AGM australian governance & ethical index fund

for all agm longs

  1. 2,505 Posts.
    lightbulb Created with Sketch. 36
    From today's AFR, Portfolio section, page 36, title: "Miners show gains ahead of production".

    Funds and portfolio managers are interviewed and tell it like it is:

    ....."for most explorers it's a case of buying the rumour and selling the fact. "once these things start to commission and biuld production or ramp up production, you would probably NOT want to be there because they have to go smoothly and there's a lot of expectation built into them," Pengana Capital portfolio manager Ric Ronge says.
    "Get in early and get out BEFORE they start to produce and then obviously come back when they have started to produce."

    All your opposing camps should stop the bickering; you lost your chance to sell when the SP was over $1.00; now wait till AGM will start to produce. Anyone with 'faith' (why would you? aren't enough shares on the market?) could buy back around 60 cents; that's what AGM probably worth right now.

    Forget about Jinchuan and all that cr ap - the Chinese bought in whatever cost for the future, not for tomorrow. They, the real longs, will laugh in the end: 4, 5, even 10 years from now.
 
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