there must be more to the RIO fall than just the scrapping of the BHP-RIO merger... however this is not the place to discuss it..
my point being that if BHP were to look for a take over target within Australia it would surely have to be FMG, i think AGO will not be a take over target just yet (or atleast im hoping not anyway), the lack of debt in this environment and in comming cash flow is what make AGO (to me with my risk profile) such an attractive investment
AGO Price at posting:
63.5¢ Sentiment: LT Buy Disclosure: Held