Ann: Variation of Takeover Bid, page-62

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Stefans

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14/09/18

16:58

Post #: 35610902
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Originally posted by Samboy69 ↑

Name change is inevitable

Say Atlas Hancock Metals Ltd [AHM] (as Iron will go and Hancock must be included as should the current name) and stay listed with new management and mouthwatering 25% margins on A$740M annual revenues like the current margins at Roy Hill.

86% is impossible now
Look at the volume, only 40M to 4.5c yesterday and today a pathetic 6M only today
Thats a measly 0.5% if she took all of it which I doubt as she cannot buy above 4.2c even with this bluff of a uncompliable condition.
The issue of this 4.99% stake of twiggys that was assigned to FMG then cancelled is puzzling. No one talks about it.
The remaining holders are recalcitrant and wont be bluffed into this low ball bid. Many paid 20c-400c so wont budge.

If I were Gina I would take the 77% got cheap at 4.2c and RUN WITH IT & keep AGO listed and multibag it. There is no alternative. She cant & wont lose money on it and she cant get much more.

Soon the volume will drop to 1M daily and the game will be up for her.

Thats why we HOLD LONG & HOLD STRONG!

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One more wrong prediction based on flawed logic.
If AGO has such bright future as you painted it , she may not like to share it with others. She is putting money in, at a considerable risk, and rightly would like to harvest the profits without the unnecessary balance.

AGO Price at posting: 4.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Ann: Variation of Takeover Bid, page-62

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