If there was ever going to be a take-over offer for AGO one would have to think it would be now/soon or never,the way the iron ore industry is at the mo.I don't think we will see these prices again for a while,someone would likely pick up this quality producing asset for a Bargain.
Personally I think iron ore has hit rock bottom & the way is up.There is going to be some serious action on the share price in coming months(upwards).
I wonder what the shorters think?
The share price rise in the last few days could be a hint.
ARI Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
BCI Price at posting:
53.0¢ Sentiment: Buy Disclosure: Not Held
FMG Price at posting:
$2.74 Sentiment: Buy Disclosure: Not Held
MGX Price at posting:
24.5¢ Sentiment: Buy Disclosure: Not Held
AGO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
