You are describing AGO in the same terms BHP is being described on the BHP threads. BHP sp is trading at March 2009 level (GFC). Listed companies get buffeted at times of fragile sentiments.
The hedge funds and shorters are taking advantage of "prevailing" poor sentiments (much of which is manufactured propaganda coming out of China). Sentiments will change.
At the moment, AGO is trading lower than when capsizes were turned around in Chinese ports, IO prices at $50/t and the world falling into the GFC abyss.
Right now spoy IO price is edging towards $140/t, chinese economic growth forecasted between 7% to 8% and the US has for months been climbing out of the 5 year slump.
Not worried at all about the long term prospect of AGO.
any chance ago will rationalise??, page-11
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