Aren't the manganese assets held by Shaw mostly the manganese rights to land that AGO owns .? Isn't Shaw mostly owned by AGO already? Why would they buy back something they once owned ?
Talk of overseas acquisitions is good. But for it to make sense it has to provide more profit for less capital than an investment in Ridley. Or are they banking on using sales proceeds from Ridley to go to buy something O/S.? Where does that place Balla Balla.
Looks to me they are softening people up for the next raising.
AGO Price at posting:
$2.12 Sentiment: Hold Disclosure: Not Held