Most market pundits believe that Placer Dome will have to increase its bid by around 20% if it is to winkle contol of AOR from resisting shareholders (one of whom I am).
Maybe PDG is just playing a waiting game ... waiting for the gold price to kick up sharply. That would add a whole new dynamic to the situation.
One thing is for sure .... PGD won't get control of AOR unless AOR shareholders get a value for their shares in excess of the value of the bid at the time the takeover bid was originally launched.
Maybe I am wrong .... maybe, given all the talk of "gloom & doom", AOR shareholders will capitulate with minimal profits?
The water is pretty murky on this one - what do others think?
Cheers
AOR
apollo series 2013-1 trust
