AGO 0.00% 4.5¢ atlas iron limited

end of the dream run, page-6

  1. 27,757 Posts.
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    temporary imo,

    china strong.

    For AGO, it just a little to far too quick, and while the 12m $6 and 3yr $10 price tags sat well, they are not present value, and i think the exodus of punters, who realise this.

    It will find support, and it will return.

    I sold at 3.90 ish, and look to re-enter where opportunity presents.

    The rally from 2.25 to 4 bucks was based on the broker report. If we assume that 80% of the volume blows its stack off, i think a 2.50-2.70 would be a no brainer.

    That may be a tad optermistic for an opportunist, but that comes with the expectation of an over run on the sell.

    Fair value entry would probably be around 3.00 IMO

    cheers
 
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