The two newsworthy elements that point to the future of AGO were written not about AGO this week. And they did not involve trying to decipher the half yearly, or the tea leaf predictions on China, that historically have been very accurate.
They were:
1. FMG describing a juniors attempt to hold FMG to its rail infrastructure, and FMG identifying them as uneconomic operations. FMG is left with the fleas in a strategy that has gone wrong from failed attempt to open other rail access.
2. RTIO announcing a further 700 roles out of business. Now not only will that reduce C1 costs in a leaver AGO no longer comparatively has, but gives a further indication about where the majors still see prices landing, expectations of margin, and an ongoing relentless endeavour to maintain market leadership as margins will be depressed for the long term.
Scalable Infrastructure. Further Cost saving Opportunities. Greenfields projects ready to turn key at slightest indication Market Share opportunities exist.
Im not sure some of the posters above are simply not spruiking the company, are engaged by or on retainer to company, but when you close a run of unsubstantiated claims to preface that its all up from here with a call to nationalism as end point, Im not sure a Day Trade platform is the best place for that if not willing to quantify the claims.
AGO Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
