AGO is now rebounding from its lows.
Reason is that market realising that -
- AGO COP is dropping to $50UST and lower to $44UST as I predicted months ago
- lowering AUS$
- AGO COP lowering on the prepaid expenses and expenses converted to equity shares to the contractors
- lower WA Govt port fees & royalty charges
- IOP of 56 is rising again toward 60 as predicted by the World Bank as posted on here
- difference between AGO COP v AGO sales is expanding = margin expansion
- cash is increasing at bank right now
- debt/LVR ratio is actually reducing
- production is rising hitting record volumes = higher income
The real question is when is the volume breakout and SP breakout from 2c -4c going to occur? Its a slow and steady buying spree by these accumulators, over 700M shares traded since reopen.
Today at close, buyers! A green Doji, in 2 weeks its risen 55% from 2c to 3.1c, what a stunning return and its just getting warmed up. IO stocks all up today.
IF IOP rises sharply like OilP & CP recently then watch out for a major move in AGO SP upwards.
- Forums
- ASX - By Stock
- AGO
- Spot IO breaks recent range
Spot IO breaks recent range, page-8
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online