Vader Good hope that ANG could move up after rights. So far the...

Vader
Good hope that ANG could move up after rights. So far the closely held did not have any joy so they would probably recover some money after rights. Personally excepting MQG and couple of others often unless the share rights are issued at significant discount they do not go up as XR and when rights are traded. Naturally supply and demand. ANG has never been a darling of investment world last 18 months, link up with BKN made it worse.
As a miner, I personally know the strength of ANG product in Australia and hope for their south american venture. But no of mobile fleet are less and more competition. Not sure if any one heard of a private venture called Schlam Engineering from south west of WA It is a privately held father and son company growing fast and has snared some of the markets of ANG. Probably ANG would consider them buying out at some stage. But at this point I am changing my mind as bearish on ANG driven by market sentiment so sentiment is from buy to hold. DYOR.