i'd go further. if you believe in iron ore then buy AGO big, fill your boots, and don't look at them for 3 or 4 years when the grand plan is implemented - rail deal done, spurline to jigalong construcuted, port finished, and shipping at 46mtpa. there's not a better junior IO company to be buying. forget SDL, you have all you need in WA.
if you're worrying about the share price in 3 or 6 or 12 months time you'd be much better off selling, and you're as bad as the micro-trading bots you are complaining about trying to make a quick margin.
BTW, i did a DD on mt webber a few years ago when giralia were selling it. couldn't see what the fuss was about. horrible high phos, low grade, and I ended up putting most of it on a low grade stockpile just to mine DSO grade. definitely not impressed - worth a $146m investment.... hmmmm.
AGO Price at posting:
78.0¢ Sentiment: None Disclosure: Not Held