Its not like their fundamentals have changed significantly. Yes the I/O Price has dropped from 190 to 160 odd for the FE62, but long term demand from Japan is now going to be higher. Consumer spending might soften, but poeple need the core items like houses, cars etc. Maybe not the Gucci bags and shoes.
AGO has enough cash, and i much pefer to be buying at these prices then when AGO was above $4.00. Margin of safety. thoughts are with the poeple.
ASX HOLDINGS: AGO RIO FGE MCE Private HOLDINGS: Willmax www.willmax.com.au
AGO Price at posting:
$3.18 Sentiment: Hold Disclosure: Held
