At this rate doesnt look like she is going past 72%
Daily volume has dropped to under 3M shares daily and dried up even more like a hot day in the pilbara sun at noon on a red rock with no sunscreen or hat.
Saturation point has hit.
She is lucky to have 71% under her belt and why would she increase the bid amount with that many shares to payout extra when she doesnt have to. FMG can step in and buy once the bid closes from, 11.37% to 19.9% or any other blocking INSTOs as there looks to have been 1-2 of these.
We can all see that there is not much volume left to catch at this low price so might as well move on to Plan B which is the EGM, BOD sweep, recap and let the share price run higher to 10c once the traders come back in as there are no sellers left at 4.2c maybe will be at 5.0c-10.0c.
Gina is being watched publicly by the Government, the AGO workers, major INSTOs, the Port Hedland residents, the recalcitrant AGO LTHs and the entire investment community now and she has to move on sooner or later to the EGM and taking over the books, management and staff and then the new Plan.
Gina is the richest woman in Australia for a good reason,
she didnt invest $293M cash so far into AGO so it could be worth less, builds wealth, develops assets and doesnt destroy them.
AGO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
