I try not to get too hung up on the news and fundamentals to much, for exactly the reasons you mentioned.
I will say that I don't expect any short covering rally on FMG though (unless twiggy pulls out that rabbit), they will stay short, until a cap raising is announced and participate in that to cover.
I thought AGO was quite readable this week (unlike some weeks recently), it seemed to make good sense and I liked the price action.
I have done up a bar by bar for last week on the daily chart, without considering the news, IO price, Super Mario or Ben, just the high, low, close, volume and some reference's to the parent Index.
cheers
AGO Price at posting:
$1.65 Sentiment: Hold Disclosure: Held