Atlas will starting drilling again after 2+ years. It looks like...

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rahonui

483 Posts.

16/03/17

20:37

Post #: 23413245
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Originally posted by frader ↑

What a whinging waste of time this thread has become.

Cut the bulls###, facts on what is weighing on the share price:

- 6 May 2016: 71 lenders accepted 6,229,503,087 shares (not a typo) bond holders, creditors etc as a debt restructure. [At the time, bond holders/creditors were potentially looking at a cents per $ return on their lending/debt]. Instead, they received 6.2billion shares at an average price of 2.3cents + a free AGOOA option.
----- Again, they were looking at cents in the $ return in May 2016 and received shares. These people are happy they got out of all the mess. -----

- AGOO & AGOOA options are a massive weight on the current shareprice. I keep saying this, If you are a shareholder, why on earth would you want the options to be exercised?? The trade off is dilution for cash. As a shareholder, i dont want the options to be in the money because i dont want my holdings to be diluted when we are making such good cashflows (enough to pay off debt, enough to bring CD into production, enough to pay our bills etc). It is an indirect capital raising which is just not needed.

- Capital costs to bring Corunna Downs into production.

- IO recovery is still underway.

I feel most of the people complaining are short term traders / new faces wanting to make quick $$$ overnight. Go somewhere else please. These threads used to be much more valuable.

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Atlas will starting drilling again after 2+ years.

It looks like a large holder is unloading at 3.5c.

I do not think there are many companies listed on the asx at a 320mil valuation that are making 20-30 million dollars profit a month.

AGO Price at posting: 3.4¢ Sentiment: Buy Disclosure: Not Held
12 Upvote

0 Great analysis

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Atlas will starting drilling again after 2+ years. It looks like...

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