Considering they were down 68c at open they did well to recover to be only down 11c at end day. Volume also quiet big, which mean I gather that after the monkeys were shaken out the buyers step back in. Let's hope the removal from the S & P has very little impact. IMHO I think that Placer wants AOR real bad, the extention of an extra 12 days may be in the hope that POG recovers to once again make Placer's offer alittle more attractive to AOR shareholder. Realistically their original bid which then valued AOR around $4.51 was a fair bid I think at present, but as with any related to gold, especially gold stock, that can change in a matter of weeks, especially if POG rallies to about the $350 mark. Currently though, Placers offer doesnt have a hope in hell. They have options of course but AOR shareholders are holding on, and should they pull the offer, I doubt AOR will fall below $3.20 - $3.30 mark, even though analyst think otherwise. So in short, alot of the premium has been removed, and the downside from here is minimal in my opinion, and of course there are opportunities to trade this stock with its erradic movements.
AOR
apollo series 2013-1 trust
