If the AGO stock wasn't so heavily shorted just before the TO bid (A crime in itself), and the debt holders all but sold out, with Iron Ore on the rise and discounts shrinking, its a good chance that the share price could well have been above 3 cents now by itself. All we need now is for the TO to fail, a way to get rid of the current board and management. With a new board and management in place, no debt, no debt holders running the board, AGO should take off.
Its has been held back for too long, the share holders have suffered for too long. Some of us have had our share price diluted x9, some x3. And still they offer us $280M. Make it $1B and we might be interested.
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Ann: Chairman's letter - Scheme of Arrangement, page-92
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