I agree with you to some extent but i would say there is a couple more years before the peak, Lets not miss the point, that was China not global.
On another note there would have to be a few hundred million tonnes that would need to be displaced from higher cost producing countries other than Australia ?
Those countries below Brazil would need to give way anytime before AGO would fold. I think all the mid tiers will still be here in years to come but the SP i don't know 5 cents or 50 cents, I don't have a crystal ball, er6n stole mine!
So those saying AGO will go belly up need to rethink it. I seriously doubt it, will there be cap raising ? maybe ? will the FX come to the rescue ? maybe ?
AGO Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
