Impressive flatline holding 2.9c-3.1c for days now, sellers volume dried up at lows again.
Where is the large volume sellers of 50M a day like 2 weeks ago, or 20M a day 10 days ago, where are the 50 posters daily, its all dried up on sellers exhaustion.
Big loss of $1.2B mainly writedowns covered by 3to4 months shutdown no income n contractors prepayments now becomes sharply lower costs in Q1, excellent financial engineering, with IOP around 57.0ust, soon to spike on tianjin shutdown,
tianjin, 105 dead, 10% of IO imports to china now condemned with sulfiric acid spills, IO sits untouched in port forcing chinese to go on market or other ports where stockpiles are low also, soon chinese QE like japan, europe, brazil.
graph looks flatlined, sellers less n less, 3.0c, how cheap is that!
AGO v FMG v RIO,
15MTpa v 155MTpa v 250MTpa
MC 82M v 4000M v 60000M
difference = t to 5 to 40 variance on annual production.
either rio is way overpriced or ago priced below liquidation massively underpriced, even FMG heavily underpriced to rio production due to large debt burden.
3.0c, lets see if it holds. Where are the new substantial holder notices? Who has bought 600M shares since relisting?
AGO Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held