AGO - Atlas Iron

[tigerboi]

Re:AGO/BMY SOUTH LIMB...

Heres one map which is the south limb of ago with brumby in the middle of ago/bhp...frogen ill throw a few more up here for you to see...tb

the most southern bmy ground is the southern limb which runs to ago's ground...

had this map for ages,see where it says atlas pardoo,with brumbys all east of that ground...

atlas going by road,brumby going by conveyor...5 mins to port...tb

 

[tigerboi]

ReARDOO MAPS

Heres another pardoo map of atlas irons area,brumby resources close by between ago & bhp,greenfields coastal exploration from their goldsworthy/pardoo tenements to telyagel...tb

Atlas iron pardoo................................brumby up here

 

[frogen]

Hey mate i know where brumbys tenements are....5 mins = the conveyor they are going to use to get their product to their "port"...that comes from bmy management...tb

you obviously havent seen the maps ive posted on the brumby thread,go see...

Tigerboi,
I have seen the maps before and BMY do have some very good IO ground beside AGO. I don't doubt any of your info but I hadn't heard of the 'transport by conveyor to port '.
You said from BMY management, was that in a quarterly report, or an ann ? I missed it ! Before I invest, I like to be aware of all the facts that are publicly available. No offence intended

 

[adobee]

Atlas is getting some good coverage in the finreview it has been in the past four or five days now.. article on it being the first on track to make it as a producer from all the juniors, article on the train line and ports, article today on one of the directors also being appointed on moly mines..

Share price has been lagging over the past weeks with a lack of news and also the market as a whole.. hoping for something positive to come out soon and kick it back up..

 

[michael_selway]

Atlas is getting some good coverage in the finreview it has been in the past four or five days now.. article on it being the first on track to make it as a producer from all the juniors, article on the train line and ports, article today on one of the directors also being appointed on moly mines..

Share price has been lagging over the past weeks with a lack of news and also the market as a whole.. hoping for something positive to come out soon and kick it back up..

Yep this is part of that article

Date: 11/6/2008
Author: Cathy Bolt
Source: The Australian Financial Review --- Page: 6
Atlas Iron MD, David Flanagan, has spoken in favour of a tentative plan to allowjunior miners to access the Pilbara iron ore region's rail infrastructure.Flanagan said the draft third-party haulage regime would increase the viabilityof at lease five mining companies and could contribute an additional $A400million in royalties to Western Australia (WA). According to Flanagan, the dealstill has "a long way to go". WA Treasurer, Eric Ripper, said he hopedto establish a regime that would prevent owners of infrastructure assets fromexerting monopoly powers

thx

MS

 

[rob]

Share price has been lagging over the past weeks with a lack of news and also the market as a whole.. hoping for something positive to come out soon and kick it back up..[/QUOTE]

Thursday, 19 June 2008
Colin Jacoby

IRON ore hopeful Warwick Resources’ share price jumped 19% in morning trade after Atlas Iron upped its stake in the company to 19.54%.

Warwick stocks gained 8.5c from yesterday’s closing price of 45c to hit an intraday high of 53.5c in morning trade with over half a million shares changing hands by 11am EST.

In a shareholder notice released on the Australian Securities Exchange today, Atlas purchased almost 5 million shares in Warwick on June 16 for around $1.14 million, increasing its shareholding in Warwick from 13.4 million shares (15.33%) to 18.4 million shares (19.54%).

The news follows Warwick’s announcement in April that it had entered into a strategic alliance with Atlas for the exploration and development of its iron ore projects near Newman in Western Australia’s Pilbara region.

Under the agreement, Atlas will acquire a 19.9% stake in Warwick through a share placement and the acquisition of existing shares at 23c per share.

Meantime, Warwick announced yesterday it would bring forward the scheduled drilling of its largest iron ore target at Woggaginna to later in June.

The project lies 55km southeast of Newman and 35km south of BHP Billiton’s Jimblebar iron ore mine and railway in the Pilbara.

