Takeover by FMG?
This is how its going to pan out:
FMG offers 10c/share . Management and shareholders
unequivocally reject it. Shares trade between 12c and 13c
FMG ups the offer to 12c. Same reaction.
BHP offers 15c/share.
In the meantime analysts value AGO at
16c to 17c a share. AGO calls an extraordinary meeting of shareholders
resulting with a no vote.
In the meantime Atlas find reserves
of other minerals from test drilling which results in another
increase in the share price.
TheBeaut
AGO Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held