Quote:
Atlas Iron chairman removed
AAP
22/11/2008 4:18pm
Atlas Iron Ltd's largest shareholder IMC Resources Investment has unseated the iron ore miners' chairman, in a move that could be the prelude to a takeover bid.
The removal of the ex-BHP Billiton Ltd executive David Nixon by the 19.6 per cent shareholder surprised shareholders at Atlas' annual general meeting in Perth on Friday.
IMC Resources Group is an Asian shipping company with operations in Australia, China and Indonesia.
It is believed to be associated with Linq Resources Fund, with holds just under five per cent of Atlas.
Atlas is expected to call an extraordinary general meeting to appoint a new chairman.
Unquote
Could this be the precursor of a takeover? By whom? What price would be a "fair price" in view of AGO's assets and prospects? Will there be an initial bounce in AGO's price on Monday?
Guaranteed my call happy holding buckets full ATM:)$$$$
GB
........takeover on the cards.................
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