ATI 0.00% 17.5¢ atlantic limited

there's always 2 sides to any story. bitter & sour grapes - no,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,824 Posts.
    there's always 2 sides to any story. bitter & sour grapes - no, just surprised at how people think changing the jockey makes the horse change from a nag to a thoroughbred. black caviar or dobbin, your fate is set at birth.

    if you *believe* in windimurra, you happily hold on as your shares fall from $2.40 to 40 cents and think everyone else is wrong. blind faith in the resources sector will lose $$$ every time.

    if you don't *believe*, you sell out at $2 after making a 50c/s profit and thank your lucky stars you didn't hold any longer. i did this twice, once with PMA and then with ATI.

    i've researched vanadium in general, and discovered it to be by far the worst commodity to be a primary producer of because you get slaughtered by secondary production. windimurra has "got its donkey about-face" in that its trying to produce #1 vanadium, #2 iron ore. anyone who knows what they're doing produces steel #1, vanadium #2; or power #1, and vanadium #2 (from powerstation ash, of all things). vanadium is a by-product or co-product, not a primary. that its taken 3 attempts at windimurra is both astounding and amusing.

    give me a thumb up or a thumb down, but don't sit on your thumb wondering what to do, because i could have moved 7 tonnes of FeV80 in a wheelbarrow 400km to geraldton in the time its taken ATI to produce it. to meet production forecast of 6,300 tonnes contained vanadium they need to produce 21 tonnes FeV80 a day... go figure.

    you'd be better off sitting down and working out the project NPV instead of wondering about my motives. i made my $$$ of this one a while ago. will MM turn it around, who knows, but Windimurra is financed at junk-bond interest rates - if that fits your investment strategy all well and good and i wish unsecured shareholder all the luck in the world.

    as always, DYOR. don't listen to this old soused mackerel, we all have our own agendas.
 
watchlist Created with Sketch. Add ATI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.