Im sorry to tsay this but this has all the hallmarks and patterns of a massive ramp of SP soon:-
- large volume buyers at lows
- massive turnaround story
- flatline flooring chart pattern with massive accumulation buying
- lower and lower volume selling, sellers saturated out totally
- loss producing to 20% profit prodcuing margins with margin expansion...what?
- record production of 15-18MTpa even higher than when the MC of AGO was $1.2B
- motivated workforce who are now shareholders and want salary & share capital gains...excellent
- WA govt support dropping royalty rates & port charges...preferential treatment, wow
- dirt cheap valuations at a low penny dreadful SP 3c
- sales booming, now new buyers as well with strong buying demand ...what?
Get you trading parcels of 1M to 2M buying ready, when this starts moving up it will be rerated unstoppably like FMG was in 2013 and 2009 back to its true market value of min $200M to $800M on my maths, it doesnt seen like it right now but lets see by Oct 2016 if im right.
The spike is coming sooner or later...Hartleys tipped us all off.- flatline
