We all know that 80 % of options expire worthless and out of the money. IMO AGO is undervalued and AGOO & AGOOA are already worth the exercise price of 7.5 cents. I dont need the share price to rise I need the market to realise the true value of AGO and just align themselves with their earnings or projected earnings. Worst case scenario AGO repeats this quarter with two more 75 million profit quarters. Total profit for FY 17 250million x 3 = 750million market cap = 8.3 cents per share. I really think these options will finish in the money. To good an opportunity to let go by so today I extended my holdings in these and I now hold a position in all three AGO AGOO & AGOOA. Lots of up side reducing dollar, new announcements, hedging at current prices, rising IO price, valuation of 5 x rather than 3 x (this is particularly possible if admitted to ASX 300 or ASX 200), exploration and progression into Lithium, development of Corruna Downs, possible share buy back, and who knows what else!!! I can live with dropping a few thousand $$$ but I would always kick myself for not following the fundamentals of AGO and their balance sheet. All the best for those in any of the positions above I think you are on a winner!!!
AGO Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
