The story of AGO and the perfect storm the company finds itself in.
Its a lot of forces all combining at once
Management
Debt Holders
Iron Ore price
Weather
Options in or out of play
It will all play out as long as the correct steps are taken.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Warren Buffett
Opinion
I would love to see AGO do the following.
Pay off all debt
Buy back $6 million worth of shares
Fully fund CD from profits
Reduce costs by any means possible
Increase output by 12% to 15%
Wait for the next Iron Ore highs and hedge 50% at $75
Lawyer Trader RCman and the rest of the shareholders on this forum
I would love your opinion on this
Betification
Take the 58% grade to 65% grade
That would be the biggest game changer in Australian Iron Ore history.
Cost would be under $15 million.
AGO would be a big top 5 Iron Ore producer in 12 to 18 months.
Have your say what's your opinion
Wish you all a great Tuesday
No forget that, I think wishing you all a green day sounds better. Its like " positive sentiment"
The story of AGO and the perfect storm the company finds itself...
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