All in opinion:
How about you show to AGOers the LT IO trend from:
April 2016 (multiyear bear market ended) to now (IO/Commodity market cyclic recovery in early stage)
AND
2008 to now (showing how far the commodity bear market exhausted itself until it collapsed into a bull market)
In my eyes LT graphs show the recovery in motion as GFCs become history and world growth and modernisation / globalisation Mach 2 becomes the norm.
What investors are witnessing is an overdone retrace from the LT fundamentals within a bullish range basically:
Lows in April 2016 are long gone.
Lows are higher
Highs to be higher.
Feb last year AGO was over 5c with more debt, no lithium JV deal and less cash.
This Feb its HIGHLY probable AGOs SP will easily exceed 5c into the 7cs
LT fundamentals
We're emerged into a LT commodity bull cycle which in my eyes will last into the next decade. Why?
China is still growing off a bigger base. It's only just over 50% urbanised.
Western countries are over 70% urbanised but they need to adjust to a new cleaner technological revolution or be left behind those countries who get on with the inevitable. The world will be moving away from fossil fuels and rebuilding better, faster, economic and environmental friendly transportation and revitalised infrastructure. China is leading the way.
US are overdue to rebuild into the 21st century.
Australia needs to get their head out of the sand with regards to dealing with a bubbled property market. Into a multiyear bearish property cycle as rates climb, debt engulfs those who overborrowed and supply floods the market as demand falls. Time for Australia to collect the money from mining the best it can (given we're now entering into a mining profit boom) and start planning ahead with better infrastructure which will last a decades. Indias growth will increase year on year into the next decade as it's need for quality imported IO increases will follow in such fashion. China Mach 2.
IO global demand is on the increase.
ST and MT focus is fine for traders however LT investors tend to focus on LT cyclical markets, LT technical trends, economics, urbanisation, growth, innovation and general fundamentals.
Aussie cash cow producers have been gravely underestimated. The only investors who will lose out are ones who bailed out (near lows) and investment houses which take far too long to adjust to the inevitable cyclic bullish commodity market as inflation and interest rates rise where debt grows and cash is king. AGO is making lots of $, it's net debt free and will soon have 0 debt as money keeps rolling in from its LUMP product.
Potential upside:
Further debt reduction
Mt Fransisco drilling eg Lithium
Positioned and ready to reap the rewards of AGO. Good luck all...
