I've held this far, so I'm maintaining until I get fair value.
Can't see Gina and Andrew running it to the ground and losing their combined 90% worth.
Andrew can afford to hold out for a better deal, which is what I'm hoping for, but that is a long term strategy, not sure how long Gina has to wait to make a new takeover offer at a better price and not have to pay the non-recalcitrant (AKA weak) shareholders, well if I'm recalcitrant for not selling out, what is a cheap sell out other than weak?
The risk is that Andrew may sell out for a deal that includes some asset stripping goodies for FMG.
Either way I'm confident of minimal downside, and hopeful of a reasonable upside, with time as the price I'm paying.
AGO Price at posting:
4.2¢ Sentiment: None Disclosure: Held
