Well traded redrocker... FMG was a bit the same, run into quarterly and sell the fact... for my mind, a lot further to run in the medium term. You'll note that the media sentiment is also turning, with many commentators now wondering what was with all the fuss about the glut, seasonal weakness, io below $100, etc.
Out of interest, your two last posts on AGO were on the 4th:
"All well and good for the majors then, but Barak Banana is taking USA same way all African leaders take their countries. Any micro good news that AGO have is about to get smashed by the USA debt crisis. Very choppy two weeks to come leading to a cliff. Aussie $ will be up to 1.1 soon. Too dangerous for me to hold over the weekend."
"anyone buying in this climate either has balls of steel or inside information. atlas's exposure to exchange rate risk, the potential for a drop in US$, and its seriously marginal status could see an ugly drop come monday morning."
What made you change your mind given the abovementioned issues weren't sorted out (momentarily) till this morning?
AGO Price at posting:
$1.04 Sentiment: Buy Disclosure: Held
