G'
It is interesting how the $A remains over inflated considering the impact low FE prices will eventually have on GDP. A lower $A will offset some pressure however, unless FE prices increase there is little doubt the continued shorting frenzy will just continue as there is a distinct congruence of FE price & AGO. It's a shame how AGO executives have remained fairly benign and acted as passengers in lieu of proactive leadership. As the saying goes "I'd rather die on my feet than live on my knees". There is no doubt that AGO is negotiating a rail deal but they need to also understand the importance of timely communication to curtail the higher than normal shorts which has become a normal cycle for AGO!
AGO Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held