GIR

AGO shares have been flying higher and higher in the last few days. So, GIR shares which are pegged to AGO are flying in tandem. When share prices are moving higher and higher, you want to know why. AGO has upgraded its resources so there is a reason. But it is still going up today, so you start to wonder whether you should take profit and run.

Not me. Iron ore has a long way to go. New mines take too long to start up and they need good port facilities to ship the heavy bulky stuff. And you need a good customer to take your ore. So, for the time being, I am staying put with GIR... and therefore AGO.

But for the purposes of investment principles, a profit is always good and you never know what is the long term future for AGO. So, it may be a good idea to at least re-coup your capital. I paid so little for GIR so I am not doing so.