What a total load of crap we are forced to read on here!
We were told
- IOP was collapsing from 40 to 25
- AGO was going into liquidation several times, never happened
- AGO was loss producing, false
- IO market was collapsing, incorrect
- AGO was in breach of bond covenants 2-1, denied by ago releases
-AGO couldnt get bondholders to take equity for debt, wrong!
- no one was going to pay 5c CR last year, wrong $60M received
- AGO sales would collapse, wrong, sales of $850M stable on record production
- creditors & contractors wouldnt invest in or support ago, wrong, they massively did with real money & equity
- ago would become another mbn, west newspaper suggestion, wrong
- shares will crash to nothing, wrong, bounced up and down many times
Now I read, no one wants to buy shares yet 1.2B sharrs have traded since relisting & it was 2.7c then & 2.7c now!
These vicious traitors to australian jobs & australian mining industry spew out vicious lies & false projections, I asked these downrampers to apolgise as my maths were spot on as to ago cashflows & production & increased cash at bank.
in fact the only correct calls of any credibility were from Hartleys, who on sunday again in peryhs sunday times, reiterated spec buy on top of their prediction debt would be repaid in cash early by 2018, & nick evans of the west newspaper.
Whether you like it or not,
AGO is alive, kicking, profit producing & soon reducing debt & swapping most debt for equity by agreement, meaning, us creditors want cheap shares unswecured rather than secured debt, a very positive outcome for the business.
The real issue is, what will happen to the SP?
well its gone up & down & we saw with MBN when the debt issue was resolved in july 2014 a 22 bagger run from 1.6c to 44c in 3 days.
So sure their will be more shares, but the balance sheet & share register much stronger with a thriving profitable cashcow business with record production. From the last 2 weeks of more massive share trading, it looks like many buyers think we are at or close to bottom.
My call is 1.0c was the bottom & a ramp maybe on to benefit all holders.
so stop the crap on here & face reality, AGO has survived & is a strong cashflow business with reducing debt & increasing sales & reducing expenses!
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