AGO 0.00% 4.5¢ atlas iron limited

AGO is now rebounding from its lows. Reason is that market...

  1. 9,814 Posts.
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    AGO is now rebounding from its lows.

    Reason is that market realising that -
    - AGO COP is dropping to $50UST and lower to $44UST as I predicted months ago
    - lowering AUS$
    - AGO COP lowering on the prepaid expenses and expenses converted to equity shares to the contractors
    - lower WA Govt port fees & royalty charges
    - IOP of 56 is rising again toward 60 as predicted by the World Bank as posted on here
    - difference between AGO COP v AGO sales is expanding = margin expansion
    - cash is increasing at bank right now
    - debt/LVR ratio is actually reducing
    - production is rising hitting record volumes = higher income

    The real question is when is the volume breakout and SP breakout from 2c -4c going to occur? Its a slow and steady buying spree by these accumulators, over 700M shares traded since reopen.

    Today at close, buyers! A green Doji, in 2 weeks its risen 55% from 2c to 3.1c, what a stunning return and its just getting warmed up. IO stocks all up today.

    IF IOP rises sharply like OilP & CP recently then watch out for a major move in AGO SP upwards.
 
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