Who is buying at 4.25cps, page-67

The sellers at 1.0c and 2.5c and 3.1c, , boy were they sorely wrong. They all thought that was it.
We were told crap on here that AGO was dead, a basket case, in palliative care, poor higher cost trucking business model, loss making, cash burning, stranded assets..........etc

and yet AGO is a 3-4 bagger higher from its lows with 2 bids and FMG/Gina now holding 74% tightly.

We are now told the same thing, this is it, Gina and twiggy will destroy & carve up AGO like Gordon Gecko from Wall Street or Edward Lewis from Pretty Woman.

I can guarantee you that after 7 days time, AGO will remain listed with Gina/FMG holding at least 74% with an EGM called with the same mines, strategic assets and port berths they have now. I can also guarantee you that if AGO goes bust with the current structure, the yankee bondholders as creditors will takeover through receivers and Gina/FMG/twiggy's paper scrip costing them $300M cash will all be worthless with the yanks in charge again, now do you think they will allow that to happen?! I dont think so.

Simply refinancing the debt on a AA rating guarantee at extended terms on par with Roy hill & FMGs current debt terms will substantially reduce costs let alone paying it all off in full.


And I doubt Twiggy or Gina will allow the yankee secured creditors to have any control over the BOD or continue holding the AGO debt much longer.

Twiggy and Gina aint no Gordon Gecko.