Iron ore price, page-4385

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Tcb007

20,105 Posts.

2633

01/09/17

19:51

Post #: 26942718
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Originally posted by Samboy69 ↑

All this ramping and yet you guys see a win at 0% change!
It was smashed at open with more heavy selling, another 110M volume and lucky to close level instead of down, even FMG went down,

All this talk of the IOP rally yet again AGO is the same SP today as it was on 1 August

The hard ramping has taken it nowhere and the expectations of a jump have been dashed many times.
As long as they dont paydown debt and dont reduce shares on issue with buybacks we are treading water till December imho.

In Q3 Q4 they should have made $20M+ but didnt. They should have paid down debt since Jan but havent.

I never said the AVRP would be 53 I said it should be in Q1 66 but will be 60 - 57 costs same as Q4 of +AUD$3T minus extras so cashflow will not be great due to lower income and lower production they announced.
If the cashflow was +$60M for Q3 Q4 Q1 they would have paid down another $8M in dent as they said in March but havent and it wasnt, surprise!

Im just waiting to see the bondies capitulate sell 500M again and a drop away to 1.5c again as AGO sales have been well below the IOP rises in the last 2 quarters. Very unconvincing currently.

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Copy & Paste, FMG went ex div today, so did you expect the share price to close green?
Legg Madon are net sellers champ, so don't expect a breakout when the hundreds of millions waiting to be dumped. When sentiment favours the buy side, we will get an almighty re-rating that will take everyone by surprise.

AGO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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