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05 June 2013 |
Atlas Iron is the fourth or fifth largest listed iron ore producer and a pure iron ore play, unlike the big conglomerates. According to bank of America Merrill Lynch, "capital intensity is low and funidng has been sorted". This makes it a bit more reassuring than some others. BAML goes on:
04 June 2013 |
There is further evidence that commodity prices are coming under pressure, which is likely to result in both a weaker $A and weaker Australian economy. The case to diversify out of the Australian economy is growing.
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