Carnage, the company's fundamentals are solid. It is not debt...

Carnage, the company's fundamentals are solid. It is not debt laden (no being highly geared is a BIG DEAL). AGO has a big lump of cash, IO price is holding nicely. AUD is low and heading lower. Ore will be shipped at high volume (if they miss the output target by a margin, it sure aint the end of the world, it sure gives the shorter more of an excuse).

I am a long term holder and will buy if I have cash on hand.

A combination of negative factors converged in the last half that co-incided with the company massively writing off the impairments which I think is deliberate to have a clean balance sheet (for some reason).

A rail deal (with FMG is done in all but name). The unit cost of ore shipped with plummet once rail is not only accessible for Horizon II (the long life resource) but for Horizon I as well.

AGO has 46MTA of port allocations making it an ideal JV partner. You need the port to get ore to customer. Most Pilbara juniors have neither port or rail.