IO UP 3 to 46.50 = Uptrend, page-85

IO was down over $3 to $US51.70 last night, but with the $A=75c, then in $A it is only worth $69/t, but AGO have a 20% discount to 62% IO, so they are back getting ~$A55/t. No profit at that price, especially when they fall to a 10mt/a run rate very soon.

If Mcaleese goes belly up and the receiver stops the trucks, then AGO should be placed in an immediate trading halt/suspension. It wont matter what the price is at the time as it will be game over. I'm surprised those that have read the MCS half yearly are still holding AGO shares. The price has held up quite well so far.