bondies are probably selling because of conversion rates aus/us...

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mechanic

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29/08/17

19:33

Post #: 26846994
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Originally posted by Samboy69 ↑

Hey @hoony86

Im still here but not crying, I did my crying watching this stock tank from 80c to 1c over the last few years fortunately I didnt have a lot in it and used profits from my profitable trades in AGO at 80c and $3. Now all of you rampers are guessing when AGO will breakout again, but it already did in Jan 2017 from 1c to 5c then back to 1.3c.

The market liked the presentation but its nothing new really & looks like the bondholders had their sell stashes all ready and waiting for the retail buyers with 192M shares sold down at 1.9-2.05c all day so it couldnt break out yet again.

They have sold you a dummy pass with a red herring.
If the bondies liked this and it was good news they wouldnt have sold 190M shares today but would be buying and the SP would be at 2.5c but its 2.0c.

Look closely & it was Q2 that made the year for AGO as proven in the SP 5 bagger then as Q3 Q4 were terrible resulting in a 5c to 1.3c drop and now AGO has increasing costs as I said would happen and lowered production so lower income and lower cashflows meaning debt paydowns unlikely till January 2018 assuming IOP stays 70+.

No announced debt paydowns yet again. If cashflow was going to be +$10M increasing cash to $111M+ then they would have paid down at least $8M in debt and announced that today but havent.
The presentation looks more like a targeted business sale praecipe.

Ask yourselves why arent there any debt paydowns and why are the bondies selling so heavily over 1.8c?

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bondies are probably selling because of conversion rates aus/us at 2/2.05 its very attractive,why pay down more than you have to , new projects on hand require inventory called cash keeping the larder full ist good practice, so is i/o going up down or sideways, my handy crystal balls will not tell me so I sold ----now gotta look for a new entry

AGO Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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bondies are probably selling because of conversion rates aus/us...

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