Well, I joined this mob only a few weeks ago and asked them to review my portfolio.
I thought they did a fairly good job of looking at my portfolio and mentioning what action they would take on my existing stocks.
one of the things they highlighted about ATN, was the fact that the cash burn rate was pretty high, but mentioned that - it is okie to have the cash burn rate if it is being spent on exploration activities, and they also mentioned that they have a large exploration program on hand with another rig being ordered.
They said buying at these levels, can be very frutiful, however they stated a target of 7ish, which i think would be much more if they find something
My brokers name is APSEC securities http://www.apsec.com.au/
Check em out if you want
Cheers mayo
ATN Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
