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15/09/18
09:28
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Originally posted by bridog
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At the risk of having some holders waiting for me with baseball bats, I want to put forward my thoughts for holders' consideration.
Neither Gina Rinehart nor Andrew Forrest should be considered friends of AGO shareholders for the following reasons:
1. Atlas will not remain a listed entity. Why? I believe Gina prefers to operate in a private environment, away from the spotlight and more onerous responsibility that comes with being a company listed on the ASX.
2. I previously wrote that I believe that FMG has a blocking stake because they want to negotiate an in-specie share transfer for some asset of AGO that they wanted. This was confirmed today by FMG that they want port access as a price for their holdings. How this was to be arranged was not specified, possibly by some joint venture of the rail and port facilities. I can't remember where I read this but think from an email or article sent to my phone. It should be reported more widely tomorrow I should think.
No need for baseball bats, holders can accept what's on offer and pocket the cash.
All imh and unqualified opinion, and is opinion, not fact, except that I did read the part about FMG, that is fact.
Good luck to all.
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Response to Point 1 - what she prefers and what she can have are two different things.
Response to Point 2 - as for Point 1 but substitute FMG.
Let's keep our feet on the ground, amongst the iron ore, lithium, copper, on track with the transport and up to our knees in tax losses.