Both SIR and AGO are house stocks for a given firm. Lots of people got the inside run on SIR when it was a penny dreadful.
AGO made heaps of money for the advisors when it went on its pointless acquisition spree. Then the transactions stopped and hey presto SIR becomes the new fee generator and the kingmakers find a a new Ceasar to annoint. The problem is SIR would seem to be funded now and really doesn't need to acquire anything so how is a flea supposed to make a living?
Well AGO needs money and if somehow a rumour about a takeover of SIR was whispered to the right people "wink wink" then the advisors can get their clients out of SIR to help with the AGO CR.
The fact that some rather bullish broker research was published by some of the WA Club members on the eve of AGO's collapse must be embarrassing but I guess people who speak with a plum in their mouths don't tend to feel much shame.
Waiting for the next round of vomitus about what a great company AGO is and how it's visionary leaders have contributed so much to society.
SIR Price at posting:
$3.10 Sentiment: None Disclosure: Not Held
IGO Price at posting:
$5.68 Sentiment: Buy Disclosure: Not Held
