Retracing back to my entry price in early 2006 of 60 cents.
Magnetite desposits are on the nose, as spot IO price tank. Have a look where ARH is now, around 40 cents (I also held some ARH from it was Sherlock Bay Nickel, but sold out to offset losses elsewhere). My ramaining IO share, AXO, has also tanked badly.
Pity, after all the great work done by AGO's management in proving up the deposit. Could be a long wait now that Chinese are gaining control over WA's mid west area. After that they will go after bigger hametite fish.
Rudd govt is unhelful in allowing Chinese to develop and own the mines themsleves. They can just play each small fry off against another to give up their deposits.
loki
AGO Price at posting:
88.0¢ Sentiment: None Disclosure: Not Held
