IPO price, page-3

Hektikkk, I've had a couple of drinks tonight, but what do you mean you are buying and IPO? Clearly not an IPO, so are you just referring to the fact that you think AGO is priced liked an IPO at 20c?

In terms of operating cost vs 62% FE $US spot vs AGO's A$ received price per dry metric tonne, be mindful of the following: Operating cost A$69 ish, Fe price in A$ 84.50, AGO's received price $64-65/t (57%Fe and DMT) so they are currently running at a $4-5/t loss not including depreciation of $15/t that Er6n will tell you time and time again.

If spot and exchange rates stay here or deteriorate further for a prolonged period of time, AGO may have to scale back production to see if they can still squeeze some positive cash flow.

I'm not saying this as a down ramp or to be negative, rather just to be careful. AGO do need iron to increase in A$ term to come out of this well in my opinion. At some stage i think that will happen at least to some degree.

In terms of the "current port facilities" that is an interest point you bring up. I think if anything, you can really only factor in the existing 15mt through port headland and not the potential 30 Mt via NWIA. And it is looking like Port headland might be sold off, so do AGO really own that capacity? At this stage I don't believe atlas have made the details of their contracted port space available to investors. So in that regard what port space would an acquirer really be buying?

Food for thought only and may help explain the current share price rather than simply blaming the manipulation of shorters. This one seems it can go dramatically in either direction from here. $A just as much as the FE price.

Sincerely good luck to all holders.

Yeatesy