AGO 0.00% 4.5¢ atlas iron limited

Who is buying at 4.25cps, page-58

  1. 1,252 Posts.
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    I don't think Andrew may help, he has enough problems in his own backyard.
    AGO requires immediate capital injection to stay alive and then capital expenditure to produce something, which is profitable over a long period of time. That 'something' is unknown.
    Gina will finish comfortably with 60%+ by Friday. There is Good chance that the offer will be extended. If the offer is not extended, then she is convinced that the SP will come down, and later she will be buying remaining shares, cheaper.
    Time is on her side. Speculators who bought at 4.25c are after a quick profit and must sell, they are not interested in risky mining investment.
    There are no buyers at 4.3c for some time now and I don't see any queing up in the immediate future.
    Holding makes sense if you bought at much higher price than 4.2c and are comfortable with the loss. Sameboy is your oracle, hopefully he will improve his ability to foresee the future.

    Wicks and tails got him confused lately, hopefully he will regain his composure.
 
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