AGO 0.00% 4.5¢ atlas iron limited

the sun's gone down, out come the down rampers.i'm not a...

  1. 10,824 Posts.
    the sun's gone down, out come the down rampers.

    i'm not a chartist, people who think past performance is any indication of future prices might as well just talk to a clairvoyant. but look at this lovely chart. it says it all. since 1st Jan 2009 AGO has fallen 37%, whereas BCI has risen 975%.

    how has this happened ? BCI has increased tonnage while maintaining grade and reducing costs. AGO has increased tonnage while decreasing grade and increasing costs.

    credit swiss thinks AGO is worth $1 - well big deal, it was at $1.06 two weeks ago, they are hardly putting theirs on the block, are they.
 
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