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4.5¢ atlas iron limited

A very hard call indeed.. Like many here, I lost heaps on this...

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ML173

9,599 Posts.

310

05/08/15

16:03

Post #: 15755932
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Originally posted by AverageJoe ↑

If you held prior to the TH then what choice do you have? Would you prefer for a complete right off from that investment or average down by participating in the desperate cap raise and then hope that IOP can recovery to give the company another shot from a death experience. Not an easy decision.

Look at Mcaleese their haulage contractor, not just this contract is at stake but another of their client has gone into admin meaning no full recovery of revenue for on going work done. You can understand they are also trying to revive their chances of continuing their revenue stream as well as not losing what has been owed for work done. I am assuming Mcalesse has owings from AGO at the TH.

Personally if I were a holder prior, I rather not take additional risk and put that additional funds to other investments but each holder has a specific set of circumstance that is different in size and reasoning which makes a market.

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A very hard call indeed.. Like many here, I lost heaps on this one even at the exit price above 10c...

Decided it was not worth to throw good money after the bad investment..

Not sure if it is a good sign to see Tomboy still gangho on AGO

good luck holders..

AGO Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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