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4.5¢ atlas iron limited

When to expect the catch-up payment?, page-25

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rurenga

5,788 Posts.

2095

09/10/18

15:27

Post #: 36053301
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Originally posted by groundhog2 ↑

For me I will continue to hold to the end - whatever that may entail. I relevantly note that the Atlas target statement was lodged with the ASX on the 16th July 2018. At that time Hancock had an interest of 20.96% of Atlas Shares. Hancock became the majority owner on the 3rd August 2018 (holding over 50% of the shares) and today (9th October 2018) announced it had achieved the 90% threshold. I may be wrong but in my opinion some of the facts and circumstances as they exist today - particularly around ownership (after Hancock announcing it had reached the 90% threshold) are quite different to when the target statement was actually prepared. I don't know what it all means but I will do my own further research around those issues as part of my decision making processes. It is imperative that everyone does their own research and makes their own decisions. DYOR

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I did that once when IAG acquired SGIO in WA, back in 1998. SGIO was delisted, my shares were taken. 6 months later I signed the form then got the cheque. There was no benefit in hanging on.

AGO Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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