It is the ASX tho, it's not trading on LSE's AIM or Nasdaq or HKEx. AGO would be 30p by now on those markets if the news is "exceptional" but time will tell. Either way, after the CDU play over in high grade Cu space, it is anyone's bet what the 44.4% jump in AGO's SP to 23.5c is all about. ASX treating everyone well or do you think the bots rule?
AGO does have little leverage & a good cash position compared to FMG (depending on how u treat Twiggy's activism) & BCI. If Glasenberg switches Glencore Xstrata from RIO & its total emphasis on IO & IOP to something like South32, perhaps GLEN.LDN will TO AGO & beat up other players in IO as in the Glasenberg playbook IMHO but pls DYOR.
MGX Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
ARI Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
BCI Price at posting:
62.0¢ Sentiment: Sell Disclosure: Not Held
FMG Price at posting:
$2.83 Sentiment: Sell Disclosure: Not Held
AGO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
