ago - takeover target, page-6

With the BCI bid now formally in, I have to say that the AGO model of low Cap Exp close to port mines certainly seems to be superior to that of its junior competition. The BCI shareholders seem to be slightly aggreived that the bid is such a "low ball" on but i guess that is what happens when you have big predators sitting on the register.

On the Atlas front I am pleased that they are just going on with the job. Have been in Port Hedland now for a week on a semi vacation and the place is a buzz and the port is very busy. Also notice that our stake in GIR is slowly but surely increasing.

Happy holder indead