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AGO atlas iron limited

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Ann: Change in substantial holding, page-7

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Rocksinmyhead

1,753 Posts.

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10/09/18

10:16

Post #: 35490110
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Originally posted by Timetotrade ↑

The reality is that Gina is close to being able to acquire the remainder.

Will probably extend again and get a few more

If she pushes to 79% then she will do a deal with FMG and they will then sell theirs to her, then allowing compulsory acquisition to occur

Otherwise she might close it off, cool for 6 months and then start acquiring a further 3% as permitted. Then if she does that again, in a years time she can then deal with FMG and then polish off the balance

Done and dusted. Cannot see any value in remaining here

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No downside here, as you stated heaps of upside in the next 12 months when they start acquiring more.

AGO Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Ann: Change in substantial holding, page-7

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