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4.5¢ atlas iron limited

Ann: Supplementary Bidder's Statement, page-51

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breadwinner1

631 Posts.

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27/06/18

13:12

Post #: 33980499
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Originally posted by Nimba ↑

Just thinking outside the box if Twiggy sits on his 19% that in effect provides an out for Gina at 4.2c a price she now may have decided is overvalued.

Interesting if that event unfolds and they both just sit on the side lines while the AGO SP dives (The next report will ensure that) and then on a handshake agreement dive back in and carve up the spoils.

The original and supplementary bidders statement provides numerous options for Gina to rescind the contract should certain obligation not be met or agreements not reached.

Another interesting point is the option to takeover of the term B loan agreement under the existing terms of reference by Gina should the need arise. I trust all the same liabilities for AGO would remain should a loan default occur.

Just throwing possibilities around. Still a great high level chess game ATM.

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@Nimba You again!
Still talking about them pulling out. Really.
Show me one instance in the history of the asx when a company has announced a takeover, then changed their minds and pulled out. Not because of a higher bid, but because they changed their "mind".
Companies don't decide to do takeovers on a whim or accumulate 20% for that matter.

AGO Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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