AGO 0.00% 4.5¢ atlas iron limited

Takeover by FMG? This is how its going to pan out: FMG offers...

  1. 3,630 Posts.
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    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
 
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Currently unlisted public company.

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