unbelievable value

Investors were worried that AGO were running out of IO deposits
Todays announcement = tick
Worried about debt
Debt consolidation in May / June = tick
Worried about income
record IO prices over the past 24 months currently between $100 and $110 AU = tick
Worried that there was no one willing to buy the large parcels of shares sold by the debt holders
yesterdays announcement of fund managers willing to buy in = tick
Worried no leadership and poor management
Welcomed a new CEO with good track record = tick
Worried about ability to fund ongoing operations
$89 million in bank with estimated $75million profit for dec 1/4 and fwd hedging against potential drop in IO

If in six weeks time the SP is 7.5 cents don't blame anybody if you haven't purchased yet. As posted earlier procrastinators will lose out big time as this is a hugely undervalued company and when it swings it will swing sharply. Also beware those that dare to exit along the way hoping for a down turn on profit taking as now with the institutional investors arriving you may not get back in at a discount. Even with IO dropping to $60US this is still a 500 million dollar company = 5 cents ++ stock.

All the best to AGO holders!!! Your patience is about to be rewarded...

2.8 cents BARGAIN!!

just for comparrison
FMG mines 165million TPA and has a market cap of $112 per tonne mined
AGO mines 16million TPA and has a market cap of $16 per tonne mined
Yeah Yeah Yeah FMG has a lower cost per tonne mined but they have 80x the debt of AGO