very cheap at this price., page-8

fitnfam wrote:
NOW AGO worth $730m after $400m write-off plus $263m
DEBT giving $141 NETT CASH in the bank-outlook uncertain
now producing 7.7MT???


Wrong!!!

Yes we all know the SP has gone down and along with it our market cap,
so what! It can jump back up just as quick. We didn't write off $400m!

I don't why the down rampers keep pumping out these figures when they must know it's not right.

AGO produced over 1.7Dmt last quarter, when we had one of the biggest cyclones on record kick us smack in the guts followed by our processing plant at wodgina breaking down.

This is what they said in the last Quarterly.

"We expect to export up to 2.2MT during the June 2013 Quarter,made up of 1.8Mt to 2.0Mt of Standard Fines and 0.2Mt to O.4Mt of Value Fines. Standard Fines volumes will increase in the June Quarter with the resolution of the issues at the Wodgina mine."


So if everything is going well we could presently be producing close to 10Mt pa right now.

We know we haven't had any bad weather lately and the cyclone season is over.
There is also no reason why they wouldn't have the plant at Wodgina back on line.

So it is complete nonsense to suggest we are producing the same amount of ore as we did last quarter.

Also we know as our short term production increases our total costs per MT should have come down dramatically as mentioned in the latest report.

Lets not forget about the depreciating Aussie dollar keeping our returns up.

I guess these are all inconvenient truths when your trying to down ramp a stock.LOL