AGO 0.00% 4.5¢ atlas iron limited

I was just outlining basics. there is more to it, You also have...

  1. 111 Posts.
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    I was just outlining basics.

    there is more to it,

    You also have to remember that a lot of AGO debts were traded at extremely low values, I believe, stretching my memory back to that point in time Iron Ore was very much on the nose. FMG was around $1.50, and the AGO debt was being bought and sold at around 50% discount.

    Now some of those investors that bought AGO debt @ 50% can afford to sell AGO shares @ 0.013 and still break even.

    That is why it is paramount for AGO to display VALUE, because once that value is generally accepted then lenders and investors will be less likely to sell at a discount merely to recoup their investment, and forego the underlying intrinsic value.

    I made a mistake, by buying back too early, but I can afford to hold on because I believe AGO is worth more than the currant SP.

    0.025 is great value, but it can fall further, no one can pick the bottom, but at that level I'd have another crack if I come across more cash.

    Also the 0.075 speed limit set by the options expires eventually, not sure when, but once they're expired AGO SP can realize its potential.

    Just had a quick look there are two sets of options expiring end June 17 and July 17, so I predict AGO to make it back to 0.05, by the end of the year, this is a very conservative prediction, and I wouldn't be surprised to see 0.05 soon, and possibly 0.10 by end of year.
 
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