Utah Port sale pushed till after election?
- In opinion. Rightfully so, terms should sensibly favour juniors in the event of the sale to ensure costs remain low and prices wont be jacked up, juniors get first dibs on its access and to accommodate times if a miner had to cease operation and restart production again.
This makes sense to me and will ensure Atlas remains competitive and protects 'local' jobs and competition. Utah Port was designed for local producers and Atlas was key in the $300m Utah Port Stockyard 2 development to expand. (Will Atlas get a slice of the sale to further pay off debt?) Utah Port IS and WILL remain its sole purpose of supporting juniors, sale or no sale.
Another reason why Atlas is here for the long haul contributing to the Australian economy, profitable and paying off its debt by next year.
At 1c per share, the investment world has literally fallen asleep with their head-on the table.
Atlas Iron SP cannot stay at lows forever. Its inevitable to take off while quietly in the background we have:
1. A profitable cash generating IO producer. 30-50+ million per quarter profits.
2. Debt being quickly eliminated
3. Government support
4. Lithium potential
5. Options and potential to lower costs further regarding transport.
1c! Hello world! This stock is a diamond in the rough for sure.
Mulitbagger from here is an understatement...... DOYR
AGO Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
