This stock is so cheap at the moment that the analysts will be putting out the "Buy" signal soon enough. Then there will be a stampede to buy at this rediculously low price. My suggestion is to buy in now as this low price won't be for long. The banks have had their glorious run and shareholders are taking profits and are looking at the mining stocks as they have been beaten down mercillessly. Also keep in mind the Australian Dollar dropping in value, the world economy picking up, an election coming up with a possible (well certain) change in Government. Not to mention that AGO is a company that is doing very well financially with low debt. It is also about to release information regarding a railway which will open up access to its other mining sites. Not to mention it is a prime target for a takeover or joint venture. Just a few positives to try and even up the negetivity around here.
AGO Price at posting:
77.5¢ Sentiment: ST Buy Disclosure: Held