I would say that was pretty well obvious whats happening at the movement unfortunately. Nobody should have expected a bumper December quarter.
Even though the market knew that the December quarter was a shocker they are using it as an excuse to push it lower.
Considering the market is suppose to be forward looking IMO its a load of it.
No body really knows what Fe is going to do, but at the moment as pointed out by Legume AGO is making nice money so far this current quarter and still getting on with the job of growing.
IMO this is still priced as if the price on FE was sub US $100.
Go figure.
AGO Price at posting:
$1.49 Sentiment: LT Buy Disclosure: Held
