why not $2.50 ?? mkt can get rediculous $2.20

Yes a 2.50-2.60c SP or even $2.20 is ridiculous and highly unlikely, but can never completely discount what the market will do.

If companies were never ridiculously undervalued, I wouldn't even be in the stockmarket since its those companies I get into.

Sometimes companies just have a really bad time of it and drop well below where they should be.

Or there could be a market shock and we have had plenty of those since the GFC...

And it's these companies I generally look for. The market isn't always right and at times stupid and value appears.

Unfortunately sometimes it happens to stocks you already hold, but usually that's just a reason to top up.

If AGO dropped to the 2.50-2.60c range real value would appear and $2.20 it would be a screaming buy..I would sell most other shares I own (except NAB)and switch, unless there was a very good reason for the drop (ie iron price price collapsed.