Yes funny they made that point about the discount. And yet as i said yesterday:
".....last year they stated that they had forward sold for the next 2-3 years 60% of production and that the discount for grade was materially lower than it had been (and presumably a lot lower than it is now). No mention of that now????"
If that was for real why not mention it yesterday?
Of course we will see materially lower income and profit this quarter. Need to take a longer term view for IO stocks IMHO.
H
AGO Price at posting:
67.2¢ Sentiment: LT Buy Disclosure: Held
