It can't be FMG buying as the already hold the maximum amount if...

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richard1976

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21/06/18

13:19

Post #: 33856677
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Originally posted by Samboy69 ↑

FMG blocked MINs bid for AGO
who is blocking HPP/Ginas bid for AGO I wonder?

Gina cant get any shares at 4.2c
But look at the dropped volume, from 600M daily to 200M daily to yesterday & today now 80M daily

The volume is the answer to our questions, the sellers have died down, the yankee bondholding equity holders have either been wiped and sold out or are now holding off all sales till the counterbid.

The main sellers are some traders, INSTOs and short holding buyers from the 1-3c ranges.
The large majority of 1B AGO aussie holders aint selling here asnd those that bought in like FMG HPP & aussie INSTOs dont look like selling in large volume either.

This tells us that AGO is being held tightly now and the yankee poisonous equity has been wiped out and now held long by aussies. The yanks were gifted by the BOD 8B equity for the $130M debt swap.
They were being wiped for the last 12 months firstly 2B at 1.3c-2.5c range then 2B at 2.5c-3.3c range then that 3B off market for Gina/FMG and another 1B recently at 4-4.5c.

The debt is effectively gone as the winner(s) will discharge it in full and get rid of the yankee BOD proxies for good and the equity is under aussie control looks like again. The yanks poisonous equity & debt control over AGO is done and dusted.

The lower the AGO daily volume goes the more this means that the poisonous yanks are gone and the aussie long term holders are in control and not selling and holding long. Also as the price is above Ginas bid it means there is another bidder incoming and we know its FMG.

AGO is back in aussie hands. We control the debt and equity now once again after 3 years of pain and suffering.
go the aussies & the socceroos v denmark tonight
oy oy oy

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It can't be FMG buying as the already hold the maximum amount if shares that they are allowed. There is another party buying a big share of company. BHP RIO or a Chinese buyer?

AGO Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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