It's a pity that AOR could not negotiate a suitable defensive merger with LHG
It seems to be a case of get bigger or eventually get swallowed up as a bite sized morsel for some avaricious overseas predator.
I hope that PDG's bid founders as AOR has a bright future.
Nice franked dividends won't be coming your way if you exchange AOR scrip for that of PDG
Maybe AOR's Board should revisit the merger scenario as a long term defensive ploy - if not with LHG, maybe with NCM. Could AOR affect a takeover in its own right .... maybe CRS? It needs to grow to survive but, somehow I doubt if it can grow big enough, fast enough.
I just hate seeing quality Aussie gold stocks ending up under foreign control.
Cheers, X
AOR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
