It's more than shorting that is driving AGO down. Anyone on margin would have been called several times over. They'd all be out by now. Legitimate large selling is happening. There isn't really anything left to short in AGO, unless you started a few months back. Like so many others AGO is following the slow spiral of death. Only hope can save it in the form of iron ore rising.
This is business is losing money. The more iron ore falls the more these losses compound for the business. The only valuable asset AGO holds is port allocation, but no one is sure if these can be transferred anyway.
Goodluck, but look at this objectively, not with rose coloured glasses. Can't see this ever being a billion dollar company again ($1 SP).
AGO Price at posting:
23.2¢ Sentiment: Sell Disclosure: Held
