I can't post the exact article due to copyright however it starts off saying the bankers are knocking down the AGI front door trying to help Len lighten his holdings in the company.
Credit Swiss hosted a gig in Sydney last week where Danny and Mark had a meeting with some fund managers.It was reported the fund managers turned up in big numbers.
The instos are keen to inject some cash into the AGI register. Sounds like a straight block trade might be on the cards which would be great for the liquidity and would avoid dilution.
The board is reported to have discussed the benefits of more institutional holdings on the register and potential structures for implementing such changes.
The boards spiel was reported to sound very positive in a ordinary market.
IMHO there will be some sort of announcement shorty regarding a substantial change in holdings.
The forecast is looking better every day.
AGI Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
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