My approach to trading is to know as much as possible about underlying commodity, in this case iron ore and steel making. AGO unfortunately has no derivatives but there is interesting information,on this forum, about mood of people associated with IO company in financial troubles. AGO has no future because of the quality of its product.
Read the latest Vale report, this is an example of development at the other end of the spectrum.
The takeover development is interesting as well.
How much AGO is worth?
I also trade shares. Made some money on GRR, another problematic company, different problems altogether.
If you are curious read Vale report, opinion of a few billion dollars behind it.
AGO Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
