"Imagine that AGO is trading freely on the market, it would be subject to the same upheaval."
DYOR:
I would expect AGO SP to be partly dependent on IOP.
But also:
- AGO doesn't have any Yankee debt-holders selling.
- HPPL is keen to acquire 100% of AGO, so an artificial floor to SP.
- Already someone has put in a 100m order to buy at 4.1cps on ASX.
- Panic sellers would have sold already.
- Less shares on offer.
- JV with HPPL/FMG for Fe/Li/Cu/Au.
- "If you can't beat then, join them", i.e. referencing the new AGO team.
- Only downside is if the IOP tanks significantly.
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Who is buying at 4.25cps, page-68
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