You have to understand that in this type of market which totally defies logics, nothing should surprise. Basically there is hardly any premium left in Placers offer so we are back to square one, as if there is no offer, and there is no way in hell people would even consider taking up Placers off now. AOR's CEO makes some vaild points, and if there were other parties interested in AOR they will strike soon. Having said that depending on what the POG does in the next 2 weeks, theres a good chance AOR might rally. This one is hard to pick at the moment. Should Placers share price tank tonight again, then you will pick AOR cheaper, but at current prices I think they are a good buy. Placer is now in a position where they have to up the ante in order to succeed, otherwise they dont have anything to offer AOR share holders. We will now see how bad Placer wants AOR.
I'd say even Harmony Gold will be thinking about renigging on the deal of accepting their off as they hold about 9% of AOR.
Cheers
AOR
apollo series 2013-1 trust
