Ann: FMG:Fortescue announces acquisition of a stake in Atlas Iron, page-263

FMG has MIN in a checkmate.

If MIN counterbids at 4.0c then FMG becomes top 10 holder in MIN with 3M shares thats a small 1.5% stake only in the merged entity less than the CEO has.
If MIN leaves it as is then FMG takes control of AGO one way or another.

MIN is tossing up do they want FMG as a large holder in MIN now and to give them a larger stake at a cheaper price in MIN.

Does MIN want to swallow the poison pill and call twiggys bluff in this high stakes poker game?
Twiggy is holding the cards -



FMG can wipe AGOs debt, get rid of the US noteholders and merge the operations using rail at cheaper costs all for free due to AGOs tax credit.
Stunning move of poker by twiggy.
He is a freaken genius! He holds the cards and the large cheque book. He aint no bluffer!
He is holding this hand, care to call?