Londoner You may well be right. Stock market trends are real and are no different from any other trend.
What I would suggest to you is this current trend is on the back of the depreciating IO price, which right now seems to be hitting some resistance.
It may well bounce, at which point AGO's underlying profitability will send the share price into orbit and all these shorters on here could will end up being its saving grace.
We have gone from producing 1mtpa to almost 10mtpa in less than two years. A rail deal is in the wind and will make a dramatic difference. It is in FMG's interest to have customers for it's railway investment.
AGO has been known to upset, on the up as well as the downside. I still think it is more likely to bounce from here, but good luck to everyone no matter what your position is.
AGO Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
