Thats why you never trust broker research. There is always a corporate reason to cover stocks. An $85m raising at 6% commission is worth an upbeat research report. This is how it works with all brokers. This is why I laugh when I read on hc about how XYZ broker values ABC stock at DEF price.
In any case AGO placement went to insitutions in UK. From what I understand they did a roadshow in London so the placement will probably go to sticky hands. BUT in this market who knows.
Lets pray for a good night in the US. I doubt it though. AGO may unfortunately come back to $1.30. A lot of hot stock will need to go once it come backs on. Very worrying. This is an opportunity though. Back the truck up.
AGO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held