AGO - Atlas Iron

[tigerboi]

Re: AGO-

Maung,

If your post is taken from another source you must provide a link for copyright reasons. If no link is provided the post will be removed.

Thanks

prawn

this would be it here prawn...tb

All eyes on BHP iron call

http://www.thewest.com.au/default.aspx?MenuID=3&ContentID=122389

the rest of the story:
This year’s benchmark price is set to fall sharply, with analysts tipping a drop of between 20 per cent and 40 per cent, or down to about $US87/t. The relatively weak Australian dollar should offset some of the fall.

Fortescue said more price adjustment was likely in anticipation of a lower 2009 Pilbara benchmark, and pointed to spot prices 20 per cent to 25 per cent below the benchmark.

But Fortescue also flagged that spot prices were on the rise, a welcome sign for an embattled industry hoping that BHP reports the same trend.

BHP chief executive Marius Kloppers is also expected to be quizzed again about the miner’s sudden decision last month to axe the loss-making $2.2 billion Ravensthorpe nickel mine.

BHP has said it does not expect to reopen Ravensthorpe. Mr Kloppers is likely to be asked about future plans for the site, and whether it will be sold for scrap metal like the failed Boodarie HBI plant at Port Hedland.

 

[Sean K]

I can't make heads or tails out of what price they're going to achieve with this offtake agreement, but you'd assume the news of the contracts will force it up through this nice handy triangle.

16 March 2009
ATLAS ENTERS INTO LONG TERM OFF-TAKE AGREEMENTS FOR FURTHER 50% OF PARDOO DSO

Atlas Iron Limited (ASX Code: AGO) is pleased to announce that it has entered into two new long term off-take agreements with two medium-sized Chinese steel mills. The two off-take agreements account for 50% of iron
ore that will be produced from its 100%-owned Pardoo DSO Project for the three year period to 31 March 2012.

The execution of these two off-take agreements follows Atlas’ maiden off-take agreement in respect of 30% of the iron ore that will be produced from Pardoo, announced in December 2008. As a result, Atlas has now entered into three off-take agreements for 80% of its Pardoo DSO product for the next 3 years. A further offtake agreement for the remaining Pardoo volumes is expected to be executed shortly.

Key terms of the two new off-take agreements are as follows:

• Price referenced to the long term benchmark, with pricing relativity achieved reflecting the strong competition to secure access to Atlas tonnage;
• An adjustment mechanism which applies only in the event that spot prices and benchmark prices materially diverge. Once activated this mechanism serves to adjust the sales price mid-way to the spot price, in order to maintain the fairness of contract pricing to both parties; and
• Ore sold on a delivered basis, with freight to be arranged by Atlas and reimbursable by the customers.

 

[adobee]

This very positive news for Atlas however some figures or commentary on what they have actually signed up would be great.. I picked up 10k at open today at 1.21 .. we will see what happens when the news get some more exposure in the papers tomorrow..

 

[justiceotp]

Yes nice one Atlas still holding and hanging on for a long time. Im really impressed by management of this company through these times.

 

[adobee]

Really surprised by the lack of movement .. up 5% from open yesterday but geez you would think 80% offtake agreement they would be going gang busters... Perhaps we will need to see some income streams before they really take off... A good opportunity to get in still as they are trading pretty much the same as before the agreement was signed..

 

[maungatapu]

Really surprised by the lack of movement .. up 5% from open yesterday but geez you would think 80% offtake agreement they would be going gang busters... Perhaps we will need to see some income streams before they really take off... A good opportunity to get in still as they are trading pretty much the same as before the agreement was signed..

Now that AGO has off take agreements for 100% of its Pardoo DSO till 2012 most punters will be waiting for the benchmark price in early April, IMO.

 

[adobee]

pre open pending announcement ... will be interesting..
I jumped out yesterday at around 1.17-1.18 to free up some cash... so will see how lady luck looks on me..

 

[adobee]

Well AGO looks to have broken some resistance today.. will be interesting to see where this closes up.. I picked up 5000 when pushed past 1.51.. sell side looking pretty week so fingers crossed it hasnt been pumped and gets dumped just on close .. Good potential of a strong breakout however..

 

[adobee]

Trading Halt for resource upgrade... looks like other people new with the large increase in trading last week... see what happens..

 

[SM Junkie]

I would love to see a TA's thoughts on this stock? I would really appreciate someone taking a look at the charts.

I love Atlas, great news keeps coming, but the stock seems to give up most of it's gains, like today for example. The fundamentals are great, but I just can't make any sense of the chart. I would appreciate the help.

 

[adobee]

Cap raising today... Yet to see the details.. could work either way for AGO.. last time there was a cap raising the share price went crazy after following a broker upgrade... not so sure inthe current market however..

 

[lyn1312]

I have so much faith in AGO - maybe they got someone to do the Ridley Magnetite joint venture that they are wanting....maybe they discovered another massive load of top quality ore...these are my favourites of all my stocks...keeping the faith..can't wait to see what the announcement is!

 

[adobee]

They have suggested that following the cap raising and a ramp up in production they will produce $100m per year... Cap raising around 10-15% discount.. I am interested to see how this opens following.. If looks positive I will try and jump back in as I think they will get some more attention..

 

[kam75]

Mr

Goddamn it, how long is this crap gonna take?? I thought the trading halt was to be lifted on thursday and now this ****. Suspension. So annoying.

 

[lyn1312]

OK -some information that may be of interest (google it yourself) The West Australian "Herd on the Terrace' 13/06/09.
I'm not sure of the legal aspects as far as quoting stuff from the media but I'm not about to tempt fate so DYOR.
For me personally - this company is only going to go one way ..... and that is UP!

 

[Sean K]

OK -some information that may be of interest (google it yourself) The West Australian "Herd on the Terrace' 13/06/09.
I'm not sure of the legal aspects as far as quoting stuff from the media but I'm not about to tempt fate so DYOR.
For me personally - this company is only going to go one way ..... and that is UP!

You can post a link and a summary of the article Lyn.

I'm sure the only direction this company will ever go is UP!

Good luck with your investments.

 

[acouch]

good morning,
thought i would post a AGO chart for those interested,
hope this is of some help.


have a nice day
ac

 

[Kuri]

good morning,
thought i would post a AGO chart for those interested,
hope this is of some help.


have a nice day
ac

For those of us that don't have a high level of charting skill are you able to analise the chart a bit and give us your take on it?

Thanks
Kuri

 

[acouch]

For those of us that don't have a high level of charting skill are you able to analise the chart a bit and give us your take on it?

Thanks
Kuri

l would be looking for this to head for 4.29, then a retrace, once over the 4.29 i would be looking for 7.00

support 1.15

hope this is of some help
ac

 

[adobee]

You can post a link and a summary of the article Lyn.

I'm sure the only direction this company will ever go is UP!

Good luck with your investments.

I cant find this article.. rather I just come up with this post in google and another forum..

Can you please give some more details..