"However there is more to the SP slide than is being revealed to us mere mortals."
One possibility is that there is mistrust of AGO's management and/or some serious operational problem that AGO has not revealed to the market.
How about the simpler explanation: the old game of targeting and busting stop losses and then buying back a few cents lower? Rinse and repeat. This game could go on for a while longer. Technicians might say now about the AGO sp: "chart says support at $1.20" - lol
It takes some big ballsy buying on fundamentals to reverse. Thought AGO's little tick up two weeks ago into the high 1.80s was a first sign of such buying starting to arrive. But looks like we will have to keep waiting. In meantime, cash-flow is rolling in so this is not a bad position to wait from...
AGO Price at posting:
$1.42 Sentiment: None Disclosure: Held
