What an amazing low volume accumulation
24.9% from 19.99% in 5 weeks since 19 June so at 25 trading days thats an amazing
0.20 % per trading day or
18M shares per trading day
So at that rate she may get to 25.5% and even 28% if she is lucky.
And some think she may start getting 10.0% per day next week from 0.20% the last 5 weeks ... ppfffffttttt
no chance!
the main reason to HOLD LONG & HOLD STRONG like I do, would be for either -
- an improved offer from Gina
- a counterbid from FMG
- a counterbid from a third party (unlikely)
- a JV deal that keeps AGO listed under Hancock and FMG control jointly with no debt & port access
- the share price rises above 4.2c to 5c - 10c or multibags upon recap & deal struck
the only reason to sell would be if you think the price will drop and FMG MIN Gina will all give up and hand back their shares at a large loss and AGO goes back to before with the same BOD.
Now who thinks that aint happening?!
And who thinks the above reasons to hold can or may occur? Give this a thumbs up,
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- Ann: Redstone Notice Declaring Offer Free of Defeating Conditions
Ann: Redstone Notice Declaring Offer Free of Defeating Conditions, page-21
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