Spiderman,Great post. For sure cash is not King when the stock...

Spiderman,

Great post. For sure cash is not King when the stock market is offering bargains and that was what AGO has been over the last 6 months.

AGO hit $4 back in the summer of 2008 and then tanked with the onset of the GFC.

Compared to when it was last at $4 we now have;
1. Higher iron ore prices.
2. Port access through AXO merger.
3. More exploration land through WRK merger.
4. Significant interest in Ridley and a much higher price than previously expected.
5. Development potential of high grade deposits with Okagee port and rail approval.
6. Boomeing Asian demand.

The only negative is risk tolerance and this is again on the rise. Selling out at anything below $4 would be throwing away cash.

BR
Max