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Atlas Iron managing director David Flanagan.

Atlas boosts shipments, cuts costs

Atlas Iron has reported record shipments and lower costs ahead of creditor and shareholder meetings that will vote on a crucial debt-for-equity swap.

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Comments

Perth
Companies with too much debt just cannot survive in a volatile environment. A smart move now for Atlas to restructure the finance, but should be an example for future companies. Cash is King!

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Atlas Iron (AGO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
61stAtlas Iron187%-42%
209thMineral Resources53%19%
247thRegis Resources41%16%
397thResolute Mining9%17%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/10/17
$0 Issued
26/10/17
$0 Issued
01/07/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
8th↓Resolute Mining$560.8m
9th↓Regis Resources$547.2m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Iron

53rdMark Hancock$1.008m
58thJeremy Sinclair$1.007m
266thCheryl Edwardes$181k
Ranked by total remuneration from all listed WA companies

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