So is FMG result good or bad for AGO? FMG costs are falling sharply hence they can discount 35% easily whereas we find the discount harder to manage, so probably bad for us from that perspective, but I do think AGO is takeover target so a strong FMG is good for AGO. And a strongly profitable Pilbara region is good for AGO.
Yep, I'm still waiting for a 1.9 close to negate the sell signal I got last week when we went 1.7 offered, I'm still in.
AGO Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
