The fact of the matter is that you can construct a pretty bleak outlook for any share on the ASX.
AGO is definitely at the riskier end of the spectrum, and 'yes' if the IO price goes low enough and stays there, then we will probably be wiped out. However, the current board/management seem to be good operators facing temporarily tough conditions.
Even if AGO simply scrapes through for the next few quarters, subscribers at 5cps should do very well.
Obviously, times are tough and the outlook is bleak, THAT'S WHY WE ARE BEING GIVEN THE OPPORTUNITY TO SUBSCRIBE AT 5CPS. If the IO price was on a tear then you can bet that the offer wouldn't be at such a ridiculously cheap price. Twiggy Forrest has already indicated that he is going to be putting some of his personal money into AGO, and nobody is more aware of IO in Australia than Twiggy.
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