While you may have a point in the short term (days, even weeks) as a medium/long term value investor AGO makes good sense to me. Of course if iron ore goes into another price death spiral all bets are off. But if not, then we are on a firm footing for a higher, even much higher sp in the medium term (at least in my view). I, for one, am topping up at these level.
AGO Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held