Someone has been selling this like mad and picking off margin loans and stops on the way down.
- down 41c in 9 trading days from 1.87 to 1.46
- now only 26c above September low of $1.20
but
- made $30m cash surplus in Jan
- IO still at $154/t
- FMG etc going the other way
When do sellers run out of ammo??
Could go up even faster than it has gone down. Logic dictates AGO price nearer $3
Someone has been selling this like mad and picking off margin...
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