Ok, so the diesel rebate wasn't cut, the aussie dollar is falling, Chinese steel output hit a record high last week, and STILL the AGO share price falls. Today down 4%.
I don't pretend to have the solutions but management cannot ignore this 45% slide over 12 months.
Who knows if AGO is a TO target or not. One thing is clear, at $2.40 you would think anyone considering such a move would be very tempted to act now. And if they arent acting, then you would think they aren't planning to.
Aren't I a little ray of sunshine today...
AGO Price at posting:
$2.44 Sentiment: LT Buy Disclosure: Held
