If AGO goes into administration, page-27

Sad state of affairs. Perhaps if they do a massive CR to get rid of debt they could survive with massive dilution to shareholders, but I have my doubts as I suspect FE prices are going to be low for the long term.
You can point the finger at the big boys Rio / BHP etc, however AGO management knew this was happening & did nothing to prepare for it as they believed that China would just buy more. AGO had plenty of warning to hedge & also pay down debt, instead they chose to expand.
I feel for share holders who have been caught up in another mining blow up due to the ego of management.
Good luck & I hope it pulls through.