I reckon this week's plunge reeks of panic selling. Sure the shorters and their robots have got us by the nuts at the moment, but looking at the volume for the week, less than 90mill shares traded against roughly 920mill on issue, so obviously a lot of substantial holders are sitting pat. Now sure I would have preferred to buy in at these prices than when I did, but if AGO's bankers don't sh!t themselves, I believe (hope) there'll be a rebound in IO prices & share price. IO buyers shouldn't want all the juniors wiped out to be left with only Vale', RIO, BHP & FMG to deal with.
All IMHO , of course.
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I reckon this week's plunge reeks of panic selling. Sure the...
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