any chance ago will rationalise??, page-8

The IO price determines AGO's profitability.

Average IO price for 2013 will be decent (that won't stop the Chinese from playing games with the volatility with start-stop buying - bit like drawing a huge breathe and then holding it until blue in the face and then gasp for another big inhale). A futile exercise to show who is boss and who has a say in IO pricing. Clearly, they don't.

If 40% TPI is olsd off to penson funds and/or infrastructure operators, then the risk & cost to AGO would be dramatically reduced (compared to a QRN brand new parallel track to Port Hedland - an insane idea IMO in the first place).

This development instantly overnight renders AGO's 46MTA usable (rather than the prospect of losing the allocation due to stranded reources).

Good luck holders.