Reason is that market realising that -
- AGO COP is dropping to $50UST and lower to $44UST as I predicted months ago
- lowering AUS$
- AGO COP lowering on the prepaid expenses and expenses converted to equity shares to the contractors
- lower WA Govt port fees & royalty charges
- IOP of 56 is rising again toward 60 as predicted by the World Bank as posted on here
- difference between AGO COP v AGO sales is expanding = margin expansion
- cash is increasing at bank right now
- debt/LVR ratio is actually reducing
- production is rising hitting record volumes = higher income
The real question is when is the volume breakout and SP breakout from 2c -4c going to occur? Its a slow and steady buying spree by these accumulators, over 700M shares traded since reopen.
Today at close, buyers! A green Doji, in 2 weeks its risen 55% from 2c to 3.1c, what a stunning return and its just getting warmed up. IO stocks all up today.
IF IOP rises sharply like OilP & CP recently then watch out for a major move in AGO SP upwards.
AGO Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
