AGO 0.00% 4.5¢ atlas iron limited

AFR Street Talk, page-21

  1. 215 Posts.
    good effort in putting your thought in writing.

    I am still in the opionion that MGX is the most likely suit to lunch a take-over if there is any. my reasons are

    1) bhp, rio and the likes are not interested in a junior like AGO. The same can be said about FMG.
    2) any pure chinese entities are less likely going into the trouble given govermnment apporval are needed for such a takeover.
    3) MGX's own mine life is limited. it is seating on a large pile of cash. it is controlled by chinese enetities.
    it has been actively seeking for new reserves.

    I can probably list a number of more reaspns if i pull my hair a bit harder but thought the above might be sufficient. let's see.

    good luck to all the holders.
 
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