Nothing too interesting from the presentation except and update on Ridley. - There are 3 key players interested in Ridley (Chinese state owned enterprise, Japanese steel mill and an Indian Saudi group). - Transaction is 'Coming to a head' and will be completed in second quarter. - Wodgina has only sold 30% of off take and held off on selling the rest (which could have been sold off 5 times over), there is 'potential' to use remaining off take to sweeten Ridley deal or sell on the higher priced spot market.
AGO Price at posting:
$2.39 Sentiment: Buy Disclosure: Held