A loss every year?? Once cap ex on current mines winds back that won't be the case. And if the 3 cent dividend is retained as expected then the dividend yield with a share price of 40 cents would be around 7.5% and everyone would want to buy AGO!!
I agree that AGO could go lower but only if the IO price continues to fall. And there are three pieces of "imminent" news that may change sentiment: 1) the McPhee PFS including rail hub options 2) A rail solution and 3) after that JV agreements for rail, port and mine development. A rail agreement will give AGO an instant boost in reserves from an investment perspective as their extensive resources will then be able to be developed.
H
AGO Price at posting:
74.5¢ Sentiment: LT Buy Disclosure: Held
