824884
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Originally posted by mickban ↑

My take on this.

Positive:
Focused on continued debt reduction
Atlas has long-term contracted capacity of up to 13mtpa at Utah Point for 10+ years
Corunna Downs C1 cash cost of $37 - 43/wmt

Negative:
2018 FY guidance of Full cash cost (A$/wmt CFR China) $54-$58. This is an increase in cost to the current $53
Production of 14.4mt in FY2017 (FY2016: 14.5mt). Couldn't they have squeezed out another 100, ooo??

Net profit after tax of $48m (FY2016: loss of $159m). Nice turn around for sure. But does a 48m profit attract the big players? we will soon see.

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I can't see the market liking the nearly 10% increase in FY cash costs!!! No good...Every other miner is decreasing their costs and Atlas increases!!!WTF!!!!

AGO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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