AGO 0.00% 4.5¢ atlas iron limited

Ann: Supplementary Bidder's Statement, page-44

  1. 339 Posts.
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    Just thinking outside the box if Twiggy sits on his 19% that in effect provides an out for Gina at 4.2c a price she now may have decided is overvalued.

    Interesting if that event unfolds and they both just sit on the side lines while the AGO SP dives (The next report will ensure that) and then on a handshake agreement dive back in and carve up the spoils.

    The original and supplementary bidders statement provides numerous options for Gina to rescind the contract should certain obligation not be met or agreements not reached.

    Another interesting point is the option to takeover of the term B loan agreement under the existing terms of reference by Gina should the need arise. I trust all the same liabilities for AGO would remain should a loan default occur.

    Just throwing possibilities around. Still a great high level chess game ATM.
 
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