What we forget is that AGO has just seen a 100% SP rise.
We get a little heady and lock in the expectation of continual rises.Somehow even massive 100% rises don't seem enough.
My feeling is that I am delighted with this massive open market re rate occurring in the face of the weight of 9b shares.
I sold too early and haven't bought back in yet but I am excited for all holders.
AGO will need to consolidate at some point and 2c might be it--IF the price of IO is also in the process of consolidating.
Massive gains-look at the % not the cents--
Are rare and hard to maintain. In the meantime this is fantastic storey in every sense--as a strong contributor to the West Australian community and state taxes, a large employer, a great turn around story
And a successful investment for those with the courage to get in at the bottom.
AGO Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
