Ago how high ?, page-28

I see Motley Fool have today concluded that on balance of risks for the iron ore future price (they expect back to $50 this year) it's better to take profits today than run them. However I noticed also that they had decided against recommending a buy anyway when they reviewed them in December and November so no real change there.

Personally my horizon is shorter than Q3 and a falling iron ore price. If the next results demonstrate a big turnaround, as implied by yesterday's announcement, then the present MC looks far too low IMO. Plus with world activity on the rise again, it's hard to see iron ore retracting below $50 again in the foreseeable future.

I had a look at the AGOO. Could be a punt at 0.001c, as 8c share price is possible between now and June, but no room for error. Heck at 3.2c and @$300m MC the shares are effectively a contrarian option over the iron price anyway, with no expiry date. No the options are for people who play lotto.