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Business Description: Atlantic Limited (ATI) is a resource company in Australia. The current flagship project is Windimurra vanadium project located in Perth, Western Australia. ATI is also pursuing bauxite development opportunities in Vietnam.
Strategy Analysis: Atlantic Ltd is committed to building a diversified portfolio of world class resources projects that will provide superior returns to shareholders. Atlantic combines its strong financing capability with a highly disciplined and innovative approach to acquire resources projects that have a low operating cost, are long life and near production. Atlantic's 100% owned Midwest Vanadium Pty Ltd ‘Windimurra’ project is Atlantic's flagship project which commenced vanadium production in January 2012.Â
Atlantic advised that it received the final $10m installment of the convertible bond funding package from Droxford International, bringing the total received to $30m, on 30 March 2012. The final component of the $41.7m funding package announced on 6 March 2012, a $10m placement in new company shares, is subject to shareholder approval at an EGM scheduled for 27 April 2012. The company also reported that the Primero Group has now mobilised to site and begun modification work to the milling and beneficiation components of the CMB circuit at Windimurra. The bulk of this work is to be completed by the end of June 2012 in line with Windimurra's production ramp-up schedule of attaining 65% of CMB circuit production capacity by the end of Q2 calendar year 2012.Atlantic reported net loss of $504,537 for the half-year ended 31 December 2009. Revenue from ordinary activities were $32,905, up 24% from the same period last year. Basic and Diluted EPS were (0.053) cents compared to (0.044) cents last year. The net operating cash outflow was $463,401 compared to an outflow of $159,041 in the pcp. No dividend was declared.
The Age 18/06/2013 |
A survey of 100 companies with more than 500 employees in Australia found 68 per cent have built a new data centre in the past two years, while 78 per cent plan to further expand or build new ones in the next 24 months.
The Age 18/06/2013 |
A group specialising in financial disputes has called on the corporate regulator to reopen all settlements for Commonwealth Bank planners where fraud has been proven or where they failed to investigate strong allegations of fraud.
The Age 18/06/2013 |
Investors took the knife to diversified property group Lend Lease after it warned that the global construction sector had deteriorated in the past six months, leading to reduced earnings.
The Age 18/06/2013 |
France's Eutelsat Communications and US private equity firm KKR & Co are among the suitors to place first-round bids for Optus' satellite unit, according to overseas reports.
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