Thanks for your insightful charts and their interpretation Tomboy, looks you've hit the nail on the head.
I'm holding a modest parcel at way higher SP, but have serious doubts about ever getting back there, so its the size of the loss that i'm trying to figure.
Of major concern is the impact of Gina Hancock's Red Hill operation and its projected 55 million tonnes output.
All the reading i've done suggests this starts hittingthe market late 2015, just when a big bunch of extra supply isn't what the market is calling for, given existing plentiful supplies, shrinking but still sizeable inventories at chinese ports and ordinary.
Given these factors, perhaps some corporate activity for AGO or unexpected lift in demand from India for instance could spark an SP price spike this year to cut my losses further.
Please keep posting your TA Tomboy, looks like your developing a strong readership and following.
AGO Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
