shumsta I think you may have a worthwhile play. Still too risky...

shumsta

I think you may have a worthwhile play.

Still too risky for me.

What still puts me in the negative camp long term with AGO is:

1} I don't trust the management with regard to their overall cash costs.
2} There is a lot of supply to come on line in the next year and potentialy a big drop in demand from China.


However in the short term we are entering a Mill restocking part of the IO cycle and September is likely
to see the IO price rise!
AGO at 3.1c could easily double in value if the IO price
keeps rising.
It may look like all is lost, but if the IO price keeps rising, the Bulls will eventually win {short term atleast}.
So IMO there is a real shot at making a 100% return,
a little bit better than puting your money on red at
the roulette table.


Good Luck!