Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

0.00%

4.5¢ atlas iron limited

Write up in the Australian, page-3

First 3 Last

Share
Profile

Follow
TraderRR

13,640 Posts.

371

14/11/16

01:18

Post #: 20585717
Share

Originally posted by Haplo ↑

Atlas rises

One thing that can be said about the spectacular improvement in iron ore prices is that Atlas Iron(AGO) is no longer the basket case it was when prices sank below $US40 a tonne late last year.
The Pilbara producer’s shares scooted 0.5c or 29 per cent higher to 2.2c on Friday, giving the former high flyer a market capitalisation a tick over $200m. Prices for the type of material Atlas produces rocketed 12 per cent higher to about $US69 a tonne on Friday in response to the Trump-the-builder thematic, as well as the impact of the China construction stimulus. Atlas’s full cash costs in the September quarter from its annualised production of about 16 million tonnes was reported at $A50 a tonne ($US37.50) and it was able to generate $A24m from operations from an average realised iron ore price of $A56 a tonne. Assuming prices hold at current levels, the group will be able to clear its net debt of $89m in a flash. What then? Dividends? Who would have thought.

Expand

Thanks for posting that up
We are in for a huge ride imo
Dividends = ratings upgrade= investment grade = Instos buying in= share price appreciation
Going by fridays volume and share price tick off daily high and the huge 20-30m buys some funds are already buying up imo

Cant wait to see tomorrows open

TraderRR

AGO Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus