thanks for these updates, I completely ignore any predictions put out by so called "experts" as they are about as reliable as us guessing the directions of prices....having said that the "experts" seem to keep basing their pricing futures on what is happening in the housing market in China and fail to mention the targets that China themselves are setting for the electric vehicle market going forward....and what are all these buses, cars, bikes, trucks made out of.....steel....wow, who'd of thought....below is a chart I posted on the SRZ forum as regards China and its rate of use of its known reserves of various minerals and its staggering....as a result their imports can only go up....and let's not forget about India's plans around city building and Chinafication of their population.
China’s reserves-to-production ratio represents the “burn rate” of domestic reserves and it’s not surprising that the country’s elevated consumption levels and increasing dependency on imports are raising alarm bells in Beijing.
A new report by BMI Research says this gap between China's domestic mineral capacity and demand is what is driving the country's push to acquire overseas mines:
Notably, China's production-to-reserves ratios for gold and iron ore are 23.5% and 19.2% respectively. In comparison, global usage rates for gold and iron ore are at just 4.9% and 3.8% respectively.
AGO is a tiny fraction of what it used to be, has survived, and is again profitable, and appears to be grossly undervalued, but I guess many of the big funds in Aus are waiting for a few profitable Q's and sadly, so many of the big funds miss out on the run up as they wait till companies are paying dividends again. If AGO is 7c in a yr and 24c in 2yrs then 85c 3 yrs from now....still a small percentage of where it was....your investment is still growing at 250%/yr....for three yrs!....I like many others probably, topped up again yesterday and watched it fall back but no matter....a pip here or there is irrelevant when compared to a price move from 2c to 7c over 6-12 months....and once previous bail out investors have received a return/reduced their holdings then selling pressure gone...monthly monthly/quarterly reports in and share pricing will keep trending upwards....These bail out investors most likely have other priorities for these funds, making choices like all of us retail investors, just that they are talking bigger amounts, and they may will continue to keep a large holding and pick up further gains but in the mean time, simply wish to take something off the table....no dramas...sit tight...watch it on a week to week/month to month and not so much day to day....and in the mean time the price of IO is continuing to rise again,
kind regards, SEAH.
AGO Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
