Thanks Daz
I sincerely hope all investors are and will do very well on AGO. There are far too many positives with AGO to counter any remaining downside of yesteryear.
In my opinion its game on with IO fundamentals driving sediment:
China is growing strong.
India is only beginning its rapid urbanisation path along with Asia and Africa.
US could quite possibly spend up big to improve much of its aging infrastructure regardless of who wins the election. Long overdue and will stimulate its own construction, jobs and general economy.
Emerging demand drivers for IO will remain strong for sometime into the next decade.
IO supply and demand balanced with multinationals making it clear their focus is on profits, efficiency and value to shareholders.
IO supply is peaking along with the doomish sediment which came with it.
IO price after bottoming the LT bearish trend in Feb 2016 will continue in a LT bullish trend for years from now. (ST ranges will occur and AGO has hedging in place to ensure ST lows are mitigated)
AGO will be debt free next year.
Lithium potential will add 'extra' value to AGO.
Remember AGO was $3 or more per share several years when AGO was producing less ore. Yes we have dilution of 9 billion shares plus options. We are 1c and still priced for death. Right now we should be 4-5c. Once debt is almost gone we will be north of 10c without a sweat (Which is equivalent to $1 in 2014 before our restructure when we held debt).
Add the fact that AGO post debt will be a massive money making machine with Lithium potential this SP has the potential to be north of 30c. I predict a share consolidation to occur before next financial year.
I'm ready for the beginning of a steady climb in a sector which was written off. Show me another sector with decade lows like commodities and IO where opportunity for growth is better?
I hope all LT holders in AGO do very well over the next few years.
I hope all traders also do well while giving new entrants entry points to capitalise on AGOs new growth story.
