sloarunner, well done, if you did your research then that would have been an easy trade to make.
I am all for loading up if it is a good idea. I simply didn't have any money to spare to buy more.
It looks like your average entry is 44.5, so hopefully the green ink will get thicker and thicker over the next few months.
My 6 month target is 70c + if iron prices don't deteriorate much more. I expect china to do some qe and more infrastructure to keep the masses happy in a slowing economy, we'll see how that goes.
AUD will be around 66c in the next 12 months, so if iron does't drop too much in USD then things will look better.
Lots of variables, but I bought AQZ for its NTA value. Hopefully management shows some sense in managing the company in the interests of shareholders going forward. The market sent a loud and clear message about over promising and under delivering.
AQZ Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
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