This is getting very ugly now...... shorters are having a field day.
I remember back during the panick of the GFC Atlas got as low as 40cents one day. I had already bought in at $2 and thought.... well I'll never see that money again. But I held on, even topped up a few times back in the mid 1's.... then the plan came together and the I/O price flew and after a couple of years I made some good money. Selling my AGO stock last year was really tough, it was like a child leaving home.... since then my other investments haven't done well... but not as poorly as AGO.
In saying that. This is not the time to sell, this is a sound I/O producing company with no debt, massive reserves and plan to expand. It's just being prayed on by short traders (don't you just want to gouge their eyes out with a fork!) at the moment as has been the case in the past.
The share price will reflect the underlying value again, but it may not be for a while yet.
Hang in there.
- Forums
- ASX - By Stock
- AGO
- financial forecasts on lower iron ore prices
financial forecasts on lower iron ore prices, page-4
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online