For mine the major reason we are not at 1.0, but have stayed at 1.3 cents on this move in the IOP to 50 is that FMG has remained relatively well bid this time. ie: AGO has got to be takeover target . My sources tell me there is $1 bn value of in AGO that a takeover could unlock. With only 20% debt holders on the register it would be even easier to get the takeover done you would think.
But seems we will have to wait all the way until 30 June for the relentless selling to stop.
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