Can someone please explain to me why AGM shares are apparently worth way more than $1.20/share? The people that keep spouting off about this are probably people that believe RIO's real value is over $200/share considering the upside potential. All decent companies have upside potential.
Every single time a company announces a TO, shareholders seem to go batty and brag about the strength of 'their' stock. This is a joke kids. This is the stock market, don't fall in love with shares, they are mearly a means of hopefully making money through wise investments. If you are smart enough to be holding stock in a company when a takeover is announced, good for you, but please stop banging on about how undervalued 'your' stock is. Before the TO announcement AGM were trading around 70c, that is what the market had as fair value. People are talking double+. Get a grip.
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
