AGO technical analysis, page-1403

Short answer. On Iron Ore alone, at $87/t, AGO will be above 5.3 cents, @$100/t AGO sp will be well above 5.3 cents.
AGO sp when Iron Ore is $100/t is too far away for me to judge.

The long answer.
* Dec 2015 was the start of the Iron Ore bullish trend. Iron Ore was $35/t.
* Feb 2017 saw Iron Ore reach $87/t and AGO sp was 5.3 cents a few days before that.
* In June 2017, Iron Ore hit a low of $53/t and the AGO share price hit 1.2 cents. THIS LOW WAS HIGHER THAN THE DEC 2015 LOW.
* Next, when Iron Ore reaches $85/t (the same as Feb 2017), AGO will be higher than 5.3 cents. In a bullish market whenever you revisit the underlying commodity price again, then the sp will be higher. The only exception to this is if there is something fundamentally wrong with the company.
* Sometime in the future, Iron Ore will reach over $100/t and I truthfully don't know what the AGO sp will be. Whilst I have no problem predicting the underlying commodity price, when it comes to the stock there are just so many more variables . There are many Fibonacci extension ratio's I could lean on to predict the AGO sp, but at this stage it is academic because I have a difference of 7 cents between my "possible" minimum and maximum, which is no good to anybody. I will actually work on the data that is in front of me at the time as I've found that forecasts "narrow my thinking" to expect an outcome and removes my focus from the information at hand.

So I try to be very conservative in my sp target, that way I won't be disappointed and I won't be complacent thinking the sp is going higher when in fact it has already peaked.


Bottom line, we all want the sp to exceed 10 cents and let's hope it does.