Ann: Presentation - JPM High Yield Conference , page-6

i don't see how ATI is going to raise anymore cash to get its plant working and then provide working capital during ramp up. the MD's a bit like a restauranteur on Kitchen Nightmares, tipping in his own cash to keep a marginal concern going while waiting for "better days". ATI is a frightfully high risk stock IMHO. the market euphoria when the 3B and 3Y came out has been quickly replaced by the previous malaise.

but then maybe the high yield conference will attracted investors looking for an, erm, high yield.

given the new operation is having similar crusing and milling problems to Xstrata maybe the orebody is just too highly weathered and too clay-rich to be viable.