Yes it looks like Gina will now get the 90% and go to compulsory acquisition,
FMG has surrendered the farm cheap, wow.....
To flip these strategic assets for an extra $5M profit is puzzling, was the FMG CEO saying these things tongue in cheek, and why would twiggy approve this without a quid pro quo ?
Have Forrest & Gina done a deal over the port berths or PLS Lithium?
Why didnt FMG hold or bid itself for 5.0c and why would Forrest sell his 5.0c shares for 4.6c?
We will find out & the terms of any deal publicly from FMG over the next year.
FMG CEO has a lot of explaining to do as to this backflip.
To those who fought hard and long for this, you should be proud,
To those many of us who will be forced to take a massive capital loss on our shares from Ginas small cash payments and those who believed in the Atlas Scorchers & AGO United, we have to remember these are shares and fortune favours the brave
those that bought in at 1c-2c when we were told crap on here for years and risked all made a motza,
to those who held all the way down from $4 or 20c even, and didnt average down in fear of failure, fear is what caught us out in the end.
I cannot be but proud that at least AGO assets are now back in the hands of aussie ownership and aussie management finally and it is rid of the poisonous yankee debt (even they reared their heads today to stab us yet again) that diluted us to nothing and eventually stuffed us, our hopes and aspirations of wealth.
Now Gina will become even richer and an even larger player in the global IO industry, a true competitor to FMG. Long live the legend of the tiny minnow that became a market darling, Atlas Iron!
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