In opinion:
1. The heading is ridiculous for an Aussie local producing company with plenty of potential and who contribute to local jobs. Disappointing to say the least......
2. Rumours are rumours. Lets see what the price is. If it's under 5c I would be disappointed given the diversication income AGO was about to generate and all the work done up until this point to diversify income and provide a mechanism to pay off debt in 2018. Even some majors are yet to pay off debt. AGO was 2c years ago when it was in a much worse position and it bounced above 5c in a heartbeat. It's amazing what AGOs SP range has done when it was clearly within 2.2-2.5 range support for a long time (spring coiling ready for a bullish bounce with positive news) with only the last few weeks it's slammed to 2c then pipped last minute to 1.9c before the announcement. Hence why 5c is fair in my eyes. As Rcman said, WTF.
AGO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held