urbanization of emerging economies..., page-12

Most holders must be looking at this now and wondering if the SP is about to drop through the floor completely

I spent too much and was in the red for T3 - normally I would sell my worst performing stocks - atm that means MHM STB ATI

I should really have excited these positions long ago, but they are all stories, I wish to remain exposed to. (so I sold a few shares in MAD instead)

I asked Tony Locantro if he had any views on ATI - he has a subscription newsletter and is not there to answer my questions on individual stocks outside of his coverage , but in conversation he mentioned that he saw an ATI presentation last Thursday.

Not sure if we would be happy with me repeating his comment - but here it is

"I saw ATI present last Thursday and whilst he ran through issues it didn't
seem terminal. MD pointed to future cash flows and pictures. Was a 10 min
job with food/grog. My history with Wmurra goes way back to Precious Metals
(PMA) in 1997. Saw the damage and vends so not for me"

The only thing I can take from this is, if he thought this puppy was about to roll over, he may of smelt something then.

The tree shaking idea, makes sense but I suspect, the following:

Threat of global downturn - see china - is putting pressure on IO contracts
Competing Vanadium suppliers are probably sinking the boot in while ATI is vulnerable - (I would be)
Start up issues and super tight cash position with expensive debt funding in a market that is still largely risk off.

I still think this is the best exposure to Vanadium on the ASX, but I would wait and see what happens before buying in now. Or buy a small stake and add later.