AGO
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0.00% 4.5¢ atlas iron limited

Can't understand why AGO gets punished more than FMG.We have no...

  1. Plucker
    1,066 Posts.
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    30/08/12
    11:58
    Post #: 10646122
    Can't understand why AGO gets punished more than FMG.
    We have no debt and lots of cash, although it will get spent on the expansion to 12 mill tonnes.
    FMG is highly geared and falls in the IO price have a magnified effect on the financials.
    I thought AGO would be a better bet than FMG - but apparently not so.
    Any comment?
    AGO Price at posting: $1.38 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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