Ann: Change in substantial holding, page-9

  1. 2,060 Posts.
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    Took 7 days to get 1.25% not cracking 60% yet and the onmarket and acceptances are both drying up fast.
    Another record low volume today post yankee dilution, ASX down to 6.7M from 67M daily only weeks ago.
    ChiX volume has collapsed to 3.4M daily from 30M daily!
    This means INSTOs have now also been saturated as well as the retailers and acceptees.

    looks like acceptee volume has dried up also as if there were more acceptance or on market purchases she is ASX bound to disclose these but there aint any!

    The extension of 2 weeks has failed to snag larger holdings but has ensured the acceptees cant renege and given them time to bank their paltry 4.2c cheques so consideration passes and the transfer of shares becomes irrevocable.

    I dont think Gina will extend again nor up the offer now. FMG dont need to bid as they hold the blocking card which Gina knew from the start and FMG is now the protector of us minority holders.

    Gina cant get much more as I cant see the remainder selling low for any price. Heck I wont sell at all and there are hundreds of long term holders left who are like me, you can see it in the daily hits and thumbs up.

    With such low volume, AGO can rocket higher with a buying volume spike once market realises AGO will remain listed with large tax free profits under tightly held aussie control and massive resources. Next step will be the EGM & BOD sweep and then trading halts as the new deals start being signed & the new AGO under aussie management will restart again.

    I cant believe Gina got near 60% with a small 4.2c bid! A lot of holders & yank bondholders held short term. But Im excited for AGOs future multibagger run! The patient rich always get richer patiently.

    Thats why I HOLD LONG & HOLD STRONG!
    Last edited by Samboy69: 15/08/18
 
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