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28/08/18
05:22
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Originally posted by Samboy69
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Maybe another 0.4% to 71%, with such low volume, i guess that large buyer above 4,2c is swiping her sales in front of her and the acceptances must be drying up also.
Surely there will be more resistance from 70%-75% as on my maths she is hitting the brick wall holders since 66% see here-
Gina is at 71%
FMG at 11.38%
twiggy at 4.99%
retailers 5%
mystery INSTO 4.99%
Why hasnt FMG rebought back its stake to 19.99% from 11.38%?
Surely FMG wants AGO to remain listed publicly something Gina doesnt want looks like.
The share register has just tightened considerably, the long termers who paid 40c-400c surely wouldnt be selling at 4.2c to Gina?! There were 500M shares of them back in 2014.
I can only speculate that long term planning must be underway for the last few weeks in the Gina camp and we saw in the latest announcement some of that.
thats why Im still holding LONG & HOLDING STRONG!
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There may be two options here, 1. Announce NWI upgrade to increase capacity along with rail access/share or JV with FMG or 2. Double the current offer in order to sweep the rest of shares from Twiggy and remaining holders.
DYOR.