If you look at the charts there were gaps that needed filling. I must say I fell for the 1st gap and topped up at $3.48. But at least they have now both now been filled.
I believe the I/O price will come off more, but at the same time AGO is ramping up production and continues to cash in at the current prices.
The market may have panicked a bit today but it doesn't change the fundamentals. DF isn't sitting at his desk watching the price of his stock go up and down. He is out there running a business and doing a great job of it.
Give it time and price will reflect the fundamental value within this company, and while DF is running it there will always be value.
I got into AGO at $2 back in 2008. I rode it down to 40cents... and began topping up on it's return journey. There was a lot of anxiety on that journey down, but I'm glad I held firm.... it's the only stock I still have from pre GFC.
You have to take a longer term view on a growth stock like AGO. A little short term pain will be swamped by the long term gain....
Regards,
Your resident Atlas Bull
AGO Price at posting:
$3.37 Sentiment: Buy Disclosure: Held