It will be worth something if another bid comes.
I am thinking it will happen in next week 2-3 weeks. If it comes.
No one would buy shares for 3 cents all day today if they didn't have a plan.
Macquarie isn't in AGO for 10-15 percent return there is more to it. Same with Canadians.
The debt holders are out completely these shares are changing hands.
But 4 cents is not out of the question. End of the day PLS or AJM could offer just scrip just like MIN costs nothing. AJM brings back in its royalty liability. PLS takes back early cashflow from DSO.
They both can get IO and diversication not to mention cashflow if it turns up.
There are synergies without an ASX listing, management deadwood BOD and CEO. Thats a few dollars a tonne already.
Then there is the peace of mind don't have to deal with Chris E. Who extorted PLS over Wodgina. So what could they do to AJM?
FMG produces $300M cash a quarter...once again shares offer may also be enough.
