"What goes up must come down and vice versa" - nice if you really wan't to believe it. AGO is relying on a weak A$ (hopefully weaker - that might well come true) and a better Fe price going forward since their low grade product is of course cheaper than the 62% Fe product. They are pretty well hedged until Sept at good prices but what happens in Sept??
Futures suggest US$43-45 (again that's 62% Fines).
China is not in good shape and they are running into significant problems with "dumping" of excess production offshore (could be in for import tarrifs in USA and elsewhere) - makes a mockery of Free Trade Agreements which only serve the interests of politicians vote seeking.
All will be revealed
- Forums
- ASX - By Stock
- AGO
- Phone Call From Company
Phone Call From Company, page-18
-
- There are more pages in this discussion • 3 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
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online