AGO
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0.00% 4.5¢ atlas iron limited

Hi Rcman, you sumed it up nicely. When spot price nudges up near...

  1. Matt747
    10,494 Posts.
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    05/12/14
    10:03
    Post #: 14413091
    Hi Rcman, you sumed it up nicely.

    When spot price nudges up near $80/T and AUD reaches $US 0.82 JUST in anticipation of one rate cut (2 IBs forecasting 2 cuts next year),  then you are looking at $AUD 97.5 spot price.

    AGO re-rating will then become a money losing enterprise to a profitable enterprise.

    You are looking at short covering on Ben Hur scale.

    BTW, Vale is looking at a potential spike above $100/T in 2015

    http://www.hellenicshippingnews.com/iron-ore-giant-vale-sees-rebound-as-glut-squeezes-mines/
    AGO Price at posting: 15.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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