Hi all,
For interest sake I booted up a chart I like to follow showing the share price performance of AJM to AGO over the last 12 months. Well I can't say that anyone should be overly surprised about the results, but it does go a long way to explain the share price decline over the last month or so - that opportunity we are tied to AGO. Also I thought it would be a interesting discussion point:
The chart is simple but I don't believe you need anything sophisticated to show how tied in we are with AGO.
AJM's long-term future does not rest with AGO. Why is our share price still in decline when we expect the JV arrangements to be completed by 30 June 2013 and Mt Webber in production approximately by year end?
Why so many getting out when I think it's the prime time to be getting in?
We already have a producing coal mine Indonesia, and other posters have already stated that AJM's book-value on market at the moment is worth less than AJM's share of Mt Webber alone.
Any thoughts?
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Hi all,For interest sake I booted up a chart I like to follow...
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