These mongrel dogs can't afford to waste more time to keep extending and extending. They need to wrap this up quickly and before the end of the month. The threat to have WNI relinquish the allocation is very real.
AGO is in a great position. It has also been my prediction that AGO and FMG would share rail where AGO will build lines linking the AGO South-East tenaments to the FMG main line.
Or alternatively (depending on how you at it - in case of a merger), it will be GREATER FMG company that will be building that rail link.
The fact that AGO has hundreds of millions in the bank and being really profitable will be a big plus to FMG in the merger.
It may even render unnecessary for FMG to rely on the porposed Anketell port.
When Twiggs and David Flanagan stood side by side fighting the RSPT, I sensed that one day these guys may just be joined at the hip.
BRM Price at posting:
$2.48 Sentiment: Buy Disclosure: Held
