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AFR Article 27 May, page-12

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boycott

78 Posts.

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28/05/18

21:10

Post #: 33342941
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Originally posted by Cashmeoutside ↑

Comments to think CE is floating around HotCopper baiting AGO holders is bizarre... he does have $50m+ so you’d be thinking pretty highly of yourself if you thought he was chatting to you... But then again the AGO group always were a different breed - 4 months on, same talk. Time well spent hey hoggy?

A takeover is the only feasible option for AGO unfortunately. The debt holders who inherited the company during the big downturn just wanted their money back and killed a lot of value for shareholders. Deny the takeover and good luck getting ur money back.

FMG announcing today they going to pump out a big high grade project, BHP doing south flank, Vale churning out the high grade Brazil ore, samarco getting back into action post disaster and Rio kicking off their Pilbara expansions and Africa... holding out for a better deal is playing with trouble. The high capex Ridley won’t see the light of day, ore reserves at Webber is 5 years, MIN are after the port capacity and lithium tenements... they have the leverage and don’t need AGO, attempting to hold out for a better deal is playing with trouble.

The only ‘contender’ for the assets to bump up the bid was FMG who announced they are spending $1.3bn today - don’t think they’ll have anything left in the coffers to bid on AGO. Nonetheless good luck to all. You’ve never listened to me previously so don’t expect that to happen now

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enjoy investing in your low risk low return oligopoly companies. i would rather go to a casino with my money!

AGO Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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AFR Article 27 May, page-12

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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