AGO 0.00% 4.5¢ atlas iron limited

AGO is a takeover target even more now, cheaper MC makes it...

  1. 9,532 Posts.
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    AGO is a takeover target even more now, cheaper MC makes it easier, maybe be bottoming out 40-50c now. If IOP rises back above 80-85US then watch out.

    I was buying AGO at $3 in 2011 and again recently at 62c so i think the bottom will be in soon,

    war is good for IOP, and the wars are just starting in mideast, arab countries and ukraine and africa. Yanks and chinese will need a lot more steel for bombs and weapons and then the rebuilding of what they destroyed as usual. Cant see a crash till Oct 2015 when global inflation and rates rocket up on growing GDP.

    I expect a takeover bid for AGO at these prices. MIN or RIO obvious choices.
 
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