Why would you want to takeover AGO, when you can just buy the assets without the debt and liabilities from an administrator for a song?
The big boys always win in the end. The iron ore market is mirroring the oil market at present. Low cost producers are simply going to sweat out the higher cost producers and then pick up their assets at fire sale prices. There will come a point where it would be cheaper to buy the whole caboodle from the administrator just for the equipment that comes with it.
Will be trouble for Twiggy for sure.
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
