Given the sharp IO price rise this week (futures up as well), the supposed new price floor being talked about by analysts, and the solid performers by miners, is AGO a chance to resume operations and trading in the next few weeks?
The dull mood around commodities and IO in particular seems to have turned on a dime this week, following announcements by some of the big boys around scaling back supply, also supported by strong quarterlies etc
Are we still some sort of chance? Understand we're still losing money at current prices, however if this positivity continues that could change quickly.
AGO Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held