Iron ore price, page-4065

@Toe Tapper

Yes I agree . By the comments on HotCopper there are plenty of you that have millions of shares in AGO and are willing to sell as soon as your set price goal is achieved, and there is nothing wrong with that ( Maybe that's where the Grey wolf has gone). I refer to AGO as my lotto share as for a reasonably small investment (high risk) there could be a sizable gain sometime in the future. The big investors aren't going to put there money into a company that has so much risk. There is a lot of excitment about the current IO price however history shows they generally do not last long. What happens if IO goes down to $40/t for a couple of quarters. The game changes I'm hoping for to increase the margins would be India going into developing their infrastructure along the line of China over the last 20 years and IO price getting back to really high prices or somehow AGO reducing the cost to produce however that doesn't seem likely while ever we are using trucks for transport.

I'm hoping we pay the debt down, get stable IO price, develop Lithium, reduce costs etc and AGO blossoms. However at the moment I get to play lotto everyday with entertaining commentary and hopefully one day we'll hit the jackpot.