AGO 0.00% 4.5¢ atlas iron limited

Large rerate on lower volume, The yankee sellers got caught with...

  1. 2,060 Posts.
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    Large rerate on lower volume,

    The yankee sellers got caught with their pants down and ran off. Good ole Ozzie Instos come to the rescue.
    Spiked into close and rebalancing has been a buy opportunity for Instos barred from AGO for years since it was out of the ASX300.
    Now its well undervalued versus MIN FMG RIO BHP BCI on sales income, Tonnes produced comparative to Mcap

    Should see solid buying to rerate it to MINRES equivalency now collapse and debt issues are resolved with strong cashflow and margins.

    The yankee bondholders and now scratching their heads wondering why sell at 3.1c when they can get 3.5c-5.0c, or now they are near free carried they can ease off the sell button.

    Long live the Pilbara & Australian mining!
    We owe it to our kids to keep this in Australian hands,
    time for a takeover bid by MINRES or FMG at 5.0c imho to set the cat amongst the pigeons.
    Something smells fishy here.
 
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