RE: Profit at CU £4200t31 Jul 2021 09:28
I fail to see why atlas are being hailed a problem,
It’s s debt, who doesn’t have a debt, the Bp asset is (as it stands) is worth 10x the debt,
Asset backed finance may be just around the corner given the recent high level JORC confirmation, there is no reason to go to this expense unless it is to satisfy a lender,
Atlas interest being paid from production, Net profit now we are in the 2nd half, a fully staffed mine with workers wages increased, reinforced bridge to carry AP’s huge 7.5% over,
Now is a better time than any to be in here IMO
Another month closer tomorrow……
Happy Saturday folks.