MGX are probably losing money. Its hard to see why a company that's losing money should buy another company that's probably losing money and have a merged company which is probably going to lose even more money. AGO with its lack of net cash balance is going to be the bell-weather for the other juniors - first lamb into the slaughterhouse if anyone's going there.
As for BHP or RIO, there's lots of liability in AGO (rehab, employee pay-outs) that are a bit of a downer on falling prices with most of the resource not converting to reserve on lower prices. Maybe they're waiting for a call from Pitcher & Partners sometime next year ?
Anyone asked about that sure-bet rail deal recently ?
AGO Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
