Iron ore bullish as Chinese futures surge, page-9

First 9 Last

Share
Profile

Follow
Ganesha

1,313 Posts.

119

26/10/16

10:13

Post #: 20126048
Share

Originally posted by asx_dude ↑

Absolutely Haplo!

Ok folks all in my opinion....
Positives
AGO recently profited between 25-35 mil per quarter.
I predict IO will continue its inevitable fundamentally supported LT trend upwards beyond 60-70 per tonne.
LT IO bear market is now history.
LT bearish trend broke in Feb 2016 this year into a new bullish trend.
Supply demand has balanced with demand now improving in China along with emerging countries in early stages of urbanisation. US infrastructure spend highly probable in my eyes regardless if Trump or Hillary wins.
Within 6 (bullish) - 9-12 (conservative) months AGO has the potential to wipe out debt entirely.
AGO has Lithium potential and should be exploring its potential.
AGO produces 16 mil tonnes per year and even if some mines are near end of life AGO will most certainly ramp up Mt Webber, C Downs or McPhee with minimal cost increase to maintain similar production.
AGO is positioned well on the cost curve just outside the majors and Roy Hill.
Utah Port remains for the likes of local industry such as Atlas.

Negatives
9 bil shares on issue and options.
???????? and.....

AGOs fundamentals are improving daily as IO marches upward.
1- 1.1c SP range has not moved for a while.
Something has to give.
My hunch is when AGO moves it will be a major movement upwards.
Its well overdue.....
Good luck AGO holders and anyone who has capitalised on recent lows.
Hopefully these lows will be a distant memory very soon.

Expand

Nice Summary dude, one negative (maybe neutral or positive) is the MCS issue (t'port) otherwise I topped up another mil shares couple of days ago...I see only positives...IMHO we won't be buying this low again...GLTA

AGO Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GRX

GreenX picks up prospective copper project in Germany

WGX

Westgold sets its sights on top five producer status through merger with Karora

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

There are more pages in this discussion • 369 more messages in this thread...

First 9 Last

Add AGO (ASX) to my watchlist

Iron ore bullish as Chinese futures surge, page-9

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Featured News