Hi guys, I remain comfortable with my AGO 16% of portfolio holding with an average entry of about $2.95.. This is a sleeping giant in my view. Supply responses way overestimated by analysts and AGO will do a Steven bradbury and take gold... Again by my way of thinking this is way undervalued and fundamentals will inevitably take over as cream rises to the top.. Iron ore demand in tact and under supplied. Africa will not feature before 2020 or later due to sovereign risk issues and iron ore needs massive capex. Aussie stable investment Env is best for Chinese cash and supply certainty. Relax...
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Hi guys, I remain comfortable with my AGO 16% of portfolio...
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