Further to our discussion yesterday re applying MGX realised prices (FOB) and using AGO's reported cash costs (which include freight charges), you have calculated AGO's EBITDA which in any case turned out to be positive (despite your apparent double dip on freight costs)
You have AGO buy at around $0.65 and sell at around $0.585. Heeding you logic, the trade would have resulted realised losses. Is that why you are so sour???
There is no consistency in your thought process. Either stay a technical trader, in which case EBITDA has no relevance to you or a long term investor in which case you have a flawed approach to calculating EBITDA. Please present facts not your biased (and I dare say flawed) opinions
DYOR
AGO Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
