Ok but I still dont see where the $3 comes from for AGO.Why...

Ok but I still dont see where the $3 comes from for AGO.

Why would it triple in value in current economic climate?

My view is AGO is more likely to fall further over the next couple of years. But thats just my speculation. I would not be buying anything in current climate. Perhaps take some tax losses and wait a while or some short term plays on deep falls and spikes. By the way I sold off my latest mmx buy in and took profit. Now waiting for another market hit before i venture in again. Same deal with AGO - good for short term trades.

As for MMX it seems Sinosteel are slow players at moment. Who knows what will happen? However, despite that, i perceive mmx to be in play sooner rather than later. I just hope i am in mmx when /if the t/o occurs.