Well any thing can happen.
I bought AOR originally because I wanted exposure to any upside to the AUD price of gold.
The company look ok, the story looked good and CBA took a large holding.
All positives in my mind.
Then along came Placer now AOR looks financial pretty strong to me a million-oz producer making money.
Placer if I have my number correct is 2.5 million oz producer not making a lot but they offer me 35 cents AUD and in exchange for my AOR shares I get 20% holding in Placer.
Now I my have my number wrong and please correct me if I have but it looks like I am being shortchanged here.
Gyro
AOR
apollo series 2013-1 trust
