Speaking of good reports, the Eureka report gave the thumbs up to AGO. It pointed out as its pros its location in the Pilbara (iron country), access to ports, and its hematite reserves. There was also speculation that it could be a take over target, possibly FMG.
In the same article both SDL (not by name) and GBG were bagged. The first for not being in Aust, the second for its magnetite reserves, and distance from ports.
The tone of the report was to stick to high grade iron, near ports, and in the Pilbara!
AGO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
