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4.5¢ atlas iron limited

Ann: Replacement Bidder's Statement, page-64

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rcman

33,048 Posts.

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30/06/18

08:27

Post #: 34053888
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Originally posted by SB182 ↑

I really think that since Twiggy and Gina are very shrewd business people, and some people on this Forum are saying that the White Knight (Twiggy) is going to come in and offer 5 to 6 cents on a bid. But really Twiggy is only going to pay as cheap as possible for the shares, and so is Gina, they are not really interested in the share holders of AGO, all they are interested in is getting AGO as cheap as possible, which is just plain common sense. Why would either of them want to pay more than they have too, these two people did not get to where they are by buying over price business. This situation at the moment I think is going to go on for a least a couple of months, if they keep out bidding each other, or until one wears out and turns around and says OK you can have it, if you buy my shares at this price =X cents. This is only my opinion and it is not investment advise, so do you own research and decide for yourself.

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I agree, you or i would do the same, only there's a lot of play involved with this takeover i,e the tax credits, so they can easily pay 5c and earn it back from tax reductions over a short period of time. The tax credit is a garaunteed ROI

AGO Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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