Average IO price for 2013 will be decent (that won't stop the Chinese from playing games with the volatility with start-stop buying - bit like drawing a huge breathe and then holding it until blue in the face and then gasp for another big inhale). A futile exercise to show who is boss and who has a say in IO pricing. Clearly, they don't.
If 40% TPI is olsd off to penson funds and/or infrastructure operators, then the risk & cost to AGO would be dramatically reduced (compared to a QRN brand new parallel track to Port Hedland - an insane idea IMO in the first place).
This development instantly overnight renders AGO's 46MTA usable (rather than the prospect of losing the allocation due to stranded reources).
Good luck holders.
AGO Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
