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AGO atlas iron limited

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Seems to me that someone is trying hard to get some interest in...

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rasberry

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02/09/14

07:19

Post #: 13908487
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Originally posted by Haplo ↑

From the Motley Fool

https://www.**promotion blocked**.a...ow-about-the-australian-sharemarket-today-14/

Pilbara iron ore miner Atlas Iron Limited (ASX: AGO) has been pointed out as a possible takeover target. The AFR suggests several suitors are circling the miner, which is likely to be close to breakeven or losing money with the iron ore price below US$90 a tonne.The interesting question is; who are the suitors? Are the big miners,Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG) orBHP Billiton Limited (ASX: BHP) running their eye over Atlas, or could it be Mount Gibson Iron Limited (ASX: MGX) with its huge cash balance?

The reality is that we only need one suitor to make a formal offer so that a data room can be opened for all the players to have a closer look at the books. Then the For Sale sign will well and truly be put up.

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Seems to me that someone is trying hard to get some interest in Ago on the go!
Maybe it's coming from the company itself or possible large shareholders?.
But not shorters I would think.

AGO Price at posting: 58.0¢ Sentiment: Buy Disclosure: Not Held
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Seems to me that someone is trying hard to get some interest in...

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