Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

Ann: Chairman's letter - Scheme of Arrangement, page-88

First 88 Last

Share
Profile

Follow
NT man

1,753 Posts.

124

21/04/18

09:48

Post #: 32601187
Share

Originally posted by Nightmarez3k ↑

It will be worth something if another bid comes.
I am thinking it will happen in next week 2-3 weeks. If it comes.

No one would buy shares for 3 cents all day today if they didn't have a plan.

Macquarie isn't in AGO for 10-15 percent return there is more to it. Same with Canadians.

The debt holders are out completely these shares are changing hands.

But 4 cents is not out of the question. End of the day PLS or AJM could offer just scrip just like MIN costs nothing. AJM brings back in its royalty liability. PLS takes back early cashflow from DSO.
They both can get IO and diversication not to mention cashflow if it turns up.

There are synergies without an ASX listing, management deadwood BOD and CEO. Thats a few dollars a tonne already.

Then there is the peace of mind don't have to deal with Chris E. Who extorted PLS over Wodgina. So what could they do to AJM?

FMG produces $300M cash a quarter...once again shares offer may also be enough.

Expand

Thanks Nightmare - hope it works out for you as well.

AGO Price at posting: 3.0¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

MCT

Metalicity looking for offers on Admiral Bay zinc project

AI stocks: What to expect in 2024-25

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

There are more pages in this discussion • 34 more messages in this thread...

First 88 Last

Add AGO (ASX) to my watchlist