Hi stockker,
On an even more positive note for AGO is the fact that next to the fall in the $A against the US$ we also have now an oil price that has fallen more then US$100 from its height to now around the US$40.
AGO needs oil to ship their iron ore by truck to Port Hedland.
The falling oil price on its own would mean tremendous savings in its trucking costs alone.
The falling A$ means that AGO will still get a good price in A$ for its products.
jojo
- Forums
- ASX - By Stock
- AGO
- is ago going to burn the $100 million it has?
is ago going to burn the $100 million it has?, page-3
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online