AGO 0.00% 4.5¢ atlas iron limited

Iron ore price, page-753

  1. 739 Posts.
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    couldn't agree more with that summation....they have other priorities elsewhere so are taking some/all/most(??) of their capital off the table....but, if you keep throwing stock at the market and it keeps being taken up as fast as it's offered and doesn't put pressure on the price....the pent up demand is surely equally enormous and the price is only going one way....like all of us here that have read the possible/probable profits going forward, it doesn't make sense that a company could be making 100-200m profit over the next 12 months and be valued at less than 250m?....as the mcap gradually rises and it starts to approach asx300 then asx200 levels again then funds will have to start buying again....maybe some already are in the background.....a fund could soak up nearly 1/2B shares before it hits the 5% disclosure level....

    kind regards, SEAH.
 
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