"atlas is takeover target", page-16

AGO makes promises it doesn't keep, it's that simple!

Apart from that AGO is doing great!

It's production has increased 1000% in a few years!

It making close to 100 Million dollars profit per quarter!

They have made some great new discoveries!

Apart from their undrawn loan facility they have no debt and they have a pile of cash in the bank!

However,
they promised to be producing 10MT/A early last year and they didn't!
They promised to be producing 12MT/A by the end of last year and they didn't!
They bragged about how much cash they had on hand in August only to spend it all {and more} within a few weeks!

They continue to promise a rail deal and make deadlines for that deal which never get met!

The problem is management of the market!

IMO if the management didn't talk BS the share price would be double what it is right now.
The business itself is going great guns, they just need to start under promising and over delivering!
However this is not the way AGO management does business!

Think about it, how many other Aussie businesses are making a profit of 400 Million dollars a year and have no real debt, that's what AGO is making ATM.

I don't think the recent price drop is of any concern, they had 3.5 Mill shares traded on Friday. Not a lot buying going on, but not a lot of selling either.
It is dead in the water!
Fund managers are holidays, it will be back to business by the end of next week!
IO price goes down and the Aussie goes down further to compensate, the IO or price goes up and the Aussie goes up even further!

IMO AGO will have its day in the sun, the next quarterly should bring some joy.

Good Luck to everyone!