AGO and co are dead.
They are capping it at a price that they make a good ROI, but not so high that every dog enters the market for an eventual saturation and crash.
Honestly should they ‘not add tons’ of iron ore reaches $100 just so that currently penny dreads producing can make a profit? But within 2 years more minnow dogs join the race and cause a crash?
I can see why you’re angry, but at the same time I actually agree with Vale after seeing the mining boom and bust full hand. It’ll end in tears again, just like the recent oil crash. You’re only thinking about recovering a few cents on dreadfuls like AGO, without looking at the big picture.
AGO and co are dead. They are capping it at a price that they...
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