I fully applaud your message HOLD LONG.......What bothers me a...

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Stefans

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27/07/18

13:03

Post #: 34593980
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Originally posted by Samboy69 ↑

woah a whopping extra 0.04% yesterday
surely not just 4M shares from the 60M traded?!
At this rate she is on track to get 28% and minority BOD seats.
Looks like FMG, AGO United and several other INSTOs & large holders are also blocking her now.

Gina or twiggy aint walking away anywhere. They just invested $150M cash into AGO paper scrip.
The plan may be to turn this into $1.5B for them, thats how Billionaires think, they dont think about pip trades or making $1M to flip some shares.

We now know FMGs position care of their new CEO Ms Gaines:-

Fortescue chief executive Elizabeth Gaines said: "All strategic options remain under consideration."
"Our economic interest of 19.9 per cent provides us a seat at the table so that allows us to continue to assess our strategic options".

FMG has taken this stake to get Board seats and as a strategy and wont rule out a counterbid or other options such as debt paydowns/recap/JV deal/rail access etc etc and they are blocking anyone like MIN or Gina in taking full control of AGO. This sends a message to Gina that she cannot win and must do a deal with FMG.

If 3 Billionaires think AGO is worth at least 3.1c-4.2c per share then that is a put for the shares.
Thanks to MIN, FMG and Gina, the shorts and yankee bondholders are gone and AGO is once again held long and tightly by majority aussie shareholders once again.

AGO is a valuable strategic option for Australias IO future according to 3 Billionaires.
It looks more likely that AGO will remain listed and a deal will be done to recap/boost AGOs financial and production position.

thats why I HOLD LONG & HOLD STRONG!

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I fully applaud your message HOLD LONG.......What bothers me a bit is the arithmetic, time to revise basics. Otherwise your posts have some entertaining quality, keep posting and be free to express yourself without the restrains and reservations other posters have.

AGO Price at posting: 4.2¢ Sentiment: Sell Disclosure: Not Held
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