dump CD, page-7

First 7 Last

Share
Profile

Follow
Hingdog

25,325 Posts.

1589

18/04/17

20:34

Post #: 24125100
Share

Originally posted by thebeautifulstyle ↑

It would be in the best interests of the company to shelve plans for CD development.
Its not too late.
Even if IO rose from here, they are not getting high enough prices for their low
quality ore.
A $50million development cost money can be better spent.
Im not convinced that they will get the $50 mill back from mining at CD over the
only 5 years life of the mine.

Its a waste of shareholder capital. Shelve the plan (it can always reinstalled) and
watch the share price go up!
Use $40 mill of that to pay off debt (get those mongrel debt holders off their backs). Without
debt they can get spot price for their ore (about 15% more I'm assuming)
Those debt holders dont know how much office
costs are associated with hedging, they only know about lending money. They are the
ones forcing AGO into hedging. Other miners are not hedging like AGO.
If some of you think its good to do, AGO is hedging right now for 2 months ahead and how
much do you think they are getting for their 57%. Its probably below cost that they are selling it for.

And then use the other $10 mill on a drilling campaign for Lithium. Lithium ore price is not dropping
and demand will be here for a few years.
Unfort. Frisco has half been given away to Pls but Atlas has many other sites with good potential
for Li.
If that happens Im in

Expand

Me thinks you really need to take a step back and think a bit more. If I wanted to buy a speculative lithium play, I wouldn't be looking for one with 9B shares on issue. Seriously, there are plenty of lithium options out there, anyone who wants to buy AGO for the lithium needs their head read.

AGO Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

AII

A new NASDAQ listing for a key player in the global critical minerals space

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

DRO

History repeats for DroneShield investors but carnage so far subdued

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

HotCopper Highlights: Trigg; Droneshield; Lumos & more

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

dump CD, page-7

Top Stories

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

A new NASDAQ listing for a key player in the global critical minerals space

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

History repeats for DroneShield investors but carnage so far subdued

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Featured News