This is getting very ugly now...... shorters are having a field day.
I remember back during the panick of the GFC Atlas got as low as 40cents one day. I had already bought in at $2 and thought.... well I'll never see that money again. But I held on, even topped up a few times back in the mid 1's.... then the plan came together and the I/O price flew and after a couple of years I made some good money. Selling my AGO stock last year was really tough, it was like a child leaving home.... since then my other investments haven't done well... but not as poorly as AGO.
In saying that. This is not the time to sell, this is a sound I/O producing company with no debt, massive reserves and plan to expand. It's just being prayed on by short traders (don't you just want to gouge their eyes out with a fork!) at the moment as has been the case in the past.
The share price will reflect the underlying value again, but it may not be for a while yet.
Hang in there.
AGO Price at posting:
$1.43 Sentiment: LT Buy Disclosure: Not Held