Shares in Warwick have cooled to 52c in late morning trade.

Nice to see things are starting to move up.

 

[adobee]

I think it has held pretty well considering there would have been a fair bit of trading going on.. I am reasonable confident that there is a new base at around $3.60 .. I think on the next firm up of more resources and as we get closer to production a push above $4 with $4 as a new bottom will be nice..

 

[SM Junkie]

Didn't Atlas take a hiding today with a 41c drop, very sad to see. Certainly hope we don't see further drops tomorrow, I only take solace in the fact that we were not alone. I only saw red today in my portfolio.

 

[LeeTV]

Didn't Atlas take a hiding today with a 41c drop, very sad to see. Certainly hope we don't see further drops tomorrow, I only take solace in the fact that we were not alone. I only saw red today in my portfolio.

Taking in to account how some of the other major and junior reource stocks did today Atlas is around the average mark. I don't think the downtrend has quite finished(for stocks in general) from what I have been reading and some of the analysts views. Tomorrow may be a black friday indeed
Regardless of what happens in the short term I will hold as Atlas is finacially sound and gearing up to produce soon.

 

[adobee]

I pulled out at around 3.70... I still like it but am not a big fan of the current market interest.. will buy back in again if goes below $3 or if I see some interest re forming..

 

[adobee]

I hope for the holders this bounces a bit tomorrow or I dont know where we are going to see it go.. I am watching closely as buying opportunity.. what a shame they didnt capitalise a bit on the last run and get some more information out there.. starting to look like a good buy as the next iron ore producer coming on line..

 

[Motogoon]

I got rid of about 3/4 of mine at 3.95, glad i did now, but still kept some for the long term because i'm sure its got a lot more upside yet.
I'd like to get in again at these seemingly cheap prices but the way everything gets sold off when the US market drops is just freaking me out!

 

[wildmanchris]

Makes no sense that it has been sold off so hard - but then again it doesnt really make sense that most of the shares are getting sold off hard. I first put AGO on my watch list at $1.00 and never took a punt, so I feel like it is doing the right thing by me now and coming back.

As the share price drops - the $6 price target on it looks better and better to me!


Waiting patiently for entry.

 

[andy87]

Makes no sense that it has been sold off so hard - but then again it doesnt really make sense that most of the shares are getting sold off hard. I first put AGO on my watch list at $1.00 and never took a punt, so I feel like it is doing the right thing by me now and coming back.

As the share price drops - the $6 price target on it looks better and better to me!


Waiting patiently for entry.

im in your boat chris....been seriously watching AGO for the last month waiting for the right buy in opportunity

 

[LeeTV]

Well the announcment today that the commencement of exports from Pardoo will now be delayed till December went down like a lead balloon much like the sp, down 9%

If you were waiting for the right opportunity to get in andy87 I think it has just about shown itself.

Tuesday, 22 July 2008
PARDOO PROJECT DEVELOPMENT UPDATE
Atlas Iron Limited (ASX Code: AGO) is currently developing the Pardoo Iron Ore Project, located 75 kilometres east of Port Hedland in the Pilbara region of Western Australia. Recent developments include;

COMMENCEMENT OF EXPORTS FROM PARDOO DELAYED TO DECEMBER 2008
HAULAGE CONTRACT AWARDED TO INTERNATIONAL ENERGY SERVICES PTY LTD (GOULDS TRANSPORT)
PREFERRED CONTRACTOR STATUS CONFIRMED FOR CRUSHING AND SCREENING OPERATIONS
MINING CONTRACTOR (CDE CAPITAL) PREPARING FOR MOBILISATION

An appeal has been lodged with respect to conditions recommended by Environmental Protection Authority’s Pardoo Project Bulletin. Based on Atlas’ interpretation of recent advice received from the State Government’s Appeals Convener in relation to this appeal it appears likely that it will result in a delay to the target date for first iron ore export from the project from October 2008 to December 2008.

The appeal is based on matters which Atlas and the EPA in its Project Approval Bulletin consider have been adequately addressed by both parties during the Public Environmental Review period. Atlas therefore expects the appeal to be dealt with expediently by the Appeals Convener and the Minister for Environment.

In the interim development works for the Pardoo Project are continuing with the award of the Haulage Contractor to International Energy Services (Gould’s Transport), an existing road-train haulage provider based in Port Hedland. The Tender for the haulage scope of works was highly competitive and Atlas has received competitive pricing for the intra-mine and port haulage services.
The final remaining major contracts for the Project’s development are at a mature stage, with the preferred contractors having being established for interim and longer term crushing works. Castle Equipment, a Western Australian based plant provider will mobilise a mobile crushing and screening plant to the Pardoo site for the commencement of crushing and screening operations. In the interim, negotiations are very close to finalisation for the larger plant supporting ongoing and expanded operations at Pardoo.

Negotiations pertaining to access to port facilities with Fortescue Metals Group (FMG) are continuing and following completion of those negotiations binding agreements will be entered into with off-take partner(s). Demand for Atlas’ products remains extremely high and the Company looks forward to announcing the preferred off-take partner(s) in due course.

“We view Pardoo as a ten year project so a delay of a few weeks, while regrettable, is just another step in the process and will have limited financial impact on the Company.” commented David Flanagan, Atlas’ Managing Director. “We look forward to the Appeals Convener dealing with the appeal in a timely manner, in the mean time the team are working to further expand our resources and reserves and get first ore on a ship by Christmas.”

 

[andy87]

Well the announcment today that the commencement of exports from Pardoo will now be delayed till December went down like a lead balloon much like the sp, down 9%

If you were waiting for the right opportunity to get in andy87 I think it has just about shown itself.

Yeh ive asked my broker and a few others in the stockmarket world and they said they are good for the future. Judging by their forecasts they are going to be great performers, but i cant do anything until i get rid of my other stock which has taken a beating in the last month so got to wait to b/e and ill look at AGO again.

 

[adobee]

Yeh ive asked my broker and a few others in the stockmarket world and they said they are good for the future. Judging by their forecasts they are going to be great performers, but i cant do anything until i get rid of my other stock which has taken a beating in the last month so got to wait to b/e and ill look at AGO again.

why keep holding somthing that has taken a beating unless you think it will recover... ?? I dumped half my stock when they market went south which was down 20% but bought other stocks bmy ago which were down to which i am looking for a better recovery from...

 

[stock nub]

New DSO reserves out

68% INCREASE IN TOTAL DSO RESOURCES TO 39.1MT AT 56.3% FE

174% INCREASE IN TOTAL DSO RESERVES TO 14.8MT AT 57.7% FE

FIRST DSO RESERVE FOR THE ABYDOS PROJECT AT 7.4MT AT 58.1% FE

37% INCREASE IN PARDOO DSO RESERVES TO 7.4MT AT 57.3% FE

 

[stock nub]

North West Iron Ore Alliance has secured two berths at port headland which will have the capacity for up to 50 million tonnes of iron ore exports per
annum.

Also in trading halt

maybe for offtakes?

maybe twiggy ready to sign a deal but doubt it as didnt sound too certain at diggers and dealers

 

[YELNATS]

New DSO reserves out

68% INCREASE IN TOTAL DSO RESOURCES TO 39.1MT AT 56.3% FE

174% INCREASE IN TOTAL DSO RESERVES TO 14.8MT AT 57.7% FE

FIRST DSO RESERVE FOR THE ABYDOS PROJECT AT 7.4MT AT 58.1% FE

37% INCREASE IN PARDOO DSO RESERVES TO 7.4MT AT 57.3% FE

I would have thought this would have impressed the market but AGO shares have been heavily marked down in recent days. Hard to fathom.

North West Iron Ore Alliance has secured two berths at port headland which will have the capacity for up to 50 million tonnes of iron ore exports per
annum

Indication is that this will be from 2012, so a few years off yet.