I didn't think I'd get another chance to buy around $3. This should be viewed as a great opportunity I reckon. Production growth profile, take over target, debt free, nearly 400m cash, low on cost curve, great reserves and the all important intact trump card of port capacity... I'd say if you can afford it, you should top up. I am trying figure out which other stock I might sell to add to my nearly 20% portfolio AGO holding. I am an iron ore bull having seen what is happening in china first hand. Remember as Kloppers points out, only about 30% of promised production comes to market on time due to project delays around the world so AGO is in the box seat to get a slice of good prices and or be bought by a big fish needing a piece of the iron ore pilbara action.
AGO Price at posting:
$3.03 Sentiment: Buy Disclosure: Held
