There's 1 thing for sure..Twiggy didn't buy 20% of our company (at 4 cents) to make a loss on his investment..and guess what..he ain't selling at 4.2c..more likely to buy & increase his bargaining position..at the very least. So why-should-we sell..upside is greater than any possible down..
The most interesting thing to note is that during the most recent week's market trading (with less than 50 million average/daily traded @ 4, 4.25 +4.3c) there's more than 50,000 million (> 5 billion combined total ASX + Chi-X) queue'd up to buy at 4.2 c on market. That's substantially more-than-half of the total 9.2 billion AGO shares created, desperate to buy. Let's assume a group-of-shareholders owning 5 billion shares (between us..for argument's sake including Fortescue) met-up and decided to simultaneously sell-our-shares on market..Those que-ing up to buy would suddenly own the 5+ billion shares they're bidding for at 4.2c having to pay way-more than $200 million. What would those punters do with their >$200 million invested. Nobody invests just to break-even at best..so who are all these buyers queue-ing up in the pre & post-market auction match-off..and will they remain now that it's being exposed on Hot Copper. Gina's agents are bound to be trolling H.C..whether to help shake-the-shares out of any weak hands..or simply to assess sentiment amongst us Atlas investors..
Some thoughts to ponder. The numbers don't lie
AGO Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held