There is negligible risk, if any. And can be done with further zero cash outlay with scrip offer, which only would be a few percentage dilution, again negligible. Which you get back immediately on the tax assets, after tax cash flow goes up, nicely, its not nonsense, nor rocket science, its no brainer.
You gotta look at the bigger picture and look longer term, that ago provides to FMG. There is no wasted management time, AGO already has management, but can be tweaked if so desired in FMG hands.
There is no war, but lets suppose there is, its already a win win for FMG, as either they get AGO (i.e., all assets virtually free plus massive upside) or they get what their purchased 20% stake is truly worth.
oh and FMG is far better than ok
Iron ore price, page-6349
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |