AOR Takeover Play, page-4

Let me throw my two bobs in...
Firstly I just want to make a comment on a prediction an analyst from Ord Minnett made if the PDG offer fell through. He stated the price would possibly fall to $2.50 if this happened. I think this is wishful thinking on the part of this gopher for whatever reason, but it is highly unlikely AOR will fall this far. Fundermentally they are still sound and better than ever, and if the reason the price was rise in recent months was due to the fact there was a takeover premiunm attached then it does not mean AOR is any less valueable and even without PDG in the picture, they are still in play for another company... Goldcorp Inc. & Barrick to name a couple, and the sentiment to the price of POG is encouraging with most predicting a rise in coming months, so at $2.50 they'd be a screaming strong buy, I would be buying a truck load.

Secondly, PDG has again extended its offer in the hope that their own share price stabilises and begins to increase, in order to make the takeover start to look alittle better. Currently they have no hope in hell of a successful take over ( less than 1% have accepted ) as the price of AOR is basically back to where it was prior to the bid, therefore no premium attached to it whatsoever, and gold is still trading near its highs, and I presume unless they sweeten the deal, the majority of AOR shareholders will not wilt. If PDG want AOR real bad they have no alternative but to sweeten the deal.
I for one am comfortable with holding AOR and should PDG's share price keep falling, it will only be a matter of time before it begins to have no adverse affect on the price of AOR and the market begins to treat AOR as it did before the takeover.
IMHO AOR is not a $2.50 share and would be very surprised to see it below $3.20. I rate them a good buy.

On a small positive note for PDG, they have been rated a 'strong buy' by a mod in the US (can't recall who ).

Only time will tell.