positives for AGO - IOP is up which is seasonal and will reduce come jan-feb
Negatives - 40-50 mil for start up of new mine or reduce output by about half
- potential of port fee increase
-largest transport contractor is in liquidation, sooner or later AGO will either front at a guess $5-10mil to buy out that portion of MCS, or renegotiate new terms with another owner
-9 billion shares on issue. 60-70% of that owned by debt holders
-70-75% of the share registery cant sell as their parcels arent marketable, thus most people selling are Instos and debt holders (for a reason)
-there wont be a rail line or sharing of a rail line. you'll need roughly $1billion for this and with a CCC credit rating cant see that happening for a while
- dont forget the profit sharing arrangments
while I think AGO still has a long future infront of it, I personally dont see the value at this stage,
All IMO and DYOR
AGO Price at posting:
2.1¢ Sentiment: Sell Disclosure: Not Held
