If I was MinRes or FMG it would be time to bid now before AGO rises higher and before this dilutive debt for equity deal gets approved which gives control to the yanks for their debt.
Time for West aussies to band together and takeover this iconic WA miner instead of allow another yankee cheap takeover by stealth yet again. Its small change for MIN FMG but LT may cement them as LT producers with a massive tenement package.
MIN FMG fit well with AGO and any bid would have to wipeout the debt in full and AGO may become a steamroller once again.
3.3c wasnt long ago.
If AISC ar AUS$54T and IOP is US$51.60T then=
At US51.60T at 72c AUS$ =AUS$71.7T v COP at 59 =
profit of AUS$12T
x 15MTpa= AUS$180Mpa free cashflow, meaning Hartleys were right about paying off this debt early from cashflows.
Stage is set if the IOP keeps staying up here or rising to that 66 interim top before for a serious bid or a withdrawal from this debt for equity deal which I said before was a tree shake to flush out these large buyers or a bidder since relisting as they will get heavily diluted if it carries on.
