This is great value (sub $2) bought more today. Did not think that was going to be possible at the start of this week. FANTASTIC value at these prices. Thank you heaps to all those selling.
Sure it may go lower next week but i am thinking long-term. When this is generating 50 odd cents p.a in earnings i do not think that it will be valued under $1Billion dollars as it is now. 50 odd cents is about $250million in profits after tax. forward P/E of 4. Plus has HUGE potentil for increasing its massive resource base.
$1.98 what a joke and a bargain.
I would not let the short-term weakness of iron ore (spot market) and the BDI index put you off. This is a great LONG term investment. This is not ramping just stating the obvious to anyone that wants to dig a little deeper into the AGO story.
AGO Price at posting:
$1.98 Sentiment: ST Buy Disclosure: Held
