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4.5¢ atlas iron limited

Ann: Ceasing to be a substantial holder from FMG, page-68

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groundhog2

2,135 Posts.

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29/09/18

16:07

Post #: 35929688
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Originally posted by rowliegb ↑

My opinion is that those who were buying above the 4.2c price for the last month or two were hoping for an outcome like this. They can now sell at 4.6c and make a quick 5-8% on their money. It won't take much to get to 90% now. I understand any compulsory acquisition (and Hancock stated that is their intent) has to offer the same price.

If you hold now you just tie up your money for a few months for the process to take place. However this could be a good move if you want the 12 month capital gains benefit and have held for close to that time.

Do your own research but 90% now appears a formality .

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The match is not over until the full time whistle blows. Anything can happen between now and then. But if there is a guarantee on price im of the opinion that I will wait it out. The mere fact you guys are still here indicates that its not over yet. DYOR

AGO Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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