AGO 0.00% 4.5¢ atlas iron limited

AGO gets another mention in the Oz, page-3

  1. 804 Posts.
    lightbulb Created with Sketch. 606
    Correct!!!
    as well im pretty sure AGO is an Australian company which gets paid in $US and converts to $AU and reports profit in $AU so to the uneducated thinking IO price went down last night in fact it went up $3 AU due to the lowering of the $AU. If AGO can pay of $20 Million debt and increase cash by $14 Million in the first quarter with an average realised price of $56 AU they can sure produce a way better quarterly result with IO currently at between $AU 90 & $AU 100 per tonne. To people wondering if they are a good investment its simple. If IO holds up yes they are way undervalued. If IO retreats to the lows of $40 - $50 US then they are not. I'm holding as I believe that even at $70 AU (well below current price AGO will have paid down all debt by FY17 and have large sums of cash available.
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.