We all have to wait for and sit tight for a while.
The current iron ore market will change imho, the stimulus package that the Chines gov has put in place will deliver for us.
But this will not happen overnight the Chinese need some time to get the ball rolling again but we should look much better in 6 months or so, as the chinese gov w implement its plans.
Once the stimulus package gains momentum and building of infrastructure start to take off we will see the appetite of china for iron ore coming back.
AGO will be well placed to make the most of this change in fortune and this will certainly translate in a stronger share price.
But for now we just have to be patient.
jojo
AGO Price at posting:
64.0¢ Sentiment: LT Buy Disclosure: Held
