Ann: Change in substantial holding, page-16

woah a whopping 1.9% over 4 days inc the weekend
And a paltry 28M from onmarket buying over 2 trading days?!
At this rate she is on track to get 28%-30% and minority BOD seats.

Looks like FMG, AGO United and several other INSTOs & large holders are still blocking her now.

Gina or twiggy aint walking away anywhere. They just invested $160M cash into AGO paper scrip.
The plan may be to turn this into $1.5B for them, thats how Billionaires think, they dont think about pip trades or making $1M to flip some shares.

We know FMGs position as stated by FMG CEO Ms Gaines:-

Fortescue chief executive Elizabeth Gaines said: "All strategic options remain under consideration."
"Our economic interest of 19.9 per cent provides us a seat at the table so that allows us to continue to assess our strategic options".

FMG has taken this stake to get Board seats and as a strategy and wont rule out options such as debt paydowns/recap/JV deal/rail access etc etc and they are blocking anyone like MIN or Gina in taking full control of AGO. This is a message to Gina that she cannot win and must do a deal with FMG.

If 2 Billionaires think AGO is worth at least 4.2c -5.0c per share then that is a put for the shares. AGO is a valuable strategic option for Australias IO future according to 3 Billionaires and they value the paper scrip.

Thanks to MIN, FMG and Gina, the shorts and yankee bondholders are gone and AGO is held long and tightly by majority aussie shareholders once again. Gina looks to get 28%-30% as I called a month ago. If her holding jumps to 40%-49% which doesnt look likely then FMG may counterbid at 5.0c in scrip to again clean out the volume and block the 50% level imho.

It looks more likely that AGO will remain listed and a deal will be done with the 2 great aussie families Hancock & Forrest to recap/boost AGOs financial and production position. If you didnt sell at 50c, 5.0c or 1.0c why bother selling now?

thats why I HOLD LONG & HOLD STRONG!