AGO cost reduction results are impressive.
The stock is so highly leverage on the spot IO price (with AUD around $UD 0.83) and (falling diesel fuel cost), that on the resumption of Chinese restocking (Oct & Nov imports falling on destocking), the AGO sp would go through the roof.
If the Chinese acting unexpected and start restocking (rather than late Feb) in late December, then it would be extremely interesting how may shorts will get burned.
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