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AISI304

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AISI304

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Wednesday, 02/08/2017 9:15:15 AM

Wednesday, February 08, 2017 9:15:15 AM

Post# of 40
Atlas Iron's Tentative Turnaround - Financial TImes 1/15/17

http://www.afr.com/business/mining/iron-ore/atlas-irons-tentative-turnaround-20170113-gtrbl4

Atlas is an independent Australian iron ore company, mining and exporting Direct Shipping Ore from its operations in the Northern Pilbara region of Western Australia.

"That Atlas Iron could be in a net cash position within a few months is staggering."

"Most of it comes down to the gradual recovery in the iron ore price to about $US80 a tonne and the impact that price has on Atlas' profitability and restructured balance sheet."

"Making cash - Atlas' first market announcement in 2017 reflected its newfound position well. The junior said its cash on hand increased by $39 million to $134 million during the December quarter."

Nothing I say, post, or do should ever be considered financial advice. It is just my personal opinion. I may be holding a long, short or no position. I am NOT or NEVER have been compensated to post on here and my posts are for entertainment purposes only.

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