AGO
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0.00% 4.5¢ atlas iron limited

I agree with podge re BHP takeover likelihood. Atlas has a...

  1. Blythefan
    4,447 Posts.
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    02/12/08
    00:02
    Post #: 4562106
    I agree with podge re BHP takeover likelihood.

    Atlas has a fantastical unicorn pooing rubies behind a chocolate bush "1Mtpa" rate of mining, and 27Mt of DSO resources and a sodding great chunk of magnetite it admits it wants to flog (but no one has the ~$500M? they ant for it) but it does not have the long mine-life low-cost structure or deposit or ANYTHING which fits BHP's idea of a "world class asset". Trust me, I've worked for majors, they would belly laugh at Atlas and wish it good luck.

    Aquila, maybe. IOH, barely. OMH, mebbe.
    AGO Price at posting: 70.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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