I'm not going to claim for a minute that i'm an expert, but not...

I'm not going to claim for a minute that i'm an expert, but not sure if i agree with some of the commentry above, nor the logic behind the slide in SP.

Expansion plans have been known for a number of years, so why would the market all of a suddden question how AGO will acheive/fund them? The expansion challenges they face today are no different from say 2 years ago.

I think the long term price of IO and the China story are the more likely culprits for the lack of love for miners. However, i think it's way over done.

The absolute hammering of AGO's SP predicts a decrease in demand from China and an IO price of around $80-$90 or maybe lower, which is a long way down from the current price of approx $140.

A couple of options as i see it:

1. China remains steady and IO price remains at current levels = strong rebound for AGO SP

2. IO price does fall, but not to levels that market is pricing = moderate rebound for AGO SP

good luck to all long suffering fellow holders.