AGO is trading exactly as you would expect, at a discount to terms as the Arb accounts need to get paid to hold your stock until August 2018 and there is a small dividend adjustment, we will not be entitled to the 27 cent MIN dividend. ie: the market is saying this is a done deal with no chance of another bid.
If you don't have anything else to do with your money then hold on, I reckon there is still some potential for another spoiling bid, the register is so open. Market views it as a negative for FMG that's for sure, MIN/AGO seen able to lower cost of producing lower grade iron ore and put additional pressure on FMG. Maybe that's why a FMG bid can't be totally ruled out either to reduce the competition.
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AGO is trading exactly as you would expect, at a discount to...
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