i dont pretend to have any idea as to why AGO's share price has been sold off, but i think its clear it cant just be explained as budget speculation.
the stock has been trending down since July 25 last year when ironically it went within a whisker of an all time high at $4.34.
Over that time the AUD has depreciated, the all ords has risen 10%, IO prices have largely risen, the Dow has jumped strongly, China has continued to show strong growth, Europe has steadied, and Atlas has avoided major disasters and gone very close to meeting production targets.
I'm a long, long term holder who doesn't get bent out of shape about the share price having a bad week. BUT, a 10 month downward trend is a concern.
I think I will make the trip across to Perth for the AGM this year as its time tough question were asked. For one, I'd like to know why they cant get rid of Ridley despite all sorts of positive talk over many years it was about to happen.
If others have explanations for the 10 month slide, I'm keen to hear
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