I could not agree more... Announcement sounded like an angry...

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BrockChain

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10/06/18

20:30

Post #: 33626449
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Originally posted by defabs ↑

I still find the end of MIN's announcement from Friday a bit like a kid at school going to the teacher and saying it is not fair, "he said he was going to be my friend but now he wants to be friends with someone else"

If they wanted the part of the announcement that reads "Correction of Media Speculation" to be complete, it should have read:

"Correction of Media Speculation and Retraction of Comments from MIN CEO"

- The AGO shareholders against the scheme are not recalcitrant. They simply want the best offer possible for their shares and we apologise for that remark;
- They are not grumblers either;
- The term Palliative Care was a poorly chosen expression and this has been retracted;
- AGO does not burn $7M every quarter. We note the AGO board in their financial update announcement made clear the company lost $2M for the month of April, not $7M. We apologise if this comment was coercive in nature.

MIN announcement from Friday:

CORRECTION OF MEDIA SPECULATION MRL

has never intended to transport any of the Atlas iron ore on the Pilbara Infrastructure Project.
The corridor for the MRL rail system does not pass in close proximity to the Atlas iron ore deposits. The Atlas ore bodies are too small to warrant the expense associated with installing a spur line to them.
The Company makes the followings observations:
1. Utah Point was built to exclusively support the juniors; and 2. It has long been bipartisan policy of Western Australian State Governments that access to Utah Point is reserved exclusively for the juniors

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I could not agree more...

Announcement sounded like an angry person who lost out on something, sore loser to be honest. If you think about it, that kind of made AGO look even better.

AGO Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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