Australian (ASX) Stock Market Forum

AGO - Atlas Iron

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Yep I hold BMY too, lets hope that goes as nicely as AGO!!

Atlas Iron is a little gem, and it had yet another speculative buy recomendation in the Sunday Times...by DJ Carmichael. Saying how its was going to become the fourth largest iron ore producer.
 
dogwithflees1983 said:
Yep I hold BMY too, lets hope that goes as nicely as AGO!!

Atlas Iron is a little gem, and it had yet another speculative buy recomendation in the Sunday Times...by DJ Carmichael. Saying how its was going to become the fourth largest iron ore producer.
Click to expand...

Mate i know what i prefer...BMY...,AGO recently paid 4m cash for tenements,BMY paid...ready...0.0000,i like the area they have in between those 2 AGO/BHP,drilling starts soon at goldsworthy,once the wests tigers have won the grand final i will have a look see at BMY in the meantime ive been looking to grab as many oppies as i can...tb
 
adobee said:
I am surprised no one else on this forum is following AGO .. another strong day and buyers still piling up.. With AGO looking to speed up their production and the market positive to them raising more money to do this and take over other companies and reserves I see this as a potential FMG.. Go AGO!
Click to expand...

Hi "potential FMG" in what regards may I ask?

AGO - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -13.9 -2.9 16.2 66.7
DPS 0.0 0.0 0.0 0.0

FMG - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -2.6 -3.0 31.0 73.6
DPS 0.0 0.0 0.0 0.0

12Mtpa vs 200Mtpa max forecast production

Thanks

MS
 
buyers are outstripping sellers now.. another 12% so far this morning.. If the market turns around a bit this afternoon we might see an all time high round 2.85 ... I have to think there is some new news coming out I cant see that we can get a 30% increase for a capital raising!
 
Hi All,

Does anyone have access to Merrill Lynch research sent out today, they have initiated a price target of $6.00 and $10 in three years.

Thanx
 
Great work Wipz !! Sure does make for some very interesting reading...The future does indeed look very bright for AGO. Long term hold on this one! :D
 
dogwithflees1983 said:
Great work Wipz !! Sure does make for some very interesting reading...The future does indeed look very bright for AGO. Long term hold on this one! :D
Click to expand...

It is indeed a long term hold, however for someone looking to enter the stock for the first time, when would be the best time considering the current placement in June? Would one expect AGO to pull back leading up and during early June when the placement is expected to go through?
I want to get in, but i dont want to pay up at the current prices.
Any thoughts?
 
wipz said:
It is indeed a long term hold, however for someone looking to enter the stock for the first time, when would be the best time considering the current placement in June? Would one expect AGO to pull back leading up and during early June when the placement is expected to go through?
I want to get in, but i dont want to pay up at the current prices.
Any thoughts?
Click to expand...


What is the general sentement on placements..? I would have thought that having been announced people would already be factoring it into the current share price ?
 
BREAK OUT ALERT !!!!!!!!!!!!!!
WHOA CURRENTLY HIGH $3.05 GO BABY GO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Sellers are getting taken out fast .. was some slight resistance with 120k shares at 3.10 ... bang see you later!!

Oh my.. should I be doing some profit taking!!!?!???
I am feeling greedy now but did want to hold this long term!
 
wow and to think they recently did a placement at $2, up over 50% from that placement

Surely there has been some takeover offer, why the heck else would it race up 50% in a few days?

Maybe the placement was done to a Chinese group who are buying more on mkt?

I'm just clutching at straws I guess, whatever the cause I am watching with interest

hmm speeding ticket lets see ...........
 
Its trading status has just gone to "pre-open"

I dont know whats going on but its off the hook! I just hope the price doesnt just fall back down as I have been greedy and held on ...


And now back to "Normal" again ... ?
 
adobee said:
Sellers are getting taken out fast .. was some slight resistance with 120k shares at 3.10 ... bang see you later!!

Oh my.. should I be doing some profit taking!!!?!???
I am feeling greedy now but did want to hold this long term!
Click to expand...

agree ad, have to consider cashing out for rise like this.
my last buy at 2.06 5 weeks ago: today offering 50% return in 5 weeks - wonder if FMG did that in its run - yep, x4 appears, may06,jun06,may07,sep07 - all too easy!
 
What a day yesterday. Hope you all enjoyed it as much as I did. Just looking at the orders in the system for this morning and its looking good, here is hoping for another excellent day for Atlas.
 
Has had a fair bit of media coverage now with articles saying things like merryl lynch takes first look at ago and says buy buy buy price with potential of 150% return etc..

Looks like 2mill stacked up with minimal sellers..
Lets hope continues like this all day - we might see their $6 target sooner than expected !!
 
Looks like another great day for AGO. .. Increase since 29th April when the ML report came out is 30% .. I am thinking about topping up further as more people jump on with the mind set they need to get in before $6 and that it doesnt look like retracing ..
 
Yeah totally agree with you Abodee...AGO is travelling along very nicely indeed. Just checked commsec and theres 2.4m buy depth compared to 157k sell depth! And too think that this jump all seems to be on the back of ML's report is amazing.
 

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