I have to agree, the cash pile we are sitting on already makes us harder to take over as well as a firm portion of the shares being within the top 20, any bid would have to be at substantial premium.
Ideally however i would like to see AGO being the ones doing the M&A, we already control Shaw River and WRK will almost certainly end up in our hands. I suspect BCI will end up with FMG as they already have half the flag ship project. Could we see someone like Brockman come to us on favourable merger terms? It seems that the time is now for consolidation within this sector. I suspect that BHP and RIO may face stiff compertition legislation preventing them from getting everything, will leave opportunities for smart companies ala AGO
AGO Price at posting:
$1.88 Sentiment: LT Buy Disclosure: Held
