AGO option's discussion, page-403

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Hingdog

23,157 Posts.

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02/04/17

18:42

Post #: 23800509
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Originally posted by prezillogic ↑

If AGO consolidates its shares at the wrong time it will be the ruin of AGO.
They need to be completly out of debit before even thinking about it.
Why the heck did you think they issued all these shares in the first place.
Why the heck do you think AGO nearly went bankrupt.
Why the heck do you think AGO is a penny stock today
from a billion dollar company.
Because the are a high cost producer of iron ore at the mercy of the iron ore price.
No they are not a different company now as the costs are still to high.
Are they heading in the right direction yes they are.
Will the iron ore price hold above $80 per ton for the next 12 months no one knows I hope so.
Understand this AGO is not out of the woods yet .
When AGO becomes a low cost producer and proves to shareholders it is doing so effectively.
Imagine consolidating these shares iron ore goes down then were right back were we started from.
THEN ALL OF A SUDDEN ALL OVER AGAIN THEY ISSUE BILLONS OF SHARES TO GET THEM OUT OF TROUBLE AGAIN .
The only way AGO is to succeed is by reducing its cost so they are not at the mercy of the iron ore price.
Why is this so hard to understand.

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It makes no difference to the companies success or failure whether they consolidate the register or not. Why is that so hard to understand? You are not changing the value of the company by consolidating the register, just altering the liquidity.

AGO Price at posting: 3.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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AGO option's discussion, page-403

Top Stories

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nine's staff strike as Paris Olympic coverage begins

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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