Does anybody know how IO did overnight?There have been some...

Does anybody know how IO did overnight?

There have been some comments here about AGO should be trading much higher due to cash/income etc.

Well yesterday GRR had been trading at $25m below cash backing and offering a 13% dividend which will be maintained by $170m in cash. I had to rub my eyes when I saw it.

So anything can happen in this market. I just want to make that point for those who think this is the opportunity of a lifetime - there are always far greater opportunities in this broken market.

GRR had also been shorted. I now take the view that the opportunity has shifted from investing in undervalued stocks, to investing in stocks which are at the end of their shorting phase and/or have had mini-warrant stops triggered.