Iron ore price, page-2962

Hartley's research came out yesterday. They have increased their price target from 2.1 cents to 2.7 cents, "AGO is still risky, but less risky than it has been for a long time". They have a conservative forecast of the IOP as does everyone, if current IOP levels could be maintained then price targets rise quickly.

Hartleys Barnet highlights AGO is a take over target, "there are substantial synergies for an acquirer", read FMG, (There is good low risk money to be made here for FMG to unlock AGO's NTA, they spend $500 million to make $1 billion, they should do it).