I will have nothing but congratulations for you if RIO or FMG make a takeover bid for AGO, that would be the weirdest thing to ever happen in australian industry
FMG - many synergies, WA based, friends with AF, rail nearby, cost effective, high debt v MC issues
Many Synergies - please name one
WA based - irrelevant
Friends with AF - what? is that why he has bought up 5%... oh that's right, he hasn't done anything for AGO according to publicly available information
Rail nearby - Why aren't they using it? trucking is very expensive, so they should just switch to rail
Cost effective - bottom quartile industry costs no?
high debt vs MC - this doesn't justify an FMG move
how do you spin the 50% drop since the last capital raising? (or is that a fallacy of the spooky down-rampers?)
AGO Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held