Really unfortunate of AGO in the timing of their operation deferment at one of the lowest point of IOP. Now it is another bad timing of the capital raising as the IOP bear cycle returns since then. No wonder the retail take up is so low.
I would be very surprised if they can survive once the short term financial engineering dissipates and reality of a price taker is new normal. However stranger things have happened in corporate world but will require a miracle more than luck.
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held