heading for new low 60c, page-2

I normally ignore emails such as JTANG's, however to predict that AGO will drop to 60 cents because of their last report is a joke. He said he bought AGO back in 2010 for $2 then sold for $4, that is interesting when you do a comparison between then and now.

So as you can see AGO in 2013 is clearly way ahead in all accounts, yet the share price is languishing around 80 cents. Not only that but in July 2010 Iron Ore was US$126 and the AUD was the same as it is now US$0.89. Iron Ore in 2013 is around US$138.

The No of shares issued in 2010 was 474 Million, now it is 909 million, so taking that into consideration, even if you half the share price due to the share issue in Jul 2010 (which was around $2) it is still $1, they were still ahead.

One would think that if AGO is shipping over 7 times the amount of Iron Ore, at a higher price, then you would ask why isn't the share price higher?

Cash position in Jul 2010 was $155 Million, now it is $417 Million.

It's pointless even discussing this, AGO in 2013 is so far ahead of where we were in 2010, hence the thought of the share price getting to 60 cents is ridiculous.