This one had a really strong finish today. Punters came for it late and pushed it up in the auction to finish at $2.27
Also interesting was the change in depth volumes on the buy and sell side, with most of the day seeing large disparity between the two with larger sell depth than waiting buyers but in the last 20 minutes the buyers came for AGO.
Next week may be interesting for AGO if the punters continue to come for the stock, the ore is now being loaded and shipped, the company is ramping up production, fantastic profits to be recorded every month according to the company, Its probably just a logistics issue now, nevertheless, if your in Ore, I reckon you wanna be in a company that is loading and shipping now before any resource tax may come- hopefully it doesnt get through the house of reps. Anyway, by the time it comes in- if it comes in, Atlas will have moved lots of its DSO and banked alot of cash.
I'm happy to be holding this at this stage. As I said, hopefully the buyers continue to come for it next week!
AGO Price at posting:
$2.27 Sentiment: ST Buy Disclosure: Held