I'm still of the opinion that its just the big boys reducing their exposure now that the IO price has levelled off at what is really a superb high price for AGO to make cash. IO price will not keep reaching for the skies indefinitely so to see it stabilise at these levels is great.
The selling off may a few at once and Bain being over 5% have had to declare by way of its asx notice. So imo its definitely not panic selling.
To me this is the last opportunity for a cheap fill........
There is too much good news in Mar/April.
ASX300
Nett debt zero, possibly even now already.
Another substantial debt repayment
Q1 2017 profits which should be awesome qtr-on-qtr.
Commencing construction at Coruna
Debt free prior to mid year
..........the list goes on.
Look at it this way..........where would the SP be if the debt holders weren't selling into the good news??
I have to say this Walsh guy should leave his religious views at home, its great that he has a faith and backs it but there is nothing more unprofessional and unimpressive than bringing that to work. Signing off to a shareholder with a religious connotation is seriously lame.....from a director its even worse.
Focus Mr Walsh..........
