Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

When will the SP get back to 5c?, page-111

First 111 Last

Share
Profile

Follow
F01

2,781 Posts.

125

24/03/17

15:26

Post #: 23607072
Share

Originally posted by asx_dude ↑

In opinion, if it's a standoff, shorters are trying to fight a lost cause expecting the SP to go lower. AGO is almost debt free and making a sheet load of cash. The fundamentals completely trump ANY lame negative argument which simply has no weight. In my eyes it's the last of debt holders selling just before the incoming quarterly which will completely laugh in the face of AGO and IO doubters. Since mid 2016 IO many doubters have been wrong in their overly pessimistic IO, China and AGO forecasts and doomy outlooks. It's time investors look at the clear positive emerging fundamentals and forget the distraction from reality. If players want to accumulate they deserve to pay up for what AGO is really worth. Soon AGO will be 10c plus no doubt about it.
Watch out for possible early debt repayment, lowering costs, share buyback and smoking hot quarterly profits. AGO holders hold the advantage, fence sitters and shorters will be scrambling very soon i suspect.

Expand

AGO has almost no shorters.
Apart from that I agree that if IO stays up eventually AGO should do well.

AGO Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

First 111 Last

Add AGO (ASX) to my watchlist