entropylord
IMO AGO is still holding on because of its Port access and the
real potential for a premium take over offer.
The report says their all in cash costs are about $73/t Australian.
This figure includes moisture discount and royalties.
Then there is D&A of about $15/wmt AUD!
On top of that they have about $125MILL capex for 2015!
So after discounts for their standard lower grades 56% and 57%Fe product
and their value fine 53%Fe product, there is no chance that they are making
any money!
I guess people think that it helps the share price buy spruiking
lies about income, however it most certainly doesn't help!
Iron Ore futures up over 2% today so all things considered
it looking good to me, for tomorrow at least!
Good Luck!
entropylord IMO AGO is still holding on because of its Port...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)