Redrock, Surely BHP/Glencore/RIo etc could use a person such as yourself, with such strong conviction and confidence in their opinions on forward pricing for various commodities?
Why waste it on HC, constantly talking down companies actually trying to build something as are FMG and AGO?
Ever built anything?
Imagine if everybody had your attitude in the 1880 - 1900 US railway wars and industrialization? The country would still be moving goods back and fwd across the country by horse and cart.
Each to their own, but do try to show some humility when accessing the prospects of those companies genuinely trying to build and break into a cyclical industry. These companies are pioneers. Do you know the story of CY O'Connor? My guess is there were plenty of Redrock Geo's hosing him down, trying to break him (which they did) only to now have their family's enjoying the fruits of his vision and labour. Seems Ironic doesn't it??
These opportunities are not without huge risk - but to ignore the possibilities of success is plainly ignorant. AGO has a tough job ahead of itself, but I genuinely hope that with continued hard work and a little luck, they may well be able to build a business that history will applaud!
AGO Price at posting:
77.7¢ Sentiment: None Disclosure: Not Held
