Fairness - General Points to Consider, page-2

First 2 Last

Share
Profile

Follow
rcman

9,381 Posts.

99

17/04/18

13:12

Post #: 32502889
Share

Originally posted by groundhog2 ↑

But they may be taking out of play the weaker holders perhaps. Reducing their numbers. People may not understand the true potential of our company. They need to look back over the entire history of Atlas to see how our profits (that were rightly ours and the majority reinvested back into the company) and money has been spent to build our business (including our entire workforce) up to where it is today. We have are our asset base and now a diversified business. People with an agenda talk about our stranded iron ore assets but given the fact that iron ore is a finite resource - and most likely that the Pilbra and other areas have been explored for iron ore and further depleted - our entire business, assets (both tangible and intangible) and resources have to be fairly valued. If the iron ore cycle turns, opportunities for expansion for us will arise. Looking back through Atlas history that is exactly how the company expanded. in the first place. Shareholders need to remember that Atlas went from zero resources in 2004 to being approximately a four billion dollar company in 2008 and again in 2011 - before I believe even Mt Webber was developed and resources found at Corunna Downs (do your own timelines). Then there are the other resources eg Lithium. We need to cast our minds back to the debt for equity swap - why did management fight so hard to ensure that our company did not go into liquidation. Did they know the real value of our company?????? DYOR

Expand

Im not against the deal, just not pleased with timing and price. Should offer 3.8c as per 8 reports and i wold accept

AGO Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

D3E

D3 Energy begins seismic program at Nooitgedacht in South Africa

AS2

Capital Compass: Askari Metals advances Ethiopia strategy as permitting remains key focus

ASX Today: Lovisa and Woolworths soar as earnings season creates big winners and losers

TGN

Tungsten has soared +700% YTD, the US is curbing its exports, and this ASX stock is targeting production in Q1CY27

NEC

Nine Entertainment posts profit lift, pivot towards digital

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Fairness - General Points to Consider, page-2

Top Stories

D3 Energy begins seismic program at Nooitgedacht in South Africa

Capital Compass: Askari Metals advances Ethiopia strategy as permitting remains key focus

ASX Today: Lovisa and Woolworths soar as earnings season creates big winners and losers

Tungsten has soared +700% YTD, the US is curbing its exports, and this ASX stock is targeting production in Q1CY27

Nine Entertainment posts profit lift, pivot towards digital

Featured News